Small is beautiful

By Tim Phillips, CORE
Wed 12th October 2016 | Blog

Because electronic publishing means we can we publish the URLs of our sources and data, we created our own URL shortener. So, welcome the “tinyco.re” domain, which we will use to publish links in future, online, in our ebook and in our printed material. As a result the cumbersome

http://faculty.econ.ucdavis.edu/faculty/gclark/Farewell to Alms/Allen_JEL_Review.pdf

becomes the much neater:

tinyco.re/4009062

The “.re” suffix that our shortener uses is the top-level domain (TLD) for Réunion, whose government has been earning revenue by selling .re registrations internationally since 2011, mostly to real estate companies. By coincidence the public Université de La Réunion is one of our most successful pilot universities, teaching CORE to 2000 students every year.

Réunion can survive perfectly well without the registration fee from the .re domain, but TLDs are economically significant for some economies. For example the nine islands that make up Tuvalu (right), 13,000km from Réunion, will earn $6.3 million in each of 2016 and 2017 from selling rights to use the “.tv” at the end of a URL. For Tuvalu, that represents 13.8% and 13.4% of GDP, in an economy that is under threat from environmental degradation and climate change. According to the IMF the happy accident of its .tv TLD has helped Tuvalu survive the global financial crisis and build for the future. If you want to know more you can read the report of the IMF’s 2016 IMF Article IV consultation by going to

http://www.imf.org/external/pubs/ft/scr/2016/cr16323.pdf

Or, as we prefer to publish it these days,

tinyco.re/9345124