And empirical research suggests that there is a link between high dividend pay-outs and good corporate governance.There are macroeconomic benefits as well, says Mr Kuijs.
"Very positive macroeconomic benefits" and "without precedent in Peru's modern economic history", but pathetic, if not disastrous, for the indigenous people living near where the gas is extracted.
No Promises on Liberalizing Telecoms, Banking 14. (C) U/S Otero and A/S Carson encouraged Meles to hasten steps to liberalize the telecommunications and banking industries in Ethiopia, and highlighted both the micro- and macroeconomic benefits of liberalization.
This article, from the current issue of The Economist, looks at the background to the meeting, at the recent history of family planning in developing countries, and especially at the personal and macroeconomic benefits from making it more widely available.
"An international currency union can only survive if it has strong fiscal coordination mechanisms that deliver the key macroeconomic benefits of a fiscal union," he told a Brussels research firm conference in September.
Both points are true, yet the fact remains that the macroeconomic benefits of the single market have been disappointing when compared with the high hopes the project aroused when it was launched.By the earlier standards of the European Commission itself, however, there has still been a big change for the better.
There are macroeconomic benefits in helping China diversify its investments (see my earlier post on China's global ambitions).
Recently, CBA can also include wider benefits, i.e. macroeconomic benefits that are not subsumed in the direct benefits (agglomeration effects, labour pooling, efficiency; see 3.2).
Energy efficiency programs are cost-effective; typical benefit cost ratios exceed 3 1 and are much higher when non-energy and macroeconomic benefits are included.
