International Economics Commons^™

Chaebol And Korea's Industrial Finance, Murat Doral, Michael Patrono

Journal of Global Initiatives: Policy, Pedagogy, Perspective

The Korean economy is based on a government led and export oriented growth model centered on business groups or conglomerates known as chaebols which have close relationships with the government. The government led growth model, also known as Guided or Managed Capitalism, relies on a government dominated, but privately owned, business sector. The private business sector is itself dominated by chaebols which are family owned or controlled business groups. These groups are supported by preferential relationships with the government. While the chaebol system was an important element of South Korea's early industrial growth, it ultimately had to be reformed. The …

In Israeli-Palestinian Conflict, Could Commerce Foster Trust, Tolerance, And Peace?, Nathan B. Oman

Popular Media

No abstract provided.

Common Currency Examined In Latin America, Jack William Mccloskey

Honors Theses

Maintaining a stable currency with economic growth and prosperity has always been an obstacle for countries in Latin America. Debt crises and high poverty rates have plagued economies in the region for decades now. A possible solution to these problems is a shared currency. This approach has positive and negative attributes, and other solutions are also discussed.

Vertical Linkages And The Collapse Of Global Trade, Rudolfs Bems, Robert C. Johnson, Kei-Mu Yi

Dartmouth Scholarship

A common view is that cross-border vertical linkages played a key role in the 2008-2009 collapse of global trade. This paper presents two accounting results from a global input-output framework that shed light on this channel. We feed in observed changes in final demand and find that trade in final goods fell by twice as much as trade in intermediate goods. Nevertheless, intermediate goods account for more than two-fifths of the trade collapse. We also find that vertical specialization trade fell 13 percent, while value-added trade fell by 10 percent, because declines in demand were largest in highly vertically-specialized sectors.

The Labor Market Effects Of U.S. Immigration: What Is The Latest Evidence?, Orn Bodvarsson

Western Migration Conference Series

Bio:

Örn Bodvarsson is Professor of Economics, Chair of the Department of Management, and Interim Chair of the Department of Social Work at St. Cloud State University. He is also a Research Fellow at the Institute for the Study of Labor (IZA) in Bonn, Germany. A labor economist, Bodvarsson has been working in the immigration field since 2001, focusing on host country distributional effects of immigration, determinants of migration, internal migration in China, and wage discrimination against the foreign-born. In 2009 Springer published his co-authored book, The Economics of Immigration: Theory and Policy, recently reviewed in Journal of Economic …

Recruitment And Retention Of Immigrants In A Global Labour Market: Implications For Policy, Christopher Robinson

Western Migration Conference Series

Bio:

Chris Robinson studied economics at the London School of Economics and the University of Chicago, and has been a faculty member at the University of Western Ontario since 1977. His research has focused on human capital and wage issues including human capital specificity, labour supply, migration, and unions and he has published a wide range of articles on these topics in scholarly journals. From 1993 to 2003 he served as associate editor of the Journal of
Labor Economics. From 2001 to 2010 he held the CIBC Chair in Human Capital and
Productivity at the University of Western Ontario …

Regional Trade Agreements And The Pattern Of Trade: A Networks Approach, Rossitza Wooster, Javier A. Reyes, Stuart Shirell

Systems Science Friday Noon Seminar Series

This paper uses a complex network approach for the analysis of bilateral trade data between countries over the period 1970-2000. We compute the network community structure for every year between 1970 and 2000 and compare it to null community structures that emerge from various models based on regional and geographic classifications, the implementation of RTA's and/or on gravity models of trade. Our results show that RTA formation appears to have a cyclical pattern on the world trade network community structure. We document periods where bilateral trade flows and the structure of the world trade network are consistent with those predicted …

The Effects Of Trade And Other Factors On Income Distribution: The Cases Of Chile, Dominican Republic, And Venezuela, George G. Lluberes

Honors Theses

This thesis examines the factors affecting income distribution in Latin America, specifically, the cases of Chile, the Dominican Republic, and Venezuela. The focus of this study is to identify economic, as well as, political factors that may be causing the inequality levels of income distribution to increase or decrease within the countries previously stated. Economic factors investigated include freedom to trade, trade as a percentage of GDP, economic growth, and educational enrollment levels. Furthermore, the political factors analyzed in this thesis are: corruption levels, legal structures, security of property rights, rule of law, democratic or non-democratic status, expenditure in social …

Three Essays On Fdi In China, Mingming Pan

College of Business: Dissertations, Theses, and Student Research

Foreign Direct Investment (FDI) has contributed a great deal to China’s extraordinary growth by injecting capital into the economy, creating jobs, transferring technology and knowledge, enhancing trade, bringing in competition for local enterprises, improving the quality of local labor and intermediate goods suppliers, and connecting China’s gradually opening economy to the global market. For over a decade, China has been the second largest recipient of inward FDI in the world behind the United States. In 2009, China received $95 billion, which is 8.5% of the world’s total. However, the large amount of inward FDI has been unevenly distributed across Chinese …

