Force and Contention in Contemporary China: Memory and Resistance in the Long Shadow of the Catastrophic Pastby Ralph A. Thaxton, Jr. New York: Cambridge University Press. 2016. ISBN 978‐1‐107‐11719‐8 (hb). ISBN 978‐1‐107‐53982‐2 (pb) by
Untitled: Securing Land Tenure in Urban and Rural South Africa, Edited by Hornby D., Kingwill R., Royston L. and B. Cousins, Pietermaritzburg: University of KwaZulu‐Natal Press. 2017. Pp. xvii +443. R290.00, ISBN: 978‐1‐86914‐350‐3. by
Courtesy: Wiley online library
The Review of Financial Studies, Volume 32, Issue 2, 1 February 2019
We test the hypothesis that foreign direct investment promotes corporate governance spillovers in the host country. Using firm-level data from 64 countries during the period 2005–2014, we find that cross-border M&A activity is associated with subsequent improvements in the governance of nontarget firms when the acquirer country has stronger investor protection than the target country. The effect is more pronounced when the target industry is more competitive. Cross-border M&As are also associated with increases in investment and valuation of nontarget firms. Alternative explanations, such as access to global financial markets and cultural similarities, do not appear to explain our findings.
The following NBER Working Papers were released in electronic format this week. Abbreviations in parentheses refer to NBER Research Programs. (visit http://www.nber.org/programs for Program information.)
- Common Ownership in America: 1980-2017 Matthew Backus, Christopher Conlon, and Michael Sinkinson #25454 (CF, IO)
- Infringing Use as a Path to Legal Consumption: Evidence from a Field Experiment Hong Luo and Julie Holland Mortimer #25453 (IO, PR)
- 1930: First Modern Crisis Gary Gorton, Toomas Laarits, and Tyler Muir #25452 (CF, DAE, EFG, ME)
- The Insurance is the Lemon: Failing to Index Contracts Barney Hartman-Glaser and Benjamin M. Hébert #25450 (AP, CF)
- Currency Factors Arash Aloosh and Geert Bekaert #25449 (AP)
- Heterogeneous Households under Uncertainty Pietro Veronesi #25448 (AP)
- Spatial Correlation, Trade, and Inequality: Evidence from the Global Climate Jonathan I. Dingel, Kyle C. Meng, and Solomon M. Hsiang #25447 (DEV, EEE, EFG, IFM, ITI, PR)
- Tweet Sixteen and Pregnant: Missing Links in the Causal Chain from Reality TV to Fertility David A. Jaeger, Theodore J. Joyce, and Robert Kaestner #25446 (LS)
- The Fiscal Theory of the Price Level in Overlapping Generations Models Roger E.A. Farmer and Pawel Zabczyk #25445 (EFG, ME)
- Variation in Women’s Success Across PhD Programs in Economics Leah Platt Boustan and Andrew Langan #25444 (ED, LS)
- The Fine Print in Smart Contracts Joshua S. Gans #25443 (PR)
- Capitalists in the Twenty-First Century Matthew Smith, Danny Yagan, Owen M. Zidar, and Eric Zwick #25442 (CF, EFG, IO, LS, PE, PR)
- The Origins of Firm Heterogeneity: A Production Network Approach Andrew B. Bernard, Emmanuel Dhyne, Glenn Magerman, Kalina Manova, and Andreas Moxnes #25441 (IO, ITI)
- Heterogeneity, Measurement Error and Misallocation: Evidence from African Agriculture Douglas Gollin and Christopher R. Udry #25440 (DEV)
- Agent Orange: Trump, Soft Power, and Exports Andrew K. Rose #25439 (ITI)
- From Immigrants to Robots: The Changing Locus of Substitutes for Workers George J. Borjas and Richard B. Freeman #25438 (LS)
- Why Has China Overinvested in Coal Power? Mengjia Ren, Lee G. Branstetter, Brian K. Kovak, Daniel E. Armanios, and Jiahai Yuan #25437 (DEV, EEE, PR)
- Retirement Choices by State and Local Public Sector Employees: The Role of Eligibility and Financial Incentives
Leslie E. Papke #25436 (AG)
- Do Firms Respond to Gender Pay Gap Transparency? Morten Bennedsen, Elena Simintzi, Margarita Tsoutsoura, and Daniel Wolfenzon #25435 (CF, LS)
- The Effect of Minimum Wages on Low-Wage Jobs: Evidence from the United States Using a Bunching Estimator Doruk Cengiz, Arindrajit Dube, Attila Lindner, and Ben Zipperer #25434 (LS)
- Volatility and Informativeness Eduardo Dávila and Cecilia Parlatore #25433 (AP, EFG)
- Do Innovation Subsidies Make Chinese Firms More Innovative? Evidence from the China Employer Employee Survey Hong Cheng, Hanbing Fan, Takeo Hoshi, and Dezhuang Hu #25432 (CF, PR)
- On the Controversies behind the Origins of the Federal Economic Statistics Hugh Rockoff #25431 (DAE)
- Folklore Stelios Michalopoulos and Melanie Meng Xue #25430 (CH, DAE, DEV, POL)
- Does Scientific Progress Affect Culture? A Digital Text Analysis Michela Giorcelli, Nicola Lacetera, and Astrid Marinoni #25429 (DAE, PR)
- Urgent Care Centers and the Demand for Non-Emergent Emergency Department Visits Lindsay Allen, Janet R. Cummings, and Jason Hockenberry #25428 (HC, HE)
The effects of labour market reforms upon unemployment and income inequalities: an agent-based model
Socio-Economic Review, Volume 16, Issue 4, 1 October 2018
This work analyses the effects of labour market structural reforms by means of the labour-augmented ‘Schumpeter meeting Keynes’ (K+S) Agent-Based model. We introduce a policy regime change characterized by a set of structural reforms on the labour market. Confirming a recent IMF report, the model shows how structural reforms reducing workers’ bargaining power and compressing wages tend to increase (a) unemployment, (b) functional income inequality and (c) personal income inequality. We further undertake a global sensitivity analysis on key variables and parameters which corroborates the robustness of our findings.
Lost Use-Value from Environmental Injury When Visitation Drops at Undamaged Sites: Reply
Courtesy: UW Press
World Bank, 2019.
Global economic prospects have darkened. Financing conditions have tightened, industrial production has moderated, and trade tensions remain elevated. The recovery in emerging market and developing economies has stalled, and some countries have experienced significant financial stress. Downside risks have increased, including the possibility of disorderly financial market movements and escalating trade disputes.
It is thus critical to rebuild policy buffers while fostering potential growth by boosting human capital, promoting trade integration, and addressing informality. In addition to discussing global and regional economic developments and prospects, this edition of Global Economic Prospects includes a chapter on the challenges posed by informality and associated policy options.
The report also contains pieces on the remarkable decline in inflation in emerging market and developing economies over the past decades, rising debt vulnerabilities in low-income countries, and the implications of large spikes in food prices for poverty. Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing countries, on a semiannual basis (in January and June). The January edition includes in-depth analyses of topical policy challenges faced by these economies, while the June edition contains shorter analytical pieces.
Courtesy : Open Knowledge Repository