This paper develops a dynamic monopolistic competition model with heterogenous firms to analyze the effects of uncertainty on international trade. We characterize a stationary equilibrium, with N symmetric countries, where firms' productivities evolve stochastically over time. Our model retains...

This paper is concerned with the extent to which rehabilitation tax credits affect the conditional probability of commercial real estate rehabilitation. The analysis suggests that rehabilitation tax credits have been a significant determinant of the conditional probability of rehabilitation in...

The research analyzes the determinants and consequences of foreign direct investment (FDI) in Thailand, with particular emphasis on reviewing the Thai government's FDI policies, and these policies' effectiveness for enabling the country's sustainable development. Past research has indicated...

This paper examines relevancy of corporate financial policies and documents similarities and/or differences of how profit maximization goal is viewed by Islamic banking institutions (IBIs). Management of the firm is ultimately responsible for maximizing profits and increasing shareholder value,...

Bulgarian Abstract: Социалната политика на дадена държава е съвкупност от специфични дейности, които целят да регулират социалните отношения между различни по своето...

This research explores the historical roots and persistent effects of the division of labor in pre-modern societies. Exploiting a novel ethnic-level dataset, which combines geocoded ethnographic, linguistic and genetic data, it advances the hypothesis and establishes empirically that population...

This research explores the economic causes and consequences of language structures. It advances the hypothesis and establishes empirically that variations in pre-industrial geographical characteristics that were conducive to higher return to agricultural investment, larger gender gap in...

This research explores the economic causes and consequences of language structures. It advances the hypothesis and establishes empirically that variations in pre-industrial geographical characteristics that were conducive to higher return to agricultural investment, larger gender gap in...

The welfare gains of economic growth hinge on the ability of households to insure consumption against the risks associated with growth. We exploit a novel and unique opportunity to study this question using China, an economy that has witnessed enormous and sustained growth and for which we build...