Publications des institutions partenaires
Pricing-to-market, trade policy, and market power
This paper studies the determinants of pricing-to-market at the firm-level, with a particular focus on the role of firm-specific and policy-induced market power. We use a large dataset containing export values and quantities by product and destination for all exporting firms in 12 developing and emerging countries, over several years. We first show that firms in our sample do price…
Institution partenaire
Institut de hautes études internationales et du développement
/ 01/04/2015
Demand learning and firm dynamics: evidence from exporters
This paper provides evidence that learning about demand is an important driver of firms' dynamics. We present a simple model with Bayesian learning in which firms are uncertain about their idiosyncratic demand parameter in each of the markets they serve, and update their beliefs as noisy information arrives in each period. The model predicts that firms update more their beliefs…
Institution partenaire
Institut de hautes études internationales et du développement
/ 01/04/2015
Global value chains: benefiting the domestic economy?
Global Value Chains (GVCs) have become a central topic in trade and development policy but little is known about their actual impact on economic performance because data availability has been limited. Using a new unique set of Inter-Country Input-Output tables with extensive country coverage, I look at the relationship between GVC participation and domestic value added at the…
Institution partenaire
Institut de hautes études internationales et du développement
/ 01/04/2015
The risk of self-protection: the role of bank bailout guarantees in channelling sovereign credit risk internationally
This paper investigates the role of banks’ foreign asset holdings in transmitting credit risk internationally. Foreign exposure in risky assets might severely affect the solvability of credit institutions. Credit risk, in turn, transfers from banks to public accounts as a consequence of implicit or explicit bailout guarantees to distressed banking systems. This paper articulates this…
Institution partenaire
Institut de hautes études internationales et du développement
/ 01/04/2015
European champions and competition enforcement: is DG COMP in ideological denial?
In the wake of the Alstom restructuring, the French government indicated that current merger control rules do not allow for the development of European champions and called for a change in the rules. This paper argues that such a move may be not be advisable but that enforcement of the current rules should be improved, in particular regarding the assessment of efficiencies and the…
Institution partenaire
Institut de hautes études internationales et du développement
/ 01/04/2015
Public debt risks in Italy: myths, facts, and policies
Institution partenaire
Institut de hautes études internationales et du développement
/ 01/04/2015
Monetary policy and real cost imbalances in currency unions
The real unit labor cost is an important variable in today's debate over competitiveness and labor cost imbalances in the Eurozone. This paper documents the link existing between developments in the labor share and relative monetary policy stance across euro area members. First I present the theoretical foundations of such link using a standard New Keynesian framework, then I…
Institution partenaire
Institut de hautes études internationales et du développement
/ 01/04/2015
International migration of skilled workers with endogenous policies
We study the interaction between the optimal immigration policy of a host country and education policy of a source country in a model of international migration of skilled workers. Acquisition of human capital is driven by the academic and career opportunities at home and abroad. Greater opportunities to migrate are found to increase the source country's net stock of human…
Institution partenaire
Institut de hautes études internationales et du développement
/ 01/04/2015
Rendite- und Risiko-Kennzahlen für Immobilien aus Nachhaltigkeitssicht
Die neue Veröffentlichung des CCRS gibt einen Überblick über bewährte und neuere Rendite- und Risikokennzahlen für Immobilien und beurteilt sie aus Nachhaltigkeitssicht. Herausgegeben wird sie gemeinsam mit RICS Switzerland und dem Verband der Immobilieninvestoren sowie Immobilien Basel-Stadt, Migros-Pensionskasse, Liegenschaftenverwaltung Stadt Zürich, SUVA, Swisscanto und Zürcher…
Institution partenaire
Deutsch / 01/04/2015
Ursachen von Preisvolatilität auf Agrarmärkten
Was sind die Ursachen hoher Preisvolatilität auf den globalen Agrarmärkten? In der öffentlichen Diskussion wird oft die «Finanzialisierung» des Agrarhandels für die stark schwankenden Nahrungsmittelpreise verantwortlich gemacht. Dabei wird übersehen, dass Preisbewegungen primär auf Veränderungen der Verfügbarkeit von global handelbaren Nahrungsmitteln zurückzuführen sind. Diese…
Institution partenaire
Deutsch / 01/03/2015
Debt sustainability in low-income countries: the grants versus loans debate in a world without crystal balls
When allocating their aid budget, development agencies need to decide whether to give outright grants or use concessional loans that blend a grant and credit element. Theory suggests that the degree of concessionality should be negatively correlated with debt sustainability. Several donors use the World Bank/IMF Debt Sustainability Framework to guide their aid decisions. They give…
Institution partenaire
Institut de hautes études internationales et du développement
/ 25/02/2015
The impact of land mines on child health: evidence from Angola
Institution partenaire
Institut de hautes études internationales et du développement
Français, English / 05/02/2015
Making agricultural innovation systems (AIS) work for development in tropical countries
Agricultural innovation in low-income tropical countries ontributes to a more effective and sustainable use of natural resources and reduces hunger and poverty through economic development in rural areas. Yet, despite numerous recent public and private initiatives to develop capacities for agricultural innovation, such in itiatives are often not well aligned with national efforts…
Institution partenaire
English / 13/01/2015
Corporate governance in a risk society
Under conditions of growing interconnected- ness of the global economy, more and more stakeholders are exposed to risks and costs resulting from business activities that are neither regulated nor compensated for by means of national governance. The changing distribution of risks poses a threat to the legitimacy of business firms that normally derive their legitimacy from operating in…
Institution partenaire
English / 01/01/2015
Consumer judgment of explicit and implied health claims on foods: Misguided but not misled
Institution partenaire
English / 01/01/2015
Guest workers in the underground economy
Guest-worker programs have been providing rapidly growing economies with millions of temporary foreign workers over the last couple of decades. With the duration of stay strictly limited by program rules in most of the host countries and wages paid to guest workers often set at sub-market levels, many of the migrants choose to overstay and seek employment in the underground economy.…
Institution partenaire
Institut de hautes études internationales et du développement
/ 10/12/2014
Sequential decision making in merger control
We model merger control procedures as a process of sequential acquisition of information and compare US and EU procedures. In the US, the authorities do not have to justify their decision to require further information (issue a second request),whereas in the EU, the authorities face a different (enforceable) standard of proof in phase I relative to phase II. We found that in the…
Institution partenaire
Institut de hautes études internationales et du développement
/ 10/12/2014
Socially responsible investing and stock performance: New empirical evidence for the US and European stock markets
This paper empirically examines the theoretically ambivalent relationship between socially responsible investing (SRI) and stock performance. It contributes to the existing literature by considering both the US and the entire European stock markets and by using consistent world-wide corporate sustainability performance data. Our portfolio analysis from 1998 to 2009 is based on the…
Institution partenaire
English / 01/11/2014
Clean substitutes and the effectiveness of carbon foot print labels vs. Pigovian subsidies: evidence from a field experiment
We study how substitutability between clean and dirty alternatives affects the effectiveness of environmental regulation in a field experiment that controls for the choice set of respondents. We consider four product categories with clean and dirty alternatives: (i) cola products in plastic bottles vs. in aluminum cans; (ii) skimmed vs. whole milk; (iii) chicken meat vs. beef meat;…
Institution partenaire
Institut de hautes études internationales et du développement
/ 17/10/2014
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