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3711. Why do some countries produce so much more output per worker than others?

Author:
Camelia Minoiu and Emmanuel Pikoulakis
Publication Date:
10-2006
Content Type:
Working Paper
Institution:
Institute for Social and Economic Research and Policy at Columbia University
Abstract:
To explain differences in output per worker across countries, we test for the workings of a learning-by-doing hypothesis and the hypo thesis that the effectiveness of human capital depends on the laws and institutions that promote workplace practices that allow skills to develop. The quality of laws and institutions in the workplace is measured by an index of economic security (ESI). We find that ESI is a good proxy for human capital whilst educational attainment is not. We also find that countries with high ESI use more effectively the skills of the workforce and are better at exploiting profitable opportunities in capital markets.
Topic:
Development, Economics, Industrial Policy, International Trade and Finance, Markets, and Political Economy

3712. The Miniskirt and the Veil: Aid and Islam in Bulgaria

Author:
Dana Steinberg (ed)
Publication Date:
02-2006
Content Type:
Working Paper
Institution:
The Wilson Center
Abstract:
In 1989, while traveling through Spain, Kristen Ghodsee stared in disbelief at the television in the bus station in Barcelona as images appeared of the Berlin Wall crumbling. A year later, she backpacked through Eastern Europe to witness the unprecedented changes in the region. But these countries that held such promise soon suffered economic collapse, and Ghodsee wondered what went wrong.
Topic:
Economics, Gender Issues, Islam, and Religion
Political Geography:
Eastern Europe and Bulgaria

3713. Corporate Governance in Canada and the United States: A Comparative View

Author:
Edward J. Waitzer and Jay W. Lorsch
Publication Date:
04-2006
Content Type:
Working Paper
Institution:
The Wilson Center
Abstract:
Drawing on expertise from both sides of the Canada-U.S. border, the One Issue,Two Voices series is designed to stimulate dialogue on policy issues that have a significant impact on the bilateral relationship. This fifth issue in the series provides an up-to-date snapshot of how corporate governance practices differ between Canada and the United States. Authors Jay Lorsch of the Harvard Business School and Edward Waitzer of the Canadian law firm Stikeman Elliott are leading experts on corporate governance.Together they give us a comparison of the way our countries have responded to changes mandated by the Sarbanes-Oxley Act (SOX) passed by the U.S. government in 2002.
Topic:
Civil Society, Economics, and Politics
Political Geography:
United States, Canada, and North America

3714. The Economics of Inaction on Climate Change: A Sensitivity Analysis

Author:
Frank Ackerman and Ian J. Finlayson
Publication Date:
10-2006
Content Type:
Working Paper
Institution:
Global Development and Environment Institute at Tufts University
Abstract:
Economic models of climate change often take the problem seriously, but paradoxically conclude that the optimal policy is to do almost nothing about it. We explore this paradox as seen in the widely used DICE model. Three aspects of that model, involving the discount rate, the assumed benefits of moderate warming, and the treatment of the latest climate science, are sufficient to explain the timidity of the model's optimal policy recommendation. With modifications to those three points, DICE shows that the optimal policy is a much higher and rapidly rising marginal carbon price; that higher carbon price has a greater effect on physical measures of climate impacts. Our modifications exhibit nonlinear interactions; at least at low discount rates, there is synergy between individual changes to the model. At low discount rates, the inherent uncertainty about future damages looms larger in the analysis, rendering long-run economic modeling less useful.
Topic:
Climate Change, Economics, and Environment

3715. Can Climate Change Save Lives? A comment on "Economy-wide estimates of the implications of climate change: Human health"

Author:
Frank Ackerman and Elizabeth Stanton
Publication Date:
09-2006
Content Type:
Working Paper
Institution:
Global Development and Environment Institute at Tufts University
Abstract:
In a recent article in this journal, Francesco Bosello, Roberto Roson, and Richard Tol make the surprising prediction that the first stages of global warming will, on balance, save a large number of lives. Bosello et al. fail to substantiate this remarkable estimate, and they make multiple mistaken or misleading assumptions. They rely on research that identifies a simple empirical relationship between temperature and mortality, but ignores the countervailing effect of human adaptation to gradual changes in average temperature. While focusing on small changes in average temperatures, they ignore the important health impacts of extreme weather events such as heat waves, droughts, floods, and hurricanes. They extrapolate this pattern far beyond the level that is apparently supported by their principal sources, and introduce an arbitrary assumption that may bias the result toward finding benefits from warming.
Topic:
Climate Change, Economics, and Environment
Political Geography:
San Francisco

3716. Ethics and International Debt: A View from Feminist Economics

Author:
Julie A. Nelson
Publication Date:
08-2006
Content Type:
Working Paper
Institution:
Global Development and Environment Institute at Tufts University
Abstract:
Feminist scholars examine not only the gendered impacts of development programs whose design has been influenced by disciplines such as economics, but also the gendered biases that permeate the models and methods of the disciplines themselves. This essay draws on aspects of feminist critiques of economics, philosophy, psychology, law, and finance to analyze the way in which international debt is discussed. Feminist critiques raise serious questions about the rational choice framework that often undergirds scholarly discussions of “agents,” “contract,” “ethics,” and “capital and debt.”
Topic:
Economics, Gender Issues, and International Trade and Finance

