Found 1263 article(s) in category 'Economic Growth'

Stock Splits to Profit Insider Trading: Lessons from an Emerging Market

Stock Splits to Profit Insider Trading: Lessons from an Emerging Market. Richard Zeckhauser, February 28, 2017, Paper, “Stock splits have long presented financial puzzles: Why are they undertaken? Why are they associated with abnormal returns? Abnormal returns, particularly those coming shortly before a split’s announcement date, should raise strong suspicions of insider trading, particularly in nations with weak regulatory structures. We examined the 718 split events in the emerging stock market of Vietnam from 2007 through 2011. We found evidence consistent with illegal insider trading, particularly in firms that were vulnerable to insider manipulation and, therefore, more likely to split their stocks. When vulnerable firms’ stocks did split, they provided significant excess short-term returns.Link

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Larry Summers is worried about ‘enormous damage’ to the economy

Larry Summers is worried about ‘enormous damage’ to the economy. Lawrence Summers, February 27, 2017, Video, “Former Treasury Secretary Larry Summers had strong words for the economic policies and the rhetoric coming from the Trump Administration. In a wide-ranging interview in his offices at Harvard University, Summers called the new administration’s pronouncements on trade for instance “wildly irresponsible” and “potentially very dangerous.” ” Link

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Understanding the long-run effects of Africa’s slave trades

Understanding the long-run effects of Africa’s slave trades. Nathan Nunn, February 27, 2017, Paper, “Evidence suggests that Africa’s slave trades played an important part in the shaping of the continent not only in terms of economic outcomes, but cultural and social outcomes as well. This column, taken from a recently published VoxEU eBook, summarises studies that reveal the lasting toxic effects of Africa’s four waves of slave trades on contemporary development.Link

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The State of the World with Rawi Abdelal

The State of the World with Rawi Abdelal. Rawi Abdelal, February 24, 2017, Audio, “At this moment of great geopolitical change, Davis Center Director Rawi Abdelal looks at the fate of globalization through the lenses of great power transitions, national borders, and economic inequality. Rawi Abdelal is the Herbert F. Johnson Professor of International Management at Harvard Business School and the Director of Harvard’s Davis Center for Russian and Eurasian Studies. His work focuses on international political economy and the politics of globalization and political economy of Eurasia.Link

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Land Institutions and Chinese Political Economy – Institutional Complementarities and Macroeconomic Management

Land Institutions and Chinese Political Economy – Institutional Complementarities and Macroeconomic Management. Meg Elizabeth Rithmire, February 22, 2017, Paper, “This article critically examines the origins and evolution of China’s unique land institutions and situates land policy in the larger context of China’s reforms and pursuit of economic growth. It argues that the Chinese Communist Party (CCP) has strengthened the institutions that permit land expropriation—namely, urban/rural dualism, decentralized land ownership, and hierarchical land management—in order to use land as a key instrument of macroeconomic regulation, helping the CCP respond to domestic and international economic trends and manage expansion and contraction.Link

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How The Great Recession Changed Economic Thought

How The Great Recession Changed Economic Thought. Edward Glaeser, 2017, Book, “The past three decades have been characterized by vast change and crises in global financial markets—and not in politically unstable countries but in the heart of the developed world, from the Great Recession in the United States to the banking crises in Japan and the Eurozone. As we try to make sense of what caused these crises and how we might reduce risk factors and prevent recurrence, the fields of finance and economics have also seen vast change, as scholars and researchers have advanced their thinking to better respond to the recent crises.Link

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