Economics Commons^™

Chinese Investment In Ethiopia: Devlopmental Opportunity Or Deepening China's New Mercantilism?, Asayehgn Desta

Asayehgn Desta

Explaining Commercial Rents In Major U.S. Metropolitan Areas Using An Error Correction Model With Panel Data, Maria R. Ibanez

Maria Ibanez

This project presents rent models for flexible, industrial, retail and office properties in the Unites States. Panel data are used covering the largest fifty metropolitan areas in the U.S. for 27 years (1982-2009) to analyze the determinants of rents.

Do Profit Maximisers Take Cold Showers? Another Look At Protection And Technical Efficiency, Neil Campbell, Jeffrey Kline

Neil Campbell

In this paper we consider whether a 'cold shower' is possible if the firm we are analysing is a conventional neoclassical profit-maximising firm facing competitively determined prices. In the context of this analysis, the term 'cold shower' refers to a situation where the removal of a protective subsidy induces investment in a cost-reducing technology. First we show that if the investment lowers marginal cost everywhere, then our firm will never respond to the removal of the subsidy by making the investment. We then use this result to carefully construct examples where the investment does not lower marginal cost everywhere. These …

Cooperation Before Contract: The Law And Policy Of Expenses Incurred During Negotiations In Comparative Perspective, Luigi Russi

Luigi Russi

Pending negotiations for a contract, one party may begin to incur expenses in fulfilment of the proposed economic operation in anticipation of the finalisation of a formal contract, which is a common practice in many settings, from building and lease contracts to contracts for services in general. This book, therefore, focuses on controversies that may arise when an expected contract collapses after one party withdraws from negotiations, with an ensuing attempt to determine what liability, if any, the withdrawing party should face regarding expenses incurred by the other. The laws of England and Italy, along with several non-legislative codifications – …

Evolution Of The Barrett Law, Robert Main

Robert S. Main

No abstract provided.

Community Demographics And Access To Care Among Us Hispanics, Carole Gresenz, J. Rogowski, Jose Escarce

Carole Roan Gresenz

No abstract provided.

Was Financial Market Contagion The Source Of Economic Crisis In Asia? Evidence Using A Multivariate Var Model, Ahmed Khalid, Masahiro Kawai

Ahmed Khalid

The episodes of financial crises in many parts of the world during the 1990s have sparked interest in identifying channels through which such crises spread from one country to another. Researchers have identified several factors that may have sparked and induced contagion. This study further extends the existing research by identifying and testing three financial market variables to trace the alleged origin and the subsequent path of the contagion during the 1997 Asian Crisis. Foreign exchange rates, stock market prices and interest rates are three main financial market indicators, representing the currency, stock and money markets, respectively. We use a …

Ecosystems As Natural Assets, Edward Barbier

Edward B Barbier

No abstract provided.

China's South-South Cooperative Investments And Co-Development Modalities In Africa, Asayehgn Desta

Asayehgn Desta

Critical Foundations: Providing Australia’S 21st Century Infrastructure, Michael Regan

Michael Regan

Extract:

Infrastructure is undoubtedly the least understood of the major asset classes in Australia. A tradition of public ownership and operation, its status as a public good and a lack of information about its investment characteristics in both public and private hands has contributed to limited recognition of its role in national and regional economies. However, this situation is changing. A coincidence of political, economic and financial events in the lead up to the worldwide economic recession of the late 1980s and Australia's microeconomic reforms of the 1990s b[r]ought into sharper focus the central role that infrastructure plays in both …

Temporal Aggregation, Cointegration And Causality Inference, Gulasekaran Rajaguru, Tilak Abeysinghe

Gulasekaran Rajaguru

Temporal aggregation creates contemporaneous correlations, alters dynamic links and may distort causality inference. Since cointegration is invariant to temporal aggregation and implies Granger causality this paper presents a sign rule for causal inference and contemporaneous conditioning in regression models.

Professor's Update To Antitrust Analysis: Problems, Text And Cases, Phillip Areeda, Louis Kaplow, Aaron S. Edlin

Aaron Edlin

No abstract provided.

A Monopolistic Competition Economic Model Of The Horticultural Industry With A Risk Of Harmful Plant Invasion, Edward Barbier

Edward B Barbier

No abstract provided.

Financing Climate Mitigation And Adaptation At Cop 15: Introductory Remarks, Edward Barbier

Edward B Barbier

No abstract provided.

The Relocation Of Crime, Catherine C. De Fontenay

Catherine de Fontenay

We add a new sector called Crime to a traditional two-sector two-input Heckscher-Ohlin model of trade between countries. Trade is found to increase crime in the resource-rich country and to reduce crime in the resource-poor country by an equal amount. The negative externality from increased crime can be strong enough to cancel out the gains from trade for the resource-rich country. The paper also explores the impact of aid, capital flows, and migration on crime rates, and how crime shapes the degree of specialization in each economy.

