Business Economist

A random walk down the world of business economics

Wednesday, March 28, 2012

Cigarette consumption between genders

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According to The Economist smoking is in the decline in Western Europe by 26% between 1990 to 2009 due to taxes, smoke-free policies and ed...
13 comments:
Monday, March 26, 2012

Slavery in Mauritania

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Slavery still exists in Mauritania today. According to the UN 10% to 20% of people still live in slavery. http://www.youtube.com/watch?v=5y...
2 comments:
Sunday, March 25, 2012

The changing demographic trends in London

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Barking and Dagenham, in east London. With the fastest-growing birth rate in greater London over the decade to 2010 (up 58%), it also faces...
1 comment:

Cuba's demographic challenges

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Cuba is getting older. “The typical Cuban family consists of two grandparents, two parents and one child,” says Jorge Mario Sánchez of CEE...
Friday, November 11, 2011

European macroeconomic figures

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The Economist published a very interesting macroeconomic figures comparing European countries regarding three main indicators; state of the...
Tuesday, October 18, 2011

Arab women

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The interesting article in The Economist discusses the position of women in the post-revolutionary era in the Arab world, in particularly i...
2 comments:
Saturday, September 10, 2011

The hidden side of China's economic growth

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The Economist posted an interesting article where the author Mr. Arvind Subramanian portrays the picture of world economy in the next 20 ye...
Monday, May 30, 2011

Oil wealth and democracy

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The recent study by Kevin K. Tsui ( link ) shed some important implications of the relationship between oil wealth and democratic governance...
Saturday, February 19, 2011

The Future of the Arab World

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The wave of revolutions in the Arab world has withheld authocratic political regimes in Tunisia and Egypt after weeks of violent protests an...
Thursday, December 9, 2010

Corruption and bribes

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The chart below shows the percentage of respondents in selected countries who willingly paid bribes to different service providers. The freq...
4 comments:
Wednesday, December 8, 2010

Colonial legacy and economic development

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In their newest study , Alexander Lee and Kenneth Schultz investigated the causes of widely divergent development outcomes in Northern and S...
Monday, December 6, 2010

Fertility, Earnings and Taxes

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The persistence of low fertility rate is one of the many factors inhibiting the stability of public pension systems in developed world. From...
1 comment:
Saturday, November 27, 2010

The Consequences of Lower Fertility Rate

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One of the major challenges that modern world has to face is the reduction of fertility rate. Lower fertility rate leads to demographic imba...
Tuesday, November 23, 2010

Unemployment rate and economic freedom

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Does increasing economic freedom raise the unemployment rate? To answer the question, I collected data on the unemployment rate and Index of...
142 comments:
Tuesday, October 26, 2010

The Strength of Corruption

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The Economist summarized the findings of the 2010 Corruption Perception Index. Corruption is still one of the main obstacles to prosperity ...
Wednesday, October 6, 2010

Obesity and employment

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A very interesting estimate by the OECD shows that women with low level of education are far more likely than men to become obese. WSJ poste...
2 comments:

Does education increase employment?

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The data supplied by the OECD indicate that going to college significantly increases the likelihood of employment. The graph shows the dist...
Tuesday, September 14, 2010

Why Cuba's economic model failed

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Fidel Castro, Cuba's long-standing dictator, recently confessed ( link ) to the American journalist that Cuba's communist political ...
Friday, September 10, 2010

Spain's labor market reform

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According to WSJ ( link ), Spain has finally implemented the broader reform of the labor market structure. Spain's 20 percent unemployme...
2 comments:
Monday, September 6, 2010

Should Bush tax cuts be extended?

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According to WSJ ( link ), the majority of surveyed economists in the U.S. suggests that Obama administration should extend personal income ...
Thursday, August 5, 2010

Natural resources and prosperity

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Does natural resource abundance lead to more wealth and higher growth? This is an ample question of economic growth theory. In addition, man...
1 comment:
Thursday, July 15, 2010

The economic nonsense of corporate income tax

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The share of corporate income tax in tax revenue has been growing in the last two decades in the majority of countries. Beginning in 1990s, ...
1 comment:
Wednesday, July 14, 2010

Benefits of immigration

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The Economist wrote an interesting article on the significance of migration and important spillovers from immigration into developed countr...
Monday, July 12, 2010

