Who Benefits And Who Loses From The Regionalization Of World Trade?

As regional blocs evolve, developing countries within blocs are prime beneficiaries.  Trade between developed countries in different blocs falls relative to theoretical predictions.  Many developing countries outside major blocs are the losers.  The primary factor driving evolving trade patterns is the lowering of barriers to trade (however defined).  As economic integration progresses, a trade zone may evolve into a common market, economic union, or monetary union, facilitating the lowering of trade and growth-inhibiting frictions. Furthermore, barriers to trade will continue to decline within a trade zone faster than between trade zones, but the benefits of economic integration will not be equally shared across all nations in a zone.  Policy implications and directions for future research are then discussed

Survey of the Federal Circuit\u27s Patent Law Decisions in 2006: A New Chapter in the Ongoing Dialogue with the Supreme Court

In 2006, the Federal Circuit decided only one portion of one patent case en banc, and that was done mainly as a procedural matter (the entire case was not argued to an en banc court) in order to reconcile prior conflicting precedent on the issue of induced patent infringement with the recent Supreme Court decision in Metro-Goldwyn-Mayer Studios, Inc. v. Grokster, Ltd., involving induced copyright infringement. But in light of the Supreme Court’s much more muscular review of the Federal Circuit’s patent cases—which may not even reflect the full extent of the Court’s interest in the Federal Circuit’s patent decisions—the relative paucity of en banc decisions in 2006 is understandable, and in many ways irrelevant to gaining a better understanding of the Federal Circuit’s patent law jurisprudence. In the pages that follow, we will address these and many other developments reflected in the Federal Circuit’s patent jurisprudence of 2006. And, as we did in our article surveying the Federal Circuit’s year 2000 jurisprudence, we again conclude with an addendum that discusses the statistical output of the Federal Circuit and its judges

Brief in Opposition

Brief in Opposition submitted by respondents Myriad Genetics et al, in opposition on petition for a Writ of Certiorari (No. 11-725

Survey of the Federal Circuit\u27s Patent Law Decisions in 2006: A New Chapter in the Ongoing Dialogue with the Supreme Court

In 2006, the Federal Circuit decided only one portion of one patent case en banc, and that was done mainly as a procedural matter (the entire case was not argued to an en banc court) in order to reconcile prior conflicting precedent on the issue of induced patent infringement with the recent Supreme Court decision in Metro-Goldwyn-Mayer Studios, Inc. v. Grokster, Ltd., involving induced copyright infringement. But in light of the Supreme Court’s much more muscular review of the Federal Circuit’s patent cases—which may not even reflect the full extent of the Court’s interest in the Federal Circuit’s patent decisions—the relative paucity of en banc decisions in 2006 is understandable, and in many ways irrelevant to gaining a better understanding of the Federal Circuit’s patent law jurisprudence. In the pages that follow, we will address these and many other developments reflected in the Federal Circuit’s patent jurisprudence of 2006. And, as we did in our article surveying the Federal Circuit’s year 2000 jurisprudence, we again conclude with an addendum that discusses the statistical output of the Federal Circuit and its judges

Macro economy, stock market and oil prices: Do meaningful relationships exist among their cyclical fluctuations?

This paper examines the relationship among consumer price index, industrial production, stock market and oil prices in Greece. Initially we use a unified statistical framework (cointegration and VECM) to study the data in levels. We then employ a multivariate VAR model to examine the relationship between the cyclical components of our series. The period of the study is from 1996:1 – 2008:6. Findings suggest that oil prices and the stock market exercise a positive effect on the Greek CPI, in the long run. Cyclical components analysis suggests that oil prices exercise significant negative influence to the stock market. In addition, oil prices are negatively influencing CPI, at a significant level. However, we find no effect of oil prices on industrial production and CPI. Finally, no relationship can be documented between the industrial production and stock market for the Greek market. The findings of this study are of a particular interest and importance to policy makers, financial managers, financial analysts and investors dealing with the Greek economy and the Greek stock market