Martin and Rey (2000, 2004) develop a theoretical model that assumes that investors are risk averse, the number of financial assets is endogenous, assets are imperfect substitutes, and cross-border asset trade entails transactions costs. Under these assumptions, a reduction in international ...
Fifteen years ago, I explained that the bailout of Greece (by the IMF-EC-ECB “troika“) was a mistake because the net effect was a much bigger tax burden and no reduction in the spending burden. And I did the same thing five years ago and found the same (predictable) result. In ...
Which will be a shame since the WTO for many yearsactually did a good job. P.S. You won’t be surprised to learn that the Biden Administration also is interested in carbon protectionism. Indeed, there was plenty of green protectionism is hismisnamedInflation Reduction Act. Share this: Print...
We focus here on compliance costs for the business sector. In this chapter, we describe the reduction policies and compliance costs, and explain this with the role of the regulatory state and the role of the market and institutions. Data on these issues is hard to find. We have used ...
This implication is present in the study by Rosenzweig (2007), who derives a Roy model of migration with moving costs that include components that are fixed in monetary units and time-equivalent units. It is the level difference in the reward to skill between source and destination that ...
It is wise if you have something that will perform the expected work not something that will introduce a burden to the business like repair and other costs. Before buying try to check the date the same equipment was purchased and the status, it is at that particular time. Off Corse, good...
recycle in closed loops or resell) is required for cross-national SMEs and MNEs to capitalize on a globalizing CE. Innovation/product development is key for the company to distinguish itself and offer something unique to the international marketplace that promotes recycling, waste reduction, or decr...
(02150.HK), is still highly cautious due to the price war caused by weak macro demand and increased competition. Based on the company's high cash level, second, potential revenue and profit from the franchise, and efforts to control store and headquarters costs, the bank maintained its ...
Lobbyists will be fat and happy while businesses and consumers will get hit with higher costs. The editorial’s conclusion wisely warns that it would be a big mistake for Europeans to trigger a trade war. Western elites haven’t convinced their voters to pay the price of their climate obsess...
But it’s not just people that are moving. As shown by these maps, money is also escaping from California and New York. The above map comes from Linly Lin and Tom Maloney, who wrotea columnfor Bloomberg about money-management firms fleeing high-tax states. ...