infonet-economy

Stochastic dominance criteria are commonly used to draw welfare-theoretic inferences about comparisons of income distribution as well as ranking probability distributions in the analysis of choice under uncertainty. However, just as some measures of location and dispersion can be catastrophically sensitive to extreme values in the data it is also possible that conclusions drawn from...

In this paper robustness properties of the maximum likelihood estimator (MLE) and several robust estimators for the logistic regression model when the responses are binary are analysed. It is found that the MLE and the classical Rao's score test can be misleading in the presence of model misspecification which in the context of logistic regression means either misclassification...

Not available in German. Recently several studies analysed active labour market policies using a newly proposed matching estimator for multiple programmes. Since there is only very limited practical experience with this estimator, this paper checks its sensitivity with respect to issues that are of practical importance. The estimator turns out to be fairly robust to several matters...

Like their wealthier counterparts, the poorest developing economies saw their share of foreign direct investment (FDI) in the form of mergers and acquisitions (M&A), and privatizations rise in the late 1990s. To be sure, greenfield investments still dominated overall FDI inflows, but certain sectors (notably utilities) saw considerable M&A by overseas firms. Without in any...

We document the disappearance of numerous zeros in bilateral trade matrices since 1970. A novel decomposition of the growth of 23 developing economies' exports during 1970-97 reveals that approximately one third of this growth can be accounted for by sales of long-standing exportables to new trading partners. Product-line econometric analyses suggest that such export growth is...

Transatlantische Handelskonflikte stellen in den Augen zahlreicher Beobachter ein wachsendes Problem dar. Nach weit verbreiteter Einschätzung führen sie zu regelrechten Handelskriegen und beeinträchtigen die Glaubwürdigkeit des Streitschlichtungsmechanismus der WTO. In unserem Papier zeigen wir auf, dass solche Schlussfolgerungen ungerechtfertigt sind. Die Verletzung von WTO-...

Diskussionspapier Nr. 2002-18, Universität St. Gallen, Volkswirtschaftliche Abteilung#### Antidumping ist zum wichtigsten Instrument für temporäre Importrestriktionen aufgestiegen. Diese Entwicklung ist Grund zur Besorgnis, da Antidumping stark verzerrende Wirkung auf Handelsströme ausübt. Zahlreiche Beobachter haben Vorschläge unterbreitet, wie die derzeitige Situation verbessert...

For discussion during the International Workshop on "Competition, Cultural Variety and Global Governance; The Case of the Global Audio-Visual System", ####