3717. The Relation between Democracy and Religion: Towards a European Discursive "Model";?

Author:
Camil Ungureanu
Publication Date:
12-2006
Content Type:
Working Paper
Institution:
European Research Papers Archive
Abstract:
In this paper we advance the argument that, under certain socio-political and cognitive conditions, the manifestation of religion in the opinion-oriented public spheres can have an inherent value for democratic life. However, it is only after processes of selective interpretation and transformation through inclusive discursive practices that religious semantic contents may legitimately influence decisional interpretations of constitutional principles and rights. This “model” draws on republicanism and deliberative democracy: given that these two conceptions do not start out from an abstract principle of liberty as non-interference but from a multidimensional conception of freedom embedded in various historical contexts of mutual recognition, they are more predisposed to provide conceptual resources for envisaging a discursive relation between democracy and religion.
Topic:
Democratization, Economics, Politics, and Religion
Political Geography:
Europe

3718. Self-regulation in European Contract Law

Author:
Fabrizio Cafaggi
Publication Date:
12-2006
Content Type:
Working Paper
Institution:
European Research Papers Archive
Abstract:
This paper addresses self-regulation as a complementary means to harmonize and regulate European Contract Law. In the context of the paper SR is conceived as a complementary device to legislation and as a monitoring device to verify ECL implementation.
Topic:
Economics, Markets, and Politics
Political Geography:
Europe

3719. State Sovereignty, Popular Sovereignty and Individual Sovereignty: from Constitutional Nationalism to Multilevel Constitutionalism in International Economic Law?

Author:
Ernst-Ulrich Petersmann
Publication Date:
12-2006
Content Type:
Working Paper
Institution:
European Research Papers Archive
Abstract:
This paper discusses the basic constitutional problem of modern international law since the UN Charter: How can the power-oriented international legal system based on “sovereign equality of states” be reconciled with the universal recognition of “inalienable” human rights deriving from respect for human dignity and popular sovereignty? State representatives, intergovernmental organizations, international judges and non-governmental organizations often express different views on how far the universal recognition of human rights has changed the subjects, structures, general principles, interpretative methods and “object and purpose” of international law (e.g. by the emergence of erga omnes obligations and jus cogens limiting state sovereignty to renounce human rights treaties, to refuse diplomatic protection of individuals abroad, or domestic implementation of international obligations for the benefit of domestic citizens). The paper explains why effective protection of human rights at home and abroad requires multilevel constitutional protection of individual rights as well as multilevel constitutional restraints of national, regional and worldwide governance powers and procedures. While all European states have accepted that the European Convention on Human Rights and EC law have evolved into international constitutional law, the prevailing paradigm for most states outside Europe remains “constitutional nationalism” rather than “multilevel constitutional pluralism.” Consequently, European proposals for reforms of international economic law often aim at “constitutional reforms” (e.g. of worldwide governance institutions) rather than only “administrative reforms”, as they are frequently favoured by non-European governments defending state sovereignty and popular sovereignty within a more power-oriented “international law among states.”
Topic:
Economics, Nationalism, Politics, and Sovereignty
Political Geography:
Europe and United Nations

3720. Justice in International Economic Law? From the 'International Law among States' to 'International Integration law' and 'Constitutional Law'

Author:
Ernst-Ulrich Petersmann
Publication Date:
12-2006
Content Type:
Working Paper
Institution:
European Research Papers Archive
Abstract:
The UN Charter and the Vienna Convention on the Law of Treaties require interpreting treaties and settling international disputes “in conformity with the principles of justice and international law.” This contribution discusses procedural and substantive principles of justice which the international judge may take into account in interpreting international economic agreements. The “sovereign equality of states” underlying the “international law of coexistence” as well as the “international law of intergovernmental cooperation” must be interpreted in conformity with the universal recognition of human dignity as a source of inalienable human rights. The universal recognition of economic and social human rights further requires taking into account solidarity principles, as proposed also by the sociological approach to international law. The constitutional structures and citizen-oriented functions of the law of international economic organizations liberalizing and regulating mutually beneficial market transactions among citizens require judges to engage in a careful balancing of state-centered and citizen-oriented principles of international law, including respect for the emerging human right to democratic decision-making. This modern “international integration law” and the increasing number of “international constitutional rules” promote the reconciliation of the various state-centered approaches, human rights approaches, sociological approaches and policy-approaches to international law as a system not only of international rules and “legal pluralism” but also of constitutionally limited decision-making processes and struggles for human rights.
Topic:
Economics, Human Rights, International Law, Treaties and Agreements, and United Nations
Political Geography:
Vienna