The effects of the institutional determinants on trade in agricultural and food products are analyzed using a gravity model approach. We focus on the impact of the quality of governance and the similarity of institutions in explaining variation in bilateral agricultural and food trade patterns among the OECD countries. Results confirmed the separate effects for the institutional similarity and ...

By combining new data on bilateral asset holdings with data on securities regulation in an empirical gravity model, it is found that bilateral differences in securities regulation lead to decreased portfolio holdings. Hence, regulatory harmonization can foster financial integration. The results are especially strong for equity holdings. It is verified that the results do not just reflect genera...

This paper provides an original study into how democratization and globalization in‡uence transnational terrorism — examining the motives of terrorists and how democratic institutions and international integration in‡uence non-state economic actors. We employ a gravity model to investigate the relative importance of globalization and democratization on transnational terrorism and external con‡i...

In this empirical study all mergers that have been challenged by the U.S. antitrust agencies FTC and DOJ between 1995 and 2008 were analyzed in regard to the question to what extent and how the agencies assessed the innovation effects of mergers. Theoretical background is the still open question how negative effects of mergers on innovation should be taken into account in merger policy. Althoug...

During the eighties, citizens from around the country became more educated and active regarding hazardous and solid waste issues. While the more prominent trouble spots such as Times Beach made the evening news, residents began looking into environmental problems closer to home. With alarming regularity, citizens in the South and Appalachia found themselves having to deal with wasterelated issu...

We consider solutions of the field equations for the large N dilaton gravity model in 1 + 1 dimensions of Callan, Giddings, Harvey, and Strominger (CGHS). We find time dependant solutions in the weak coupling region with finite mass and vanishing flux, as well as solutions with lie entirely in the Liouville region.

International evidence indicates that higher terms of trade levels and lower terms of trade volatility contribute to enhanced growth outcomes, especially for commodity-export and developing countries. New Zealand’s terms of trade have been high and remarkably stable since the early 1990s compared with past experience. We analyse the proximate reasons behind these high, stable terms of trade and...

The Federal Communications Commission’s (FCC) charge to promote the public interest in the communications sector encompasses a mandate to foster competition.1 The FCC is far from the only federal agency with an interest in competitive communications markets. The Antitrust Division of the Department of Justice (DOJ) and the Federal Trade Commission (FTC), the nation’s generalist antitrust enforc...