What we ve been reading: How post-pandemic labor policy reforms are key to creating more, better jobs worldbank.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from worldbank.org Daily Mail and Mail on Sunday newspapers.
Christian Helmers, Pramila Krishnan, Manasa Patnam
Car reviewers tend to be flown to far-off destinations where they “get into a new model, eat three stars, sleep five stars”, all paid for by the manufacturer (Van Putten 2020) (with Tesla reportedly being an exception; see Hogan 2020). Movie critics do their work while enjoying free meals and hotel accommodation in garden spots like Hawaii (Ravid et al. 2006).
In short, whenever expert reviewers conduct their work non-blind, they may be exposed to the tactics producers use to get a favourable review. Producers have a strong incentive to capture expert reviewers as their reviews are hugely influential (e.g. Ashenfelter and Jones 2013, Reinstein and Snyder 2005), next to other signals of product quality such as (online) word-of-mouth (Johnston et al. 2019). Falling for such tactics benefits the reviewer, is unlikely to be detected, and may be regarded as a harmless perk that comes with the job.
Limits to private climate change mitigation | VOX, CEPR Policy Portal voxeu.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from voxeu.org Daily Mail and Mail on Sunday newspapers.
Robert Johnson, Guillermo Noguera
The global engagement of a firm could range from none at all, to exporting and importing only, to exporting, importing and engaging in foreign direct investment. Research has shown that, for firms located in the US, the most globally engaged firms dominate both trade and investment. Bernard et al. (2009) find that multinational enterprises (MNEs) accounted for roughly 90% of US exports and imports of goods in 1993 and 2000. Bruner and Grimm (2019) find that MNEs accounted for roughly 90% of US exports and imports of selected services in 2011–2017. The dominance of MNEs in both trade and investment suggests that most international trade is associated with their global value chains (GVCs) and that the traditional notion of exports and imports representing transactions between producers and final consumers is in need of an update.
BIS - CBDCs: An Opportunity For The Monetary System mondovisione.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondovisione.com Daily Mail and Mail on Sunday newspapers.