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In this paper we investigate the effect of financial deregulation on the relationship between the macro-economy and the share market within the framework of a VAR using quarterly Australian data for four variables - aggregate share prices, real output, the term premium and the default premium....
Persistent link: https://www.econbiz.de/10014074797
U.S. immigration law is premised on the fundamental idea that it is permissible, desirable, and necessary to restrict immigration into the United States and to treat borders as a barrier to entry rather than a port of entry. In this article, Professor Johnson seeks to add to the scholarly...
Persistent link: https://www.econbiz.de/10014074873
The 1990s witnessed significant regulatory changes in several Spanish network industries, such as electricity, telecommunications, natural gas and oil. This article provides an assessment of these developments, aiming to ascertain what goals policy-makers sought to achieve with the deregulation...
Persistent link: https://www.econbiz.de/10014074924
The Russian Federation is in the process of making major structural changes to its railway and electricity sectors. Both sectors will be at least partly vertically disintegrated, with the aim of creating competition in the "upstream" sector while maintaining state ownership and control of the...
Persistent link: https://www.econbiz.de/10014075403
Speech about Telecommunications Reform in México and their industrial policy elements which lie up in income transfers from the incumbent to its competitors and rules that rewards the lack of investment by new competitors and erase incentives to the the incumbent reaching confiscatory measures....
Persistent link: https://www.econbiz.de/10014145377
This paper sketches recent developments of Japanese urban development law, while highlighting a number of developments linked to the effort of decentralization. It should be emphasized that the policy of decentralization is linked to citizens’ participation on one hand and to deregulation...
Persistent link: https://www.econbiz.de/10014145760
Well-known typologies in Comparative Political Economy, like the "Varieties of Capitalism" or the "Three Worlds of Welfare Capitalism" are criticized for neglecting political conflict, because they selectively focus on institutional characteristics, most notably labor relations and welfare...
Persistent link: https://www.econbiz.de/10014189040
In the Covid pandemic, European State aid law was liberalised to guarantee member States the possibility of supporting the economy. In an economic crisis, the tension between the possibility to counteract and fair competition comes particularly to the fore. The European Commission gave priority...
Persistent link: https://www.econbiz.de/10014242616
"Japan and Italy encountered severe economic problems in the early 1990s, and the governments had to deal with those issues effectively under the increasing neoliberal pressures of globalisation. In this context, labour market deregulation was considered an effective tool to cope with those...
Persistent link: https://www.econbiz.de/10013547119
Economic transition and the case of China -- Non-state sectors policies, 1978 to the present -- Managing elite conflict and policy cycles -- Installing technocratic young leaders -- Selective and showcase liberalization -- Extending the open policy -- Provincial reform initiatives -- Divergent...
Persistent link: https://www.econbiz.de/10013547286