El Rol Esencial De La Educación Y La Salud En La Estrategia Microfinanciera: Un Comentario Sobre El Neoliberalismo Contemporáneo, Julia Smith

Latin American Studies Honors Projects

Abstract

This thesis answers the question: “What is the relationship between microfinance and neoliberalism?” by arguing that microfinance is an effective strategy for poverty eradication and community development only when it is coupled with public education and health for all members of society. Therefore, countries need to change their policies in these areas to ensure that microfinance institutions are successful in ending poverty. This thesis engages with scholars such as David Harvey and Mohammed Yunus who provide the theoretical framework for neoliberalism and microfinance and more importantly with Milford Bateman and Yogendra Bahadur Shakya who argue that microfinance can never …

Do Foreign Direct Investment And Trade Openness Accelerate Economic Growth?, Donna Chan Wah Hak

Honors Projects in Economics

This research investigates the impact of trade openness and foreign direct investment (FDI) on economic growth. Using a framework proposed by Barro (1991), panel data regression analysis is performed on 5-year time periods between 1985 and 2005. A sample of 89 countries is analyzed using data collected from the World Development Indicators (WDI), Penn World Table, Barro and Lee (2010), and Polity IV Project datasets. The empirical analysis shows that conditional convergence occurs among the countries in the sample and that FDI net inflows per worker slightly increases the speed of conditional convergence. This study also finds evidence that FDI …

Why Do Some Nations Have More Renewable Energy Policies?, Melissa Dahl

Political Science Theses and Capstones

Some nations have considerably more renewable energy policies than others and this research is attempting to discover why. Renewable energy use is quickly growing in our world and has become a major topic in today’s politics. Existing literature suggests various theories as to why some nations have more renewable energy policies than others. I test these theories with data from two major data sources; REN21, the Renewable Energy Policy Network for the 21st Century, and the International Energy Agency. I anticipate that nations with a larger number of effective political parties, higher GDPs, and larger population would have more renewable …

Economic Freedom And Fiscal Performance: A Regression Analysis Of Indices Of Economic Freedom On Per Capita Gdp, Jason R. Ockey

Undergraduate Economic Review

This paper explores whether different forms of economic freedom drive fiscal performance. We also seek to determine which specific measurements of economic freedom have the most statistically significant impacts. Though the results of our analysis show that economic freedom does impact levels of per capita GDP, the interpretation of these results is more complicated. Because some indices of economic freedom have negative effects on per capita GDP or are statistically insignificant, it is important to note that simply generally increasing a country’s overall level of economic freedom will not necessarily spur economic growth or increase fiscal performance. This paper does …

The State Of The Fair Trade Movement, Jeff Goldman, Executive Director

Fair Trade Universities' National Convergence

No abstract provided.

The Arab World Needs Free Markets As Much As Democracy, Nathan B. Oman

Popular Media

No abstract provided.

Measurement Issues Arising From The Growth Of Globalization: Conference Papers, Susan N. Houseman, Kenneth F. Ryder Jr.

Reports

No abstract provided.

Emigrant Effects On Bilateral Trade: Reexamining The Immigrant-Trade Link From The Home Country Perspective, Roger White, Bedassa Tadesse

Economics

A voluminous literature examines the immigrant-trade link. Available studies evaluate the link largely from the host country perspective and generally indicate that immigrants exert positive influences on trade between their host and home countries. Few studies, however, explore the effects of emigrants on trade. Using data representing the stocks of emigrants from 131 home countries that resided in 110 host countries during the year 2005, we examine the immigrant/emigrant-trade link from both the home country perspective and the host country perspective. Doing so, we provide the first comprehensive estimates of pro-trade emigrant effects for each home country in our study.

A Literary Analysis And Case Study Evaluation Of The Environmental, Cultural, And Economic Impacts Of Ecotourism, Ashley M. Driver

Social Sciences

No abstract provided.

Teaching Rebels, Filip Campante, Davin Chor

Research Collection School Of Economics

No abstract provided.

Explosive Behavior In The 1990s Nasdaq: When Did Exuberance Escalate Asset Values?, Peter C. B. Phillips, Yangru Wu, Jun Yu

Research Collection School Of Economics

A recursive test procedure is suggested that provides a mechanism for testing explosive behavior, date stamping the origination and collapse of economic exuberance, and providing valid confidence intervals for explosive growth rates. The method involves the recursive implementation of a right-side unit root test and a sup test, both of which are easy to use in practical applications, and some new limit theory for mildly explosive processes. The test procedure is shown to have discriminatory power in detecting periodically collapsing bubbles, thereby overcoming a weakness in earlier applications of unit root tests for economic bubbles. An empirical application to the …