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Election-induced fiscal policy cycles in emerging market and developing economies

Haan, Jakob de; Ohnsorge, Franziska; Yu, Shu - 2023

The widening of fiscal deficits during democratic elections is well established. We examine a broader set of fiscal outcomes around elections for a large set of emerging and developing economies (EMDEs), probe for differences between democracies and non-democracies, and estimate the degree to...

Persistent link: https://www.econbiz.de/10014447806

Mitigating liquidity constraints : public export credit guarantees in Germany

Felbermayr, Gabriel; Heiland, Inga; Yalçin, Erdal - 2012

Reportedly, firms often find it impossible to finance large and long-term projects despite positive net present values. Should governments step in and can their assistance be effective? This paper studies the case of public export credit guarantees in Germany. Covering the default risk of...

Persistent link: https://www.econbiz.de/10009580766

How important are foreign banks in the financial development of European transition countries?

Naaborg, Ilko; Scholtens, Bert; Haan, Jakob de; Bol, Hanneke - 2003

This paper analyzes the development of the banking sector in European transition countries. We find that, although bank assets increased during the 1990s, credit to the private sector remained relatively low. Foreign-owned banks have become major players in the financial system of these...

Persistent link: https://www.econbiz.de/10011404323

Transatlantic free trade : the view point of Germany

Felbermayr, Gabriel; Aichele, Rahel - 2014

The proposed Transatlantic Trade and Investment Partnership (TTIP) between the European Union and the United States of America would be the largest preferential trade agreement in the world. Encompassing almost half of world GDP, it will have strong economic effects on Germany. In this paper, we...

Persistent link: https://www.econbiz.de/10010469280

Rogue aid? : The determinants of China's aid allocation

Dreher, Axel; Fuchs, Andreas - 2011

Foreign aid from China is often characterized as "rogue aid" that is not guided by recipient need but by China …, covering the 1956-2006 period, to empirically test to which extent political and commercial interests shape China's aid … allocation decisions. We estimate the determinants of China's allocation of project aid, food aid, medical teams and total aid …

Persistent link: https://www.econbiz.de/10009302132

Analyzing systemic risk in the Chinese banking system

Huang, Qiubin; Haan, Jakob de; Scholtens, Bert - 2015

China. Although these measures show different patterns, our results suggest that systemic risk in the Chinese banking system …

Persistent link: https://www.econbiz.de/10011342308

Aid on demand : African leaders and the geography of China's foreign assistance

Dreher, Axel; Fuchs, Andreas; Hodler, Roland; Parks, Bradley - 2015

This article investigates whether China's foreign aid is particularly prone to political capture by political leaders … results show that current political leaders’ birth regions receive substantially larger financial ows from China than other …

Persistent link: https://www.econbiz.de/10011295794

Can aid buy foreign public support? : Evidence from Chinese development finance

Wellner, Lukas; Dreher, Axel; Fuchs, Andreas; Parks, Bradley - 2022

Bilateral donors use foreign aid to pursue soft power. We test the effectiveness of aid in reaching this goal by leveraging a new dataset on the precise commitment, implementation, and completion dates of Chinese development projects. We use data from the Gallup World Poll for 126 countries over...

Persistent link: https://www.econbiz.de/10013167192

Cutting through the value chain : the long-run effects of decoupling the East from the West

Felbermayr, Gabriel; Mahlkow, Hendrik; Sandkamp, … - 2022

With ever-increasing political tensions between China and Russia on one side and the EU and the US on the other, it …

Persistent link: https://www.econbiz.de/10013186412

Connective financing Chinese infrastructure projects and the diffusion of economic activity in developing countries

Bluhm, Richard; Dreher, Axel; Fuchs, Andreas; Parks, Bradley - 2020

This paper studies the causal effect of transport infrastructure on the spatial concentration of economic activity. Leveraging a new global dataset of geo-located Chinese government-financed projects over the period from 2000 to 2014 together with measures of spatial inequality based on...

Persistent link: https://www.econbiz.de/10012226698