This paper uses a static and dynamic gravity model of trade to investigate the link between German development aid and exports from Germany to the recipient countries. The findings indicate that in the long run German aid is associated with an increase in exports of goods that is larger than the aid flow, with a point estimate of 140 percent of the aid given. In addition, the evolution of the e...

G controls continue to play a large part in marketing decision making despite a movement toward deregulation. This paper focuses on one regulatory mechanism which currently affects many marketers and apparently will continue to do so in the future—the FTC advertising substantiation program. In justifying its budget to Congress, the FTC declared that one of the salient matters included in its co...

In 2004, the Federal Trade Commission brought legal action retrospectively challenging the 2000 acquisition of Highland Park Hospital by Evanston Northwestern Healthcare in Evanston, Illinois. A major issue in the case was whether the merger had resulted in improved clinical quality at Highland Park. In this paper, we report the findings of our analysis of that issue. We examined numerous quant...

In this letter we work out the secular precession of the spin of a gyroscope in geodesic motion around a central mass in the framework of the Dvali-Gabadadze-Porrati multidimensional gravity model. Such an effect, which depends on the mass of the central body and on the orbit radius of the gyroscope, contrary to the precessions of the orbital elements of the orbit of a test body, is far too sma...

As a result of recent developments, global economic centre of gravity has slide to Asia-Pacific region. It is predicted that Asia-Pacific countries will take place at the first row in global trade and nearly a half of the total trade will intensify in this region at the year 2030. On the other hand, the region covers countries from different levels of development. These features of the region p...

Trade costs have fallen surprisingly little given the large increase in international trade in the last 50 years. This paper examines whether trade costs are properly measured. I show theoretically that trade weighted measures will underestimate the changes in trade costs when there are fixed market entry costs and quality differences. Newly traded goods enter at higher trade costs than previou...