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Finance Constraints and Inventory Investment: Empirical Tests with Panel Data

Cunningham, Rose - EconWPA - 2004

The author empirically tests two aspects of the interaction between financial variables and inventory investment: negative cash flow and finance constraints due to asymmetric information. This is one of the first studies of inventory investment and finance constraints using Canadian data. A...

Persistent link: https://www.econbiz.de/10005076725

Profit-sharing, Technical Efficiency Change and Finance Constraints

Maietta, Ornella; Sena, Vania - EconWPA - 2004

This paper analyses the mechanisms through which profit-sharing schemes may induce debt constrained firms to improve technical efficiency over time to guarantee positive profits. This hypothesis is first formalised in a partial equilibrium framework and then is tested on a sample of Italian...

Persistent link: https://www.econbiz.de/10005561811

Do bilateral investment treaties increase foreign direct investment to developing countries?

Neumayer, Eric; Spess, Laura - EconWPA - 2004

restrictions on their sovereignty in the hope that the protection from political and other risks leads to an increase in foreign …

Persistent link: https://www.econbiz.de/10005125530

Plunder & Protection Inc.

Mehlum, Halvor; Moene, Karl; Torvik, Ragnar - EconWPA - 2002

When the state fails to supply basic security and protection of property, violent entrepreneurs not only seize the … opportunity of plundering, but some also enter the protection business and provide protection against plunderers. This … protection. In this 'market for extortion' the entry of new violent entrepreneurs enhances the profitability of them all. The …

Persistent link: https://www.econbiz.de/10005556072

The role of risk and cost-benefit analysis in determining quarantine measures

Binder, Monika - EconWPA - 2002

This paper describes the World Trade Organization Agreement on the Application of Sanitary and Phytosanitary Measures and supporting international guidelines. It examines the existing import risk analysis approach to determining quarantine measures used by WTO member countries and considers some...

Persistent link: https://www.econbiz.de/10005119254

Labor Rents, Ajustment Costs, and the Cost of U.S. Steel Trade Restraints in the 1980s

Scott, Robert E.; Blecker, Robert A. - EconWPA - 1996

Recent studies have compared labor losses in import-competing industries with the costs of protection and found that … and benefits of protection and provides a complete accounting of labor losses related to imports, including labor rents … gains for the U.S. in the 1980s, even though actual protection through Voluntary Restraint Agreements generated net welfare …

Persistent link: https://www.econbiz.de/10005119343

Trading Population for Productivity

Galor, Oded; Mountford, Andrew - EconWPA - 2004

This research argues that the rapid expansion of international trade in the second phase of the industrial revolution has played a significant role in the timing of demographic transitions across countries and has thereby been a major determinant of the distribution of world population and a...

Persistent link: https://www.econbiz.de/10005125617

Dynamic Heckscher-Ohlin Results from a 2x2x2x2 Overlapping Generations Model with Unequal Population Growth Rates

Sayan, Serdar - EconWPA - 2002

This paper considers a two-country world where the population in one country grows faster than the other, and investigates the implications of the addition of non-stationary population dynamics to a simple 2- commodity, 2-factor model of international trade within an overlapping- generations...

Persistent link: https://www.econbiz.de/10005125629

Though Arrow Says It’s Impossible, It Happens Everyday

Gani, Mohammad - EconWPA - 2004

Arrow’s Impossibility Theorem shows that transitive social preference is impossible. This note shows that in the general case of exchange, social preference need not be transitive. Indeed, it shows that social preference must be non-transitive to allow gainful exchange to maximize social...

Persistent link: https://www.econbiz.de/10005135127

Factor Endowments, Trade Direction, and Growth Performances of the Americas and East Asia in the Nineteenth and Twentieth Centuries

Lai, Hongyi Harry - EconWPA - 1997

Factor-endowment based trade with the leading economy helps to explain the differing development performances of the Americas and East Asia in the past two centuries. Between 1830 and 1945, labor-abundant Britain, the most advanced country, traded heavily with land-abundant countries in the...

Persistent link: https://www.econbiz.de/10005062412