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Central Bank Boards Around the World : Why Does Membership Size Differ?
Berger, Helge - 2013
This paper analyzes empirically differences in the size of central bank boards across countries. Defining a board as the body that changes monetary instruments to achieve a specified target, we discuss the possible determinants of a board's size. The empirical relevance of these factors is...
Persistent link: https://www.econbiz.de/10012754018
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Global Sourcing of Complex Production Processes
Schwarz, Christian - 2011
We develop a theory of a firm in an incomplete contracts environment which decides on its complexity, organization, and …
Persistent link: https://www.econbiz.de/10013120903
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Construction of Composite Business Cycle Indicators in a Sparse Data Environment
Abberger, Klaus - 2011
Business cycle indicators are important instruments for monitoring economic development. When employing indicators one usually relies on a sound statistical database. This paper deals with indicator development in a sparse data situation. Indicator building is merged with temporal...
Persistent link: https://www.econbiz.de/10013120906
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A Commitment Theory of Subsidy Agreements
Brou, Daniel - 2012
the policy substitution problem. Finally, we employ the theory to analyze the Subsidies and Countervailing Measures (SCM …
Persistent link: https://www.econbiz.de/10013100012
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Commodity Windfalls, Polarization, and Net Foreign Assets : Panel Data Evidence on the Voracity Effect
Arezki, Rabah - 2013
This paper examines the effects that windfalls from international commodity price booms have on net foreign assets in a panel of 145 countries during the period 1970-2007. The main finding is that windfalls from international commodity price booms lead to a significant increase in net foreign...
Persistent link: https://www.econbiz.de/10013092044
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Pollution, Shadow Economy and Corruption : Theory and Evidence
Biswas, Amit K. - 2013
We study how the shadow economy affects pollution and how this effect depends on corruption levels in public administration. Production in the shadow economy allows firms to avoid environmental regulation policies; a large informal sector may be accompanied by higher pollution levels. Our...
Persistent link: https://www.econbiz.de/10013092159
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Investor Protection and Foreign Stakeholders
Giofré, Maela - 2014
Different investor classes are endowed with different rights, and conflicting interests among them can make protections afforded to one party detrimental to another. Indeed, we find that investor protection laws have sizeable "cross" effects on foreign portfolio investment and the direction of...
Persistent link: https://www.econbiz.de/10013069664
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Information Transmission and Ownership Consolidation in Aid Programs
Dreher, Axel - 2013
support. Budget support increases the involvement of recipient governments in the decision-making process and can thus be an … example of a “delegation-scheme.” Conversely, project aid represents a more “centralized” type of aid. According to the theory …
Persistent link: https://www.econbiz.de/10013073609
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Information Transmission within Federal Fiscal Architectures : Theory and Evidence
Dreher, Axel - 2013
-agent framework, it analyzes two alternative policy-decision schemes — ‘decentralization' and ‘centralization' — when ‘knowledge … government levels. It is shown that, depending on which level of policy decision-making controls the degree of decentralization … optimal choice of policy-decision schemes. The empirical analysis shows that countries' choices depend on the relative …
Persistent link: https://www.econbiz.de/10013075612
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Polarized Education Levels and Civil War
Canavire-Bacarreza, Gustavo Javier - 2017
This paper suggests that societies exhibiting a large degree of educational polarization among its populace are systematically more likely to slip into civil conflict and civil war. Intuitively, political preferences and beliefs of highly educated citizens are likely to differ fundamentally from...
Persistent link: https://www.econbiz.de/10012964049