A Global Green New Deal, Edward Barbier

Edward B Barbier

No abstract provided.

Assigning Valuation Of Coastal Habitats With Non-Linear Ecological Functions: The Example Of Mangroves, Edward Barbier

Edward B Barbier

No abstract provided.

Análisis De La Sostenibilidad Del Proyecto De Producción Y Venta De Huevos De La Granja Nueva Vida, Guatemala, Maria R. Ibanez

Maria Ibanez

El presente documento analiza la sostenibilidad del proyecto de producción y venta de huevos de la Casa Nueva Vida, localizada en las cercanías de Santa Cruz de Quiché, Guatemala. En el primer apartado, se presentan los resultados del análisis financiero, en el segundo, el estudio de mercado, y en el tercero, las recomendaciones. Finalmente, se recogen las conclusiones del informe.

Corruption, Poverty And Tropical Land Use, Edward Barbier

Edward B Barbier

No abstract provided.

The Dynamic Quality Of Law: The Role Of Judicial Incentives And Legal Human Capital In The Adaptation Of Law, Gillian K. Hadfield

Gillian K Hadfield

Much of the existing literature investigating the relationship between legal regimes and economic growth focuses on the agency problem of aligning judicial incentives with social welfare. In this paper I look instead at the factors that influence the quality of law when judges have incentives to promote social welfare but they have limited knowledge about the environment in which law is to be applied. The key insight is that the capacity for a legal regime to generate value-enhancing legal adaptation to local and changing conditions depends on its capacity to generate and implement adequate expertise about the environment in which …

Quarterly Gdp Estimates For Selected South Asian Economies, Safdar Khan

Safdar Khan

No abstract provided.

A Tiny Heart Beating: Student-Edited Legal Periodicals In Good Ol' Europe, Luigi Russi, Federico Longobardi

Luigi Russi

This paper has a twofold aim: to analyze the possible opportunities disclosed by the observed growth of student- dited law reviews in Europe and to propose an innovative model of student participation to legal publication.

The first part explores the phenomenon of student-edited law reviews in the U.S., focusing on its recognized educational benefits. Among others, it is observed that participation in student-edited law reviews might promote greater scholarly maturity among J.D. students, who might in turn be better equipped for a career in the academia after finishing law school, in comparison to their same-age European peers. Hence, there follows …

Ecosystems As Natural Assets, Edward Barbier

Edward B Barbier

No abstract provided.

Valuing Environmental Quality: A Space-Based Strategy (Forthcoming), David Clark, John Carruthers

David E. Clark

This paper develops and applies a space-based strategy for overcoming the general problem of getting at the demand for non-market goods. It focuses specifically on evaluating one form of environmental quality, distance from EPA designated environmental hazards, via the single-family housing market in the Puget Sound region of Washington State. A spatial two stage hedonic price analysis is used to: (1) estimate the marginal implicit price of distance from air release sites, hazardous waste generators, hazardous waste handlers, superfund sites, and toxic release sites; and (2) estimate a series of demand functions describing the relationship between the price of distance …

Trade And Natural Resources, Edward Barbier

Edward B Barbier

No abstract provided.

Substance Or Mere Technique? A Precis On Good Faith Performance In England, France And Germany, Luigi Russi

Luigi Russi

This paper attempts to offer a concise discussion of good faith performance and other functionally equivalent doctrines in the laws of England, Germany and France. The study’s goal is that of appraising the consistency of existing differences. More specifically, of whether they relate merely to technique - not being paralleled by diverging final outcomes - or whether the rift is deeper and goes to the very substance of the approach to the solution of similar practical problems. For this purpose, the work first shows the close connection between good faith performance (of contractual obligations) and good faith enforcement (of contractual …

Cross-Validated Bandwidths And Significance Testing, Christopher Parmeter, Zhiyuan Zheng, Patrick Mccann

Christopher F. Parmeter

The link between the magnitude of a bandwidth and the relevance of the corresponding covariate in a regression has recently garnered theoretical attention. Theory suggests that variables included erroneously in a regression will be automatically removed when bandwidths are selected via cross-validation procedure. However, the connections between the bandwidths of the variables that are smoothed away and the insights from these same variables when properly tested for statistical significance have not been previously studied. This paper proposes a variety of simulation exercises to examine the relative performance of both cross-validated bandwidths and individual and joint tests of significance. We focus …

The Role Of Natural Resources In Economic Development, Edward Barbier

Edward B Barbier

No abstract provided.

Analysis Of Kiren Sales Corporation’S Survey Data, Safdar Khan

Safdar Khan

No abstract provided.

Financial Sector Reforms And Banking Sector Soundness: A Multivariate Evaluation, Safdar Khan

Safdar Khan

No abstract provided.