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Reframing Corporate Governance
This stimulating book offers an astute analysis of corporate governance from both a historical and a philosophical point of view. Exploring how the modern corporation developed, from Ancient Rome and the Middle Ages up to the present day, Javier Reyes identifies the strengths and weaknesses of the mainstream theory of the firm as put forward by the law and economics school of thought.
Economic Growth and Inequality in Latin-American Countries
This paper explores the connection between inequality and economic growth. First, it designs an endogenous theoretical model of economic growth that predicts a quadratic relationship between the degree of inequality and the growth rate of the economy. In addition, we test the theoretical model empirically employing a panel data encompassed by a representative sample of Latin-American economies from 1975 to 1995. Our results support the existence of a quadratic relationship between the income inequality (proxied by the Gini index) and the rate of growth of the economies. Moreover, the empirical evidence underlies the necessity of an important investment in infrastructure in less developed countries, absolutely essential to obtain the "social capacity" (Abramovitz, 1986) necessary to foster the growth rate of income.
Expanding Frontiers of Global Trade Rules
Combining theoretical analysis with insights derived from interactions with trade negotiators, this book analyzes the issues surrounding the creation of newtrade rules', addressing trade topics including the trade and development linkage.
Back to BITs and Bites
In this paper we investigate the impact of regional trade agreements (RTAs) and bilateral investment treaties (BITs) on intra-regional foreign direct investment (FDI) across Latin American countries from 1995 to 2012. We use an augmented gravity model in which we control for cross-country heterogeneity, multilateral resistances and endogeneity of RTAs/BITs. This study empirically reveals that belonging to a well-established RTAs, such as MERCOSUR, is significantly more effective than the enforcement of BITs in fostering intra-regional FDI. We observe heterogeneous impacts within the bloc: BITs exert a positive but small effect, with an estimated increase in FDI stocks between 4-7.25%, for mi...
Handbook of Latin American Studies, Vol. 61
"The one source that sets reference collections on Latin American studies apart from all other geographic areas of the world.... The Handbook has provided scholars interested in Latin America with a bibliographical source of a quality unavailable to scholars in most other branches of area studies." —Latin American Research Review Beginning with volume 41 (1979), the University of Texas Press became the publisher of the Handbook of Latin American Studies, the most comprehensive annual bibliography in the field. Compiled by the Hispanic Division of the Library of Congress and annotated by a corps of more than 140 specialists in various disciplines, the Handbook alternates from year to year b...
Foreign Direct Investment, Economic Freedom and Growth
This paper explores empirically the interplay between economic freedom, Foreign Direct Investment (FDI) and growth. We pursue a panel data analysis on a sample of 18 Latin-American countries over the period 1970-1999. Basic findings are two: First, economic freedom in the host country is found to be a positive determinant of FDI inflows into that nation. Second, FDI is positively correlated with economic growth in the host countries of the sample considered. We attribute this empirical regularity to the idea that FDI may help the process of technological diffusion from leaders to developing countries. The empirical analysis also points out to the need of a certain level of social capacity in the host country to benefit from the entrance of FDI.
20 años de Cantabria en Europa
Se enmarca el presente libro dentro del conjunto de estudios que analizan la solidaridad europea con las regiones españolas y su contribución al desarrollo de las mismas. Para ello, tomando como referencia la Comunidad Autónoma de Cantabria, se presenta la evolución de la economía regional durante las dos últimas décadas y se describen y cuantifican los recursos recibidos. Se añaden unas reflexiones y conclusiones sobre la posible contribución al crecimiento regional del volumen de ayudas europeas recibidas.
Estudios de derecho español y europeo
Para conmemorar los veinticinco años de la creación de la Facultad de Derecho se reunieron los docentes, que en ella han impartido clase, para elaborar esta obra colectiva, no sólo referente doctrinal sino un auténtico símbolo del trabajo universitario, desde las distintas perspectivas que el Derecho ofrece
OECD Investment Policy Reviews: China 2003 Progress and Reform Challenges
This study records and evaluates the development so far of an enabling environment for FDI in China and suggests policy options designed to improve it further.
Examens de l'OCDE des politiques de l'investissement : Chine 2003 Progrès et enjeux de la réforme
Depuis que le gouvernement chinois s’est engagé à réformer l’économie du pays en l’ouvrant aux échanges et aux investissements internationaux, la Chine est devenue l’une des principales destinations de l’investissement direct étranger (IDE). Ces ...
