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Acemoglu, Daron; Robinson, James A - C.E.P.R. Discussion Papers - 1999

unrest or revolution, and this may force the elite to democratize. Democracy may not consolidate because it is more … redistributive than a nondemocratic regime, and this gives the elite an incentive to mount a coup. Because inequality makes democracy … more costly for the elite, highly unequal societies are less likely to consolidate democracy and may end up oscillating …

Persistent link: https://www.econbiz.de/10005661707

Inequality and Growth

Bénabou, Roland - C.E.P.R. Discussion Papers - 1996

capital markets theories. It allows for departures from perfect democracy and embodies the trade-off between the growth costs …

Persistent link: https://www.econbiz.de/10005123982

Two to Tangle: Financial Development, Political Instability and Economic Growth in Argentina (1896-2000)

Campos, Nauro F; Karanasos, Menelaos; Tan, Bin - C.E.P.R. Discussion Papers - 2008

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/10005114221

Who is Afraid of Political Instability?

Campos, Nauro F - C.E.P.R. Discussion Papers - 2000

An unstable macroeconomic environment is often regarded as detrimental to economic growth. Among the sources contributing to such instability, the literature has assigned most of the blame to political issues. This paper empirically tests for a causal and negative long-term relationship between...

Persistent link: https://www.econbiz.de/10005504467

International Terrorism, Political Instability and the Escalation Effect

Campos, Nauro F; Gassebner, Martin - C.E.P.R. Discussion Papers - 2009

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/10005029291

Investment and Instability

Campos, Nauro F; Nugent, Jeffrey B - C.E.P.R. Discussion Papers - 2000

Although recent research has repeatedly found a negative association between investment and political instability, the existence and direction of causality between these two variables has not yet been investigated. This paper empirically tests for such a causal and negative long-run relationship...

Persistent link: https://www.econbiz.de/10005791838

Macroinsurance for Microenterprises: A Randomized Experiment in Post-Revolution Egypt

McKenzie, David - C.E.P.R. Discussion Papers - 2014

Firms in many developing countries cite macroeconomic instability and political uncertainty as major constraints to their growth. Economic theory suggests uncertainty can cause firms to delay investments until uncertainty is resolved. We conduct a randomized experiment in post-revolution Egypt...

Persistent link: https://www.econbiz.de/10011084029

Growth, Volatility and Political Instability: Non-Linear Time-Series Evidence for Argentina, 1896-2000

Campos, Nauro F; Karanasos, Menelaos - C.E.P.R. Discussion Papers - 2007

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/10005667076

The Age of Mass Migration: Economic and Institutional Determinants

Bertocchi, Graziella; Strozzi, Chiara - C.E.P.R. Discussion Papers - 2007

evaluate separately the impact of political institutions linked to democracy and suffrage and of those institutions more …

Persistent link: https://www.econbiz.de/10005124196

To Segregate or to Integrate: Education Politics and Democracy

de la Croix, David; Doepke, Matthias - C.E.P.R. Discussion Papers - 2006

The governments of nearly all countries are major providers of primary and secondary education to their citizens. In some countries, however, public schools coexist with private schools, while in others the government is the sole provider of education. In this study, we ask why different...

Persistent link: https://www.econbiz.de/10005124295