VOLUME 9(4) • 2014
ABENOMICS: JAPAN’S NEW ECONOMIC POLICY PACKAGE
ABSTRACT. This paper addresses Japan’s economy, its new economic policy package, and the new term – Abenomics – that is used to describe the three pillars, or “arrows,” of the Abe government’s focus on the Japanese economy and on economic policy. The term Abenomics is an example of brilliant brandin..
PRIVATIZING RECREATIONAL FISHERIES
ABSTRACT. Recreational fisheries are an important albeit underappreciated part of our economy, both on the production and consumption side. In this paper we attempt to make the case that the present sovietization of this resource is not effective, and that privatization will bring great benefits to ..
PROGRESSIVE TAXATION AS A MEANS TO EQUALITY OF CONDITION AND POVERTY ALLEVIATION
ABSTRACT. This paper explores the tax and transfer systems in the United States and argues that by being less progressive than its counterparts, the current tax system in the United States promotes inequality of condition, which not only hinders projects that could lead to poverty alleviation but al..
GLOBALIZATION AND INSTITUTIONAL CHANGE: ARE EMERGING MARKET ECONOMIES IN EUROPE AND ASIA CONVERGING?
ABSTRACT. It is often stated that globalization makes a “smaller” world by institutional convergence. Politico-economic orders become alike across the world. This article addresses institutional change triggered by the global financial crisis of 2008/2009 and by comparing developments in emerging ma..
STRUCTURAL BREAKS AND FINANCIAL VOLATILITY: LESSONS FROM THE BRIC COUNTRIES
ABSTRACT. Little empirical research has examined volatility spillovers between oil prices and emerging economies. This lack of research might appear as surprising as the energy markets are a fundamental reference for economic growth. This article aims at looking at the BRIC financial markets and the..
AN EMERGING MARKET PERSPECTIVE ON KEY VALUE DRIVERS IN THE VALUATION OF CROSS-BORDER TRANSACTIONS INTO SOUTH AFRICA
ABSTRACT. This paper investigates the valuation performance of 16 individual value drivers, from five different value driver categories, in relation to the South African equity market for the period 2001–2010. The research results revealed, among other findings, that headline earnings is by far the ..
BOLSA FAMÍLIA’S CONTRIBUTION TO POVERTY ALLEVIATION
ABSTRACT. This paper seeks to fill a gap in the current literature by examining the significance of Bolsa Família’s effect on poverty at the state level, the process of enforcement and enlargement of Bolsa Família, and the function of municipalities in attaining its success. The findings of this stu..
THE ECONOMIC VALUE OF CELEBRITY ENDORSEMENTS: A LITERATURE REVIEW
ABSTRACT. Research on the increasing relevance and presence of celebrity endorsements, the mechanisms by which celebrity endorsements impact the market, and the link between stock market value and celebrity endorsements has yielded fairly consistent findings over the past decade. Applying new concep..
THE ADVERSE EFFECTS OF CORRUPTION ON GROWTH AND DEVELOPMENT
ABSTRACT. This paper discusses the major trends in scholarship about the link between corruption and growth, the multifaceted character of corruption, and the potential for corruption to offset advances towards more significant trade openness. The mainstay of the paper is formed by an analysis of th..