We explore the key motives of migrant workers’ remittances from abroad for 11 major Asian migrant‐sending countries. Using panel regressions, we find that relative higher growth rate, interest rate ...and capital market returns of home over the host, investment, financial deepening at home have significant impact on remittance inflows into Asia, along with higher per capita incomes and international crude oil prices. With incorporation of per capita incomes and lagged impact of remittances, we observe an emergence of consumption motives to remit. Therefore, we conclude that both investment and altruistic motives are the driving forces for remittances inflows into the Asian economies.
As Iraqi troops surged into Kuwait in 1990, British Ambassador to Saudi Arabia Alan Munro played a vital role in both forging and maintaining a formidable coalition to evict them. Never before had ...Western and Arab states fought side by side against another Arab country. He reveals here all the behind-the-scenes manoeuvring that made this possible. He recalls with verve and candour the frantic phone calls, the diplomatic interplay, the confusion of the battlefield, and the difficulties of dealing with the international media. Munro surrounds his revelations with a thoughtful and informed analysis of the international politics of the Middle East. With Western armies once more deployed in the Gulf, this new updated paperback edition of Munro's book provides a timely reminder of the pressures, pitfalls and potential of international diplomacy in the region.An authoritative account...impressive and valuable - The SpectatorA frank and entertaining book. - Patrick Seale, former correspondent for The Observer and author of Assad of Syria: The Struggle for the Middle East"Superbly chronicled"- The Wall Street Journal.
This paper studies the effect of corruption on foreign direct investment. The sample covers bilateral investment from twelve source countries to 45 host countries. There are two central findings. ...First, a rise in either the tax rate on multinational firms or the corruption level in a host country reduces inward foreign direct investment (FDI). In a benchmark estimation, an increase in the corruption level from that of Singapore to that of Mexico would have the same negative effect on inward FDI as raising the tax rate by fifty percentage points. Second, American investors are averse to corruption in host countries, but not necessarily more so than average OECD investors, in spite of the U.S. Foreign Corrupt Practices Act of 1977.
The Gulf War of 1991 Reconsidered subjects one of the formative events of the post-Cold War era and a watershed in Middle Eastern international politics to a comprehensive reassessment. Condidering ...events from Arab, Israeli and American view points, the book examines the Gulf War's historical origins, conduct and legacy.
In the decade following the first Gulf War, most observers regarded it as an exemplary effort by the international community to lawfully and forcefully hold a regional aggressor in check. ...Interpretations have changed with the times. The Gulf War led to the stationing of US troops in Saudi Arabia, an important contributing cause of the 9/11 attacks. The war also led to a long obsession with Saddam Hussein that culminated in a second, far longer, American-led war with Iraq. This book reevaluates the first Gulf War. It examines the war's origins, the war itself, its impact within the Arab world, and its long-term impact on military affairs and international relations.
Time and the Price Impact of a Trade Dufour, Alfonso; Engle, Robert F.
The Journal of finance (New York),
December 2000, Letnik:
55, Številka:
6
Journal Article
Recenzirano
Odprti dostop
We use Hasbrouck's (1991) vector autoregressive model for prices and trades to empirically test and assess the role played by the waiting time between consecutive transactions in the process of price ...formation. We find that as the time duration between transactions decreases, the price impact of trades, the speed of price adjustment to trade-related information, and the positive autocorrelation of signed trades all increase. This suggests that times when markets are most active are times when there is an increased presence of informed traders; we interpret such markets as having reduced liquidity.
When US-led forces invaded Iraq in 2003, they occupied a country that had been at war for 23 years. Yet in their attempts to understand Iraqi society and history, few policy makers, analysts and ...journalists took into account the profound impact that Iraq's long engagement with war had on the Iraqis' everyday engagement with politics, the business of managing their daily lives, and their cultural imagination. Drawing on government documents and interviews, Dina Rizk Khoury traces the political, social and cultural processes of the normalization of war in Iraq during the last twenty-three years of Ba'thist rule. Khoury argues that war was a form of everyday bureaucratic governance and examines the Iraqi government's policies of creating consent, managing resistance and religious diversity, and shaping public culture. Coming on the tenth anniversary of the US-led invasion of Iraq, this book tells a multilayered story of a society in which war has become the norm.
Moral hazard and sickness insurance Johansson, Per; Palme, Mårten
Journal of public economics,
09/2005, Letnik:
89, Številka:
9
Journal Article
Recenzirano
We study if the replacement level in the Swedish national sickness insurance, which replaces foregone earnings due to temporary illnesses, affects work absence behavior. We use micro data and ...estimate the effects of a major reform, whereby the replacement level during the first 90 days in each absence spell was reduced, on work attendance. To separate out the effect of the reform from any trend in work absence, we distinguish between the implications on the incidence of work absence (i.e., the frequency of spells) and the duration of the spells. We also use a regression-discontinuity approach to estimate the effects on the prevalence of work absence. Finally, we estimate elasticities with respect to the replacement level in the sickness insurance.
When Saddam Hussein's Iraq invaded Kuwait in August 1990, triggering the First Gulf War, a coalition of thirty-five countries led by the United States responded with Operation Desert Storm, which ...culminated in a one-hundred-hour coordinated air strike and ground assault that repelled Iraqi forces from Kuwait. Though largely forgotten in descriptions of the war, an eight-day barrage of artillery fire made this seemingly rapid offensive possible. At the forefront of this offensive were the brave field artillerymen known as "redlegs."
In Desert Redleg: Artillery Warfare in the First Gulf War, veteran and former redleg of the First Infantry Division Artillery (otherwise known as the "Big Red One") Col. L. Scott Lingamfelter recounts the logistical and strategic decisions that led to a coalition victory. Drawing on original battle maps, official reports, and his and his comrades' personal journals, Lingamfelter describes the experience of the First Gulf War through a soldier's eyes and attempts to answer the question of whether the United States "got the job done" in its first sustained Middle Eastern conflict. Part military history, part personal memoir, this book provides a boots-on-the-ground perspective on the largest US artillery bombardment since World War II.
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