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Internet Cluster Emergence
Quah, Danny - C.E.P.R. Discussion Papers - 1999
Internet development holds the promise of transmitting economic value across physical space at zero marginal cost. In such a 'weightless economy', what factors matter for the location of economic activity and thus for economic development? This paper sketches a model of spatial dynamics over a...
Persistent link: https://www.econbiz.de/10005791414
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Entry in Telecommunication: Customer Loyalty, Price Sensitivity and Access Prices
Lommerud, Kjell Erik; Sørgard, Lars - C.E.P.R. Discussion Papers - 2002
The purpose of this article is to investigate the prospects for entry into an existing network in the telecommunication …
Persistent link: https://www.econbiz.de/10005792516
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Investments and Network Competition
Cambini, Carlo; Valletti, Tommaso - C.E.P.R. Discussion