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Economic theory is often abused in practical policy-making. There is frequently excessive focus on sophisticated theory at the expense of elementary theory; too much economic knowledge can sometimes be a dangerous thing. Too little attention is paid to the wider economic context, and to the...
Persistent link: https://www.econbiz.de/10005498003
This paper is about Nicky Kaldor and other economists contributions to economics.
Persistent link: https://www.econbiz.de/10004967994
It is most important to get the conceptual aspects of a problem clear, before starting any formal or statistical analysis. This the author has always tried to do.
Persistent link: https://www.econbiz.de/10004967996
This paper explores the link between trade and European labour markets by using evidence on relative commodity prices …
Persistent link: https://www.econbiz.de/10005504580
The recent media and political attention on service outsourcing from developed to developing countries gives the impression that outsourcing is exploding. As a result, workers in industrial countries are anxious about job losses. This Paper aims to establish what are the hypes and what are the...
Persistent link: https://www.econbiz.de/10005504627
What is the impact of terrorism on trade through higher security at the borders? We set up a theory which shows that … the impact goes not only from terrorism to trade; higher trade with a partner might, in turn, increase the probability of … products. These results suggest that security to prevent terrorism does matter for trade. …
Persistent link: https://www.econbiz.de/10005504633
This paper derives the conditions under which fitness-reducing alleles can survive in a long-run stationary equilibrium for a trading population, extending the results in Saint-Paul (2002) for arbitrary systems of sexual reproduction.
Persistent link: https://www.econbiz.de/10005504704
of natural selection are made weaker because trade allows people to specialize in those activities where they are strong …, and to offset their weaknesses by purchasing adequate goods on the market. Absent trade, people must allocate their time … alleles at all locations. Under trade, there exist long-run equilibria where less fit individuals are able to achieve the same …
Persistent link: https://www.econbiz.de/10005504779
Since changes in trade openness are typically confounded with other factors, it has been difficult to identify the … labour market consequences of increased international trade. The advent of the United States Interstate Highway System … provides a unique policy experiment, which I use to identify the effect of reducing trade barriers on the relative demand for …
Persistent link: https://www.econbiz.de/10005504786
reconcile these positions by examining the economic impact of hosting mega-events like the Olympics; we focus on trade. Using a … variety of trade models, we show that hosting a mega-event like the Olympics has a positive impact on national exports. This … effect is statistically robust, permanent, and large; trade is around 30% higher for countries that have hosted the Olympics …
Persistent link: https://www.econbiz.de/10005788959