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The Hausmann–Gorky Effect

On May 26, 2017, Harvard economist Ricardo Hausmann published an Op Ed titled "Hunger Bonds", urging investors to avoid Venezuelan sovereign bonds on the grounds that the country was prioritizing payments on the bonds over remedying a humanitarian crisis. Contemporaneously, news emerged regarding a suspicious looking bond issue by Venezuela's oil company that was purchased largely by…

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English / 22/03/2019

Industrial or Traditional Bamboo Construction? Comparative Life Cycle Assessment (LCA) of Bamboo-Based Buildings

The past five decades have witnessed an unprecedented growth in population. This has led to an ever-growing housing demand. It has been proposed that the use of bio-based materials, and specifically bamboo, can help alleviate the housing demand in a sustainable manner. The present paper aims to assess the environmental impact caused by using four different construction materials (…

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English / 30/08/2018

Die zwei Agrarinitiativen pflegen auch unseren Chauvinismus

Die Agrarvorlagen, über die wir am 23. September abstimmen, gehen von einer Welt aus, die funktioniert wie im Globi-Buch – oder wie in den Klischees linker Geografielehrer.

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Deutsch / 26/08/2018

Bamboo reinforced concrete – a critical review

The use of small diameter whole-culm (bars) and/or split bamboo (a.k.a. splints or round strips) has often been proposed as an alternative to relatively expensive reinforcing steel in reinforced concrete. The motivation for such replacement is typically cost—bamboo is readily available in many tropical and sub-tropical locations, whereas steel reinforcement is relatively more…

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English / 16/07/2018

Eurobonds past and present: a comparative review on debt mutualization in Europe

This paper reviews the economic and historical literature on debt mutualization in Europe with reference to pre-1914 guaranteed bonds and current Eurobonds debate. We emphasize that, notwithstanding the differences in scale and nature, debt mutualization solutions similar to Eurobonds were tried before, and the closest historical examples to the present debate are the pre-1914…

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English / 09/07/2018

Can countries rely on foreign saving for investment and economic development ?

Contrary to widespread presumption, a surprisingly large number of countries have been able to finance a significant fraction of their investment for extended periods using foreign finance. While many of these episodes are in countries where official finance is important, we also identify episodes where a substantial fraction of domestic investment is financed by private capital…

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English / 15/06/2018

Aggregate uncertainty and sectoral productivity growth: the role of credit constraints

We show that an increase in aggregate uncertainty -measured by stock market volatility- reduces productivity growth more in industries that depend heavily on external finance. The mechanism at play is that during periods of high uncertainty, firms that are credit constrained switch the composition of investment by reducing productivity-enhancing investment- such as on ICT capital-…

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English / 15/06/2018

Kein Wachstum ohne Strukturwandel

Über Nachhaltige Entwicklungshilfe

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Deutsch / 15/06/2018

Vorsorge, nicht verhindern

Die politischen Leitfaden der Gentech-Landwirtschaft: Vorsorgeprinzip

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Deutsch / 12/05/2018

Der katalanische Unabhängigkeit unlauter und provinziell

Angesichts des Gezerres um die Auslieferung von Carles Puigdemont setzt sich in der europäischen Öffentlichkeit immer mehr das Narrativ durch, dass Katalonien ein Opfer des spanischen Imperialismus sei. Dabei erzählen die politisch demokratischen Realitäten mit Autonomierechten für die Regionen eine andere Geschichte.

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Deutsch / 12/05/2018

Der katalanische Unabhängigkeitsmythos : Unlauter und provinziell : Gastkommentar

Angesichts des Gezerres um die Auslieferung von Carles Puigdemont setzt sich in der europäischen Öffentlichkeit immer mehr das Narrativ durch, dass Katalonien ein Opfer des spanischen Imperialismus sei. Dabei erzählen die politisch demokratischen Realitäten mit Autonomierechten für die Regionen eine andere Geschichte.

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Deutsch / 12/05/2018

Financing for development: editor's introduction

In this double issue of the Oxford Review of Economic Policy we publish a set of papers concerned with the mobilization of domestic and foreign capital in support of the United Nations' Sustainable Development Goals that were launched in September 2015. The papers were originally presented at a conference on 'Financing for Development' organized by the International Monetary Fund and…

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English / 04/05/2018

The Hausmann-Gorky effect

For over a century, legal scholars have debated the question of what to do about the debts incurred by despotic governments; asking whether successor non-despotic governments should have to pay them. That debate has gone nowhere. This paper examines whether an Op Ed written by Harvard economist, Ricardo Hausmann, in May 2017, may have shown an alternative path to the goal of…

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English / 13/04/2018

The use of corruption indicators in sovereign ratings

This paper studies the relationship between sovereign ratings and corruption indicators. The paper first shows a strong correlation between ratings issued by the three main rating agencies (Standard & Poor's, Moody's, and Fitch) and three commonly used corruption indicators. This correlation is robust to controlling for the fact that corruption is also correlated with level of…

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English / 22/02/2018

Guilty speculators? Range-based conditional volatility in a cross-section of wheat futures

In response to the unusually high levels of price volatility during the world food price crisis of 2007/2008, US and EU regulators have introduced position limits that aim to protect commodity markets from exposure to excess speculation. Such regulatory initiatives presuppose that excess speculation is indeed responsible for excess volatility. Our results debunk this presupposition…

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English / 01/01/2018

Business Ethics and Human Rights. The Industrial Involvement in the Embeddedness of the Tibetan Community in Rikon, Switzerland: A Case Study

This case study discusses the complex socio-cultural and political dynamics of the Tibetan Diaspora in Switzerland from a multilayer perspective of history, human rights, law, international business, social and developmental economics. We focus on the village Rikon in Tösstal, Canton Zurich as an example of social embeddedness for refugees driven by the Kuhn-Rikon industry and…

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English / 01/01/2018

In search of new product ideas: Identifying ideas in online communities by machine learning and text mining

Online communities are attractive sources of ideas relevant for new product development and innovation. However, making sense of the ‘big data’ in these communities is a complex analytical task. A systematic way of dealing with these data is needed to exploit their potential for boosting companies' innovation performance. We propose a method for analysing online community data…

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English / 09/12/2017

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