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Media Freedom, Bureaucratic Incentives and the Resource Curse

Egorov, Georgy; Guriev, Sergei; Sonin, Konstantin - C.E.P.R. Discussion Papers - 2006

How can a non-democratic ruler provide proper incentives for state bureaucracy? In the absence of competitive elections …

Persistent link: https://www.econbiz.de/10005123655

Bureaucracy as a Mechanism to Generate Information

Novaes, Walter; Zingales, Luigi - C.E.P.R. Discussion Papers - 2003

Paper argues that the thin line between efficient management practices and inefficient bureaucracy is crossed to curb … managerial agency costs in a multi-layer hierarchy. The model predicts that bureaucracy increases with the frequency of … managerial turnover, and it establishes a link between bureaucracy, incentive schemes, and leverage in a cross-section of firms. …

Persistent link: https://www.econbiz.de/10005504447

Optimal Patronage

Drugov, Mikhail - C.E.P.R. Discussion Papers - 2015

We study the design of promotions in an organization where agents belong to groups that advance their cause. Examples and applications include political groups, ethnicities, agents motivated by the work in the public sector and corruption. In an overlapping generations model, juniors compete for...

Persistent link: https://www.econbiz.de/10011145475

Common Factors in Latin America’s Business Cycles

Aiolfi, Marco; Catão, Luis A. V.; Timmermann, Allan G - C.E.P.R. Discussion Papers - 2010

We develop a common factor approach to reconstruct new business cycle indices for Argentina, Brazil, Chile, and Mexico ("LAC-4") from an unprecedentedly comprehensive dataset spanning 135 years. We establish the robustness of our indices through a variety of tests, use the indices to explore...

Persistent link: https://www.econbiz.de/10008468545

Institutions and the Historical Roots of Latin American Divergence

Bértola, Luis - C.E.P.R. Discussion Papers - 2010

In this essay we analyze the relation between long-term growth and institutional development. Relative backwardness has been a constant feature of the history of Latin America. In the wake of Independence the gap between Latin America and the industrializing world was already wide and widened...

Persistent link: https://www.econbiz.de/10008468602

Lost Decades: Lessons from Post-Independence Latin America for Today's Africa

Bates, Robert H; Coatsworth, John H; Williamson, Jeffrey G - C.E.P.R. Discussion Papers - 2006

Africa and Latin America secured their independence from European colonial rule a century and half apart: most of Latin America after 1820 and most of Africa after 1960. Despite the distance in time and space, they share important similarities. In each case independence was followed by political...

Persistent link: https://www.econbiz.de/10005136542

Lending Booms: Latin America and the World

Gourinchas, Pierre-Olivier; Landerretche, Oscar; … - C.E.P.R. Discussion Papers - 2001

Recent theories on the origins of crises put lending booms at the root of financial collapses. Yet lending booms may be a natural consequence of economic development and fluctuations. So, are lending booms dangerous? In this Paper, we investigate this question empirically using a broad sample of...

Persistent link: https://www.econbiz.de/10005136756

Export Diversification: What’s behind the Hump?

Cadot, Olivier; Carrère, Céline; Strauss-Kahn, Vanessa - C.E.P.R. Discussion Papers - 2007

The paper explores the evolution of export diversification patterns along the economic development path. Using a large database with 159 countries over 17 years at the HS6 level of disaggregation (4’998 product lines) we look for action at the “intensive” and “extensive” margins...

Persistent link: https://www.econbiz.de/10005067655

Trade and the Skill Premium Puzzle with Capital Market Imperfections

Bonfatti, Roberto; Ghatak, Maitreesh - C.E.P.R. Discussion Papers - 2011

An interesting puzzle is that trade liberalization in the 1980s and 1990s has been associated with a sharp increase in the skill premium in both developed and developing countries. This is in contrast with neoclassical theory, according to which trade should increase the relative return of the...

Persistent link: https://www.econbiz.de/10008865971

The Argentina Paradox: Microexplanations and Macropuzzles

Taylor, Alan M. - C.E.P.R. Discussion Papers - 2014

The economic history of Argentina presents one of the most dramatic examples of divergence in the modern era. What happened and why? This paper reviews the wide range of competing explanations in the literature and argues that, setting aside deeper social and political determinants, the various...

Persistent link: https://www.econbiz.de/10011083510