Saturday, November 13, 2010

"Throwing Free Trade Overboard"

Op-Ed: "Throwing Free Trade Overboard"
By ROBERT E. LIGHTHIZER On the influence of the Tea Party towards a more protectionist foreign trade policy in the USA.
Published by the New York Times: November 12, 2010

Friday, November 5, 2010

How to Restore the American Dream

Aprecie ao ler esta história recentemente publicada na revista Time como os Eua (e todos nós) estamos a sentir o impacto da globalização (=China?) e do progresso tecnológico.How to Restore the American Dream

Sunday, October 31, 2010

Relatório da Transparência Internacional Corrupção: Portugal na 32.ª posição entre 178 países 26.10.2010

Portugal surge na 32.ª posição no quadro dos 178 países analisados pela Transparência Internacional (TI) quanto à percepção da corrupção, quando em 2009 aparecia em 35.º lugar, que foi o pior ranking de sempre para o país desde 2000.
Pode ler o resto da notícia do Público clicando aqui. E aceder ao sítio da Transparency International e ao mais recente relatório clicando aqui.

Saturday, October 30, 2010

"The Impact of Government Spending on the Private Sector: Crowding-out versus Crowding-in Effects"

"It is doubtless a source of great mystery to the public why economists are unable to agree on the answer to a simple question: will austerity plans, such as those announced in Britain [and in Portugal] this month, be good or bad for the economy?"
You may keep reading this ed-piece from The Economist after clicking here.

In it there is a reference to a recently published paper by a team of 2 economists, one of whom is a member of UMinho's NIPE research center, Ricardo Sousa, with the title above.

Here is this Paper Abstract:
"The aim of this paper is to analyze the impact of government spending on the private
sector, assessing the existence of crowding-out versus crowding-in effects. Using a
panel of 145 countries from 1960 to 2007, the results suggest that government spending
produces important crowding-out effects, by negatively affecting both private
consumption and investment. Moreover, while the effects do not seem to depend on the
different phases of economic cycle, they vary considerably among regions. The results
are economically and statistically significant, and robust to several econometric
techniques." You may download and read it from here.