Economics

In this note, we reconsider the notion of ‘economic sovereignty.’ We argue that a small country may need to invest in assets of the sort of a port even when the common scale-economy argument indicates that using a port of a neighbouring country will be more cost effective. The reason for...

Laurence J. Kotlikoff is Professor of Economics at Boston University, Research Associate of the National Bureau of Economic Research, Fellow of the American Academy of Arts and Sciences, Fellow of the Econometric Society, and President of Economic Security Planning, Inc., a company specializing...