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The Balassa-Samuelson Hypothesis in Developed Countries and Emerging Market Economies: Different Outcomes Explained
García Solanes, José; Torrejón-Flores, Fernando - In: Economics: The Open-Access, Open-Assessment E-Journal 3 (2009) 2009-2, pp. 1-24
This paper studies the Balassa-Samuelson effects in two areas with strong differences in economic development, sixteen OECD countries and sixteen Latin American economies. The USA is taken as a benchmark. Applying recent panel cointegration and bootstrapping techniques that solve for...
Persistent link: https://www.econbiz.de/10010298622
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The crisis and beyond: Thinking outside the box
Hillinger, Claude - In: Economics: The Open-Access, Open-Assessment E-Journal 4 (2010) 2010-23, pp. 1-61
In this paper the author attempts an analysis of the current financial/economic crisis that is wider ranging and more fundamental than he has been able to find. He discusses alternatives to the financial bailouts and shows how the crisis could have been dealt with more efficiently and at little...
Persistent link: https://www.econbiz.de/10010301113
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The impact of national financial regulation on macroeconomic and fiscal performance after the 2007 financial shock: Econometric analyses based on cross-country data
Hagen, Tobias - In: Economics: The Open-Access, Open-Assessment E-Journal 7 (2013) 2013-33, pp. 1-44
Using cross-country data, this paper estimates the impact of the 2007 financial shock on countries' macroeconomic developments conditional on national financial regulations before the crisis. For this purpose, the financial reform index developed by Abiad et al. (A New Database of Financial...
Persistent link: https://www.econbiz.de/10010317973
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Contribution of health to economic development: A survey and overview
Husain, Muhammad Jami - In: Economics: The Open-Access, Open-Assessment E-Journal 4 (2010) 2010-14, pp. 1-52
The policies for better health, poverty reduction, and less inequality, throughout the world, require thorough understanding of both the processes and causal paths that underlie the intricate relationship between health and wealth (income). This is deemed difficult, contingent, and only...
Persistent link: https://www.econbiz.de/10010300295
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A comparative view on the tax performance of developing countries: Regional patterns, non-tax revenue and governance
Ivanyna, Maksym; von Haldenwang, Christian - In: Economics: The Open-Access, Open-Assessment E-Journal 6 (2012) 2012-32, pp. 1-44
Some countries fail to ensure that their citizens and businesses make an appropriate contribution to the financing of public tasks. But not all countries with a low tax ratio automatically fall into this category. This paper presents an approach to bridge the gap between probabilistic statements...
Persistent link: https://www.econbiz.de/10010310080
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Welfare Effects of Intellectual Property in a North-South Model of Endogenous Growth with Comparative Advantage
Saint-Paul, Gilles - In: Economics: The Open-Access, Open-Assessment E-Journal 2 (2008) 2008-5, pp. 1-24
This paper develops a model for analyzing the costs and benefits of intellectual property enforcement in LDCs. The North is more productive than the South and is the only source of innovator. There are two types of goods, and each bloc has a comparative advantage in producing a specific type of...
Persistent link: https://www.econbiz.de/10010295303
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Debt, deleveraging and business cycles: An agent-based perspective
Raberto, Marco; Teglio, Andrea; Cincotti, Silvano - In: Economics: The Open-Access, Open-Assessment E-Journal 6 (2012) 2012-27, pp. 1-49
The recent financial crises pointed out the central role of public and private debt in modern economies. However, even if debt is a recurring topic in discussions about the current economic situation, economic modeling does not take into account debt as one of the crucial determinants of...
Persistent link: https://www.econbiz.de/10010309605
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Money creation and financial instability: An agent-based credit network approach
Lengnick, Matthias; Krug, Sebastian; Wohltmann, Hans-Werner - In: Economics: The Open-Access, Open-Assessment E-Journal 7 (2013) 2013-32, pp. 1-44
suited to explain money creation along the lines of mainstream theory. Additionally it uncovers a potential instability that …
Persistent link: https://www.econbiz.de/10010317976
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Minimum quality standards and novelty requirements in a one-short development race
Prokop, Jacek; Regibeau, Pierre; Rockett, Katharine - In: Economics: The Open-Access, Open-Assessment E-Journal 4 (2010) 2010-15, pp. 1-49
investment incentives of the initial innovator, contrary to much of the cumulative innovation literature. Indeed, as the effect …
Persistent link: https://www.econbiz.de/10010300296
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Monopoly innovation and welfare effects
Yao, Shuntian; Gan, Lydia - In: Economics: The Open-Access, Open-Assessment E-Journal 4 (2010) 2010-27, pp. 1-21
In this paper we study the welfare effect of a monopoly innovation. Unlike many partial equilibrium models carried out … technical innovation carried out by a monopolist could significantly increase the social welfare. We conclude that, in general …, the criticism against monopoly innovation based on its increased deadweight loss is less accurate than previously …
Persistent link: https://www.econbiz.de/10010302705