African economic development

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Could the 2010 World Cup bring an end to decade-long economic stagnation and poverty persistence on the African continent? Political and soc...
Friday, July 9, 2010

The impact of crisis on employment

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In recent days, Greek public sector workers have launched protests against government austersity measures which include a cutback in minimum...
Monday, June 21, 2010

Taxing soda drinks and fast food

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In the U.S., average Body Mass Index (BMI) for men is 26, one point above the critical level. Given widespread growth of childhood obesity, ...
2 comments:
Wednesday, May 19, 2010

US health expenditures

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The US has the highest percentage of health expenditure in OECD countries. The finding is surprising given the fact that the role of governm...
1 comment:
Saturday, May 15, 2010

Children living in one-parent households

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Evidence suggests that living in one-parent household increases the probability of child poverty. In the OECD, 85 percent of single-parent h...
Friday, May 14, 2010

Productivity gap between the US and OECD countries

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I collected data from the OECD on GDP per hour worked in each country as a percentage of the US level. The highest level of GDP per hour was...
Thursday, May 13, 2010

IMF Borrowing Crisis

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The graph shows 10 largest borrowing arrangements by International Monetary Fund (IMF). Recent $140 billion rescue package for Greece is one...

Italian Big Government

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The figure from The Economist showes that the number of official cars on the streets in Italy is 6 times as much as in the average European...
Tuesday, May 11, 2010

Mortgage crisis in the UK

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Bank of England published a very interesting survey of household financial conditions in the UK. The following graph shows quarterly percent...
1 comment:
Sunday, May 9, 2010

Youth unemployment in OECD

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Youth unemployment is one of the major macroeconomic problems in the OECD countries. High youth unemployment rates are a significant concern...
Saturday, May 8, 2010

How farm subsidies kill Europeans

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Cardiovascular diseases (CVDs) are the main cause of deaths in the Europe, approximately 49 percent of all deaths, out of which 30 percent o...
Friday, May 7, 2010

Taxing luxury yachts

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The lawmakers in Florida have considered cutting the 6 percent boat registration tax. Florida already has one of the highest sales taxes in ...
7 comments:
Wednesday, May 5, 2010

Doing Business in OECD

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Some of the issues that careful investor would consider when chosing the best country for doing business are the flexibility of the labor ma...
Tuesday, May 4, 2010

Economic freedom and the wealth of nations

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Today, I would like to present the impact of GDP per capita on economic freedom across the world in 2010. Economic freedom is a measure of c...
2 comments:
Monday, May 3, 2010

Corruption and economic welfare

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I collected data on GDP per capita and Corruption Perceptions Index (CPI) for 50 countries in the year 2009, disregarding the level of GDP ...
1 comment:
Sunday, May 2, 2010

Corruption eruption

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The Economist wrote an interesting article about corruption where it discussed the problematics of corrupion and why does it exist. The ans...
Friday, April 30, 2010

Arizona's immigration law

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The Economist published an article discussing the new Arizona's immigration law. Russell Pearce, an Arizona's state senator, propos...
Thursday, April 29, 2010

Tax and labor cost

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I composed a graph from Eurostat's database on tax wedge in EU, US, Iceland, Norway and Switzerland in 2008. Tax wedge is a measure of ...

Soccer Power Index

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Soccer Power Index is a statistical measure of team power in world soccer. It is an interesting tool to predict soccer match results. Count...

World Cup 2010

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Nate Silver published the statistical simulation of the 2010 World Cup. For each country, he calculated the probabilities of wining and adv...

Foreign direct investment in China's manufacturing industry

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The biggest foreign direct investor in China's manufacturing industy in 2005 was Hong Kong where a lot of multinational firms are locate...
1 comment:

Foreign auto producers in China

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Here is a graph showing the distribution of US, European and Japanese auto producers across location in Chinese manufacturing centres. As ca...

Tariffs and China's trade

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In 2001 China became the 143rd member of World Trade Organization (WTO). Since then, the country boosted trade liberalization in all sectors...
1 comment:
Tuesday, April 27, 2010

International comparison of housing prices

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The Economist collected quarterly data on housing prices between 2003 and 2009. It is interesting to see how housing markets in different co...
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Ursula Spruk
Exploring the globe of economics and business.
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