Economics & Global Affairs

1843 Items

How sovereign wealth funds are inflating the Silicon Valley bubble

Flickr/Steve Jurvetson

Analysis & Opinions - The Conversation

How Sovereign Wealth Funds Are Inflating the Silicon Valley Bubble

| Aug. 21, 2018

Elon Musk jolted markets and shareholders when he tweeted his intention to take his electric car company, Tesla, private. Saudi billions, he proposed, could help the company escape the pressures of being publicly listed. In a blog post, Musk said that “the Saudi Arabian sovereign wealth fund [had] approached [him] multiple times about taking Tesla private”.

Russian President Vladimir Putin

Press Service of the President of the Russian Federation

Analysis & Opinions - Australian Broadcasting Corporation

New US sanctions against Russia over Skripal poisoning

| Aug. 09, 2018

The United States is hitting Russia with new sanctions to punish President Vladimir Putin's government for using a nerve agent against a former spy and his daughter in Britain. The US State Department says the Trump Administration has determined that Russia has used chemical or biological weapons in violation of international law, but the action comes five months after the US expelled more than 50 Russian diplomats in retaliation for the same poisoning.

A person types on a laptop keyboard in North Andover, Mass, June 19, 2017. (AP Photo/Elise Amendola)

AP Photo/Elise Amendola

Paper - Cyber Security Project, Belfer Center

(Why) Is There a Public/Private Pay Gap?

| August 2018

The government is facing a severe shortage of skilled workers, especially in information technology and cyber security jobs. The conventional wisdom in branches of policy and public administration is that the shortage is driven by low salaries that are not competitive for attracting top talent. Using longitudinal data on high skilled workers between 1993 and 2013, this paper shows that, if anything, government employees earn more than their private sector counterparts. Although government workers tend to earn less in the raw data, these differences are driven by the correlation between unobserved ability and selection into private sector jobs. These results are robust to additional data from the Census Bureau between 2005 and 2016. Instead, this paper shows that a more plausible culprit behind the worker shortage in government is a lack of development opportunities and poor management.

Iran Currency

AP Photo/Vahid Salemi

Blog Post - Iran Matters

Is Iran's Economy Collapsing?

    Author:
  • Arash Pourebrahimi
| Aug. 07, 2018

Iran’s economy is having difficulties for sure but is far from “collapsing”. While the Iranian rial has lost more than 50 percent of its value against the US dollar in the unofficial market since January 2018, this is nothing new for Iran’s economy. Every president since the end of Iran-Iraq war had to deal with a sort of analogous currency crisis.