WORKING PAPERS
November, 2009
The Cross-Border Financial Impact of Violence
By Mohamad M. Al-Ississ, Former Research Fellow, The Dubai Initiative
This paper argues that violent events have two economic effects: a direct loss from the destruction of physical and human capital, and a reallocation of financial and economic resources. It documents the positive cross-border impact that follows violent events as a result of this reallocation. Thus, it reconciles the two existing perspectives in the literature on whether violence has a small or large economic effect. Our results show that, in globally integrated markets, the substitution of financial and economic activities away from afflicted countries magnifies their losses. This study evaluates certain factors affecting the impact of violence in non-event countries. Geographic distance from the event country is not monotonic in its effect on the valuation of equities of other countries. Also, the safer a non-event country is perceived to be relative to the event country, the greater the positive impact on its financial market. Finally, event countries with deeper financial markets are less susceptible to capital reallocation following an event.
2003
"Women in the Northern Ireland Peace Process: A Novel Use of Expected Utility in Bridging the Gap between the Quantitative Scholars and the Policy Pundits"
By Marie Besançon, Former Associate, International Security Program/Initiative on Religion and International Affairs, 2008; Research Fellow, ISP, 2006–2007; ISP/Governance Initiative in the Middle East, 2005–2006; Intrastate Conflict Program, 2003–2006; ISP/WAPPP, 2002–2003
Beginning the process of bridging the gap between the quantitative scholars and the policy community, I draw on an expected utility model to analyze the perceptions that the various parties in Northern Ireland have of the Northern Ireland Women's Coalition and to assess the effectiveness of their strategy toward achieving disarmament in the peace process.
Sex, Resource Equality and Conflict Intensity in Civil Wars
By Marie Besançon, Former Associate, International Security Program/Initiative on Religion and International Affairs, 2008; Research Fellow, ISP, 2006–2007; ISP/Governance Initiative in the Middle East, 2005–2006; Intrastate Conflict Program, 2003–2006; ISP/WAPPP, 2002–2003
Gender Measures, State Stability and Soft Power
By Marie Besançon, Former Associate, International Security Program/Initiative on Religion and International Affairs, 2008; Research Fellow, ISP, 2006–2007; ISP/Governance Initiative in the Middle East, 2005–2006; Intrastate Conflict Program, 2003–2006; ISP/WAPPP, 2002–2003
Measuring Capacity and Willingness for Poverty Reduction in Difficult Environments
By Marie Besançon, Former Associate, International Security Program/Initiative on Religion and International Affairs, 2008; Research Fellow, ISP, 2006–2007; ISP/Governance Initiative in the Middle East, 2005–2006; Intrastate Conflict Program, 2003–2006; ISP/WAPPP, 2002–2003
May 2008
"Labor Regulations and European Industrial Specialization: Evidence from Private Equity Investments"
By Ant Bozkaya, Former Research Fellow, International Security Program, 2008–2009; Science, Technology, and Public Policy Program, 2005–2009; Dubai Initiative, 2007–2008 and William Kerr
European nations empirically substitute between employment protection regulations and labor market expenditures like unemployment insurance benefits in the provision of labor market insurance to workers. While perhaps substitutes from a worker's perspective, employment regulations more directly tax firms making frequent labor force adjustments. These labor adjustments are especially important for the portfolio companies of both venture capital and buy-out investors. European nations providing worker insurance through labor market expenditures developed stronger domestic private equity markets over the 1990-2004 period than those nations favoring employment protection. These patterns are further evident in US-sourced private equity investments into Europe. Moreover, tests for industry specialization suggest that countries with more flexible labor markets tend to specialize in sectors characterized by high labor volatility. These results are relevant to the literature examining the impact of labor market regulations on entrepreneurship and productivity growth due to reallocation across firms and sectors.
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October 11, 2005
"Ensuring (and Insuring?) Critical Information Infrastructure Protection"
By Kenneth Neil Cukier, Viktor Mayer-Schoenberger, Faculty Affiliate and Lewis M. Branscomb, Director Emeritus of the Science, Technology and Public Policy Program; Professor Emeritus of Public Policy and Corporate Management
The participants...were largely optimistic that provided market forces could be brought to bear on the issue of critical information infrastructure protection, many of today’s challenges could be alleviated.
April 24, 1997
"Investing in Innovation: Toward A Consensus Strategy for Federal Technology Policy"
By David Hart, Former Associate Professor of Public Policy, Harvard Kennedy School and Lewis M. Branscomb, Director Emeritus of the Science, Technology and Public Policy Program; Professor Emeritus of Public Policy and Corporate Management
November 15, 2001
"From Science to Policy: Assessing the Assessment Process"
By William Clark, Harvey Brooks Professor of International Science, Public Policy, and Human Development; Co-director, Sustainability Science Program; Faculty Chair, ENRP; and David Cash, Former Research Associate, 1997-2000; Former Research Fellow, Environment and Natural Resources Program, 2000-2001
November 15, 2001
"From Science to Policy: Assessing the Assessment Process"
By William Clark, Harvey Brooks Professor of International Science, Public Policy, and Human Development; Co-director, Sustainability Science Program; Faculty Chair, ENRP; and David Cash, Former Research Associate, 1997-2000; Former Research Fellow, Environment and Natural Resources Program, 2000-2001
