Showing 1 - 10 of 188
resources are abundant, corruption widespread and educational attainment low. An extensive literature has examined the way in … corruption and education are interrelated and that both crucially depend on a country's endowment of natural resources. The key … these investments, output levels and growth. In this context, inequality plays a key role both as a determinant of the …
Persistent link: https://www.econbiz.de/10008793414
While methodologies and survey techniques recorded progress over the years, corruption measurement remains a many …-headed monster. Since 2003 and the first publication of Transparency International's Global Corruption Barometer, researchers have … access to population's feeling about the corruption scourge across institutions. Thereby, wider room emerged for populations …
Persistent link: https://www.econbiz.de/10009323507
This paper analyses the problems linked to the implementation of the Equal Labour Income Equalisation (ELIE) scheme proposed by Kolm (2005). It successively studies the influence of uncertainty in the knowledge of individual incomes, the impact of equivalence scales and finally the consequences...
Persistent link: https://www.econbiz.de/10008793731
Using individual-level data from a large number of countries, this paper examines how self-reported subjective well-being depends on own income and reference income, where reference income is defined as the income of professional peers. It uncovers a divide between "old" -low mobility- European...
Persistent link: https://www.econbiz.de/10010738753
In this paper, we analyze the interaction between corruption, taxation and economic growth. Our contributions are … twofold. Theoretically, in an endogenous growth model, we introduce corruption in two different ways: corruption in the public … expenditure and corruption in the public revenue. We show two opposing effects. Under certain conditions, corruption can affect …
Persistent link: https://www.econbiz.de/10008805920
monetary policies (through deficit and seigniorage respectively) deform the GLC. An empirical section based on a panel of …
Persistent link: https://www.econbiz.de/10008793465
provincial level. Using informal growth equation à la Barro [1991] and dynamic panel data estimation, we find conditional …
Persistent link: https://www.econbiz.de/10010738816
This paper proposes consistent moment selection procedures for generalized method of moments estimation based on the J …
Persistent link: https://www.econbiz.de/10010750451
Since the underlying of the weather derivatives is not a traded asset, these contracts cannot be evaluated by the traditional financial theory. Cao and Wei (2004) price them by using the consumption-based asset pricing model of Lucas (1978) and by assuming different values for the constant...
Persistent link: https://www.econbiz.de/10008793897
A curse of dimensionality arises when using the Continuum-GMM procedure to estimate large dimensional models. Two solutions are proposed, both of which convert the high di- mensional model into a continuum of reduced information sets. Under certain regularity conditions, each reduced information...
Persistent link: https://www.econbiz.de/10010899926