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The parpose of this paper is to model and describe the consequences for labor markets in an underdeveloped economy of foreign Investment in an enclave sector.Foreign technology tends to expose some of the hidden talents in the local labor force.Replacement of foreign labor by domestic labor...
Persistent link: https://www.econbiz.de/10010398068
International joint ventures (JV) are popular institutional forms chosen by the less developed countries (LDCs) to attract foreign Investments. In this paper we describe a set up where a multinational firm (MNF) decides on the volume of investment and the LDC gov-ernment offers a package...
Persistent link: https://www.econbiz.de/10010397914
We consider the problem of stabilising the income of a country, henceforth the borrower, which would always prefer a stable income to a random income with the same average, i.e. a country which is risk-averse. This would be appropriate for countries which are heavily reliant upon agricultural...
Persistent link: https://www.econbiz.de/10010398016
We study the impact of exchange rate risk on an exporting firm in a developing country when there is no forward market in the foreign currency. However there exists a forward traded asset in this country the price of which is highly correlated to the foreign currency. By indirectly hedging its...
Persistent link: https://www.econbiz.de/10010398039
In the past few years, the role of international organizations involved in supplying developing countries with capital has changed - not only have they increased their volume of lending, but they have also become catalytic agents stimulating continuing private bank lending to less developed...
Persistent link: https://www.econbiz.de/10010398154
Wegen ihres hohen entwicklungspolitischen Stellenwertes ist die Steigerung von Direktinvestitionen als langfristiges Instrument zur Verbesserung der Verschuldenssituation der Länder der Dritten Welt anerkannt. Trotz dieser Erkenntnis blieben die Direktinvestitionen in Richtung der...
Persistent link: https://www.econbiz.de/10010397984
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Persistent link: https://www.econbiz.de/10010398137
This paper moves toward the formulation of a normative theory of taxation that incorporates collective choice as an … essential element. Such a theory has many interesting parallels to optimal taxation, including large information requirements …In diesem Papier wird versucht, eine normative Theorie der Besteuerung auf der Theorie der kollektiven Entscheidung …
Persistent link: https://www.econbiz.de/10010397881
This paper addresses the question why a lot of firms demand stricter environmental regulation. With non-identical producers within the same industry, lobbying for tighter environmental rules turns out to be an important strategy of raising rivals' costs. Furthermore, the paper explains when the...
Persistent link: https://www.econbiz.de/10010397882