Showing 1 - 10 of 54
What are the main causes of international terrorism? The lessons from the surge of academic research that followed 9/11 remain elusive. The careful investigation of the relative roles of economic and political conditions did little to change the fact that existing econometric estimates diverge...
Persistent link: https://www.econbiz.de/10012764240
What is the relationship between economic growth and its volatility? Does political instability affect growth directly or indirectly, through volatility? This paper tries to answer such questions using a power-ARCH framework with annual time series data for Argentina from 1896 to 2000. We show...
Persistent link: https://www.econbiz.de/10012766848
Despite macroeconomic evidence pointing to a negative aggregate consumption response due to political uncertainty, few papers have used microeconomic panel data to analyze how households adjust their consumption after an uncertainty shock. We study household savings and expenditure adjustment...
Persistent link: https://www.econbiz.de/10013031192
This paper investigates the relationship between political instability and labor market institutions. We develop a theoretical model in which some features of the political process, by reducing the future yields of policy interventions, induce an incumbent government to choose labor market...
Persistent link: https://www.econbiz.de/10013107712
We explore the determinants of state fragility in sub-Saharan Africa. Controlling for a wide range of economic, demographic, geographic and institutional regressors, we find that institutions, and in particular the civil liberties index and the number of revolutions, are the main determinants of...
Persistent link: https://www.econbiz.de/10013146481
This paper investigates the effects of financial development and political instability on economic growth in a power-ARCH framework with data for Argentina from 1896 to 2000. Our findings suggest that (i) informal or unanticipated political instability (e.g., guerrilla warfare) has a direct...
Persistent link: https://www.econbiz.de/10013324919
Using cross-country data, we find evidence for a significant negative interaction effect between democracy and inequality in determining the quality of growth-promoting institutions like rule of law. Democracy is associated with institutions of higher quality when inequality is lower
Persistent link: https://www.econbiz.de/10013316859
firms. We show theoretically that feedback incentives decrease the equilibrium bribe amount, but make firms with more … limits the scope for targeting and decreases the bribe amount to a lesser extent. We evaluate both schemes in a field …
Persistent link: https://www.econbiz.de/10012914336
bribe payers, people with the party links are more likely to offer bribes as well as think that bribe payments are expected …. Overall, our findings suggest that the proclivity to corruption of the former Communist party members has been transmitted … through family and thus sustained over time, contributing to corruption decades after the demise of the Socialist bloc …
Persistent link: https://www.econbiz.de/10012915719
some weight on domestic welfare. The investor may pay a bribe in return for a higher provisional contract price. After the … price or another bribe. Depending on the level of care for domestic welfare, greater bureaucratic centralization may …
Persistent link: https://www.econbiz.de/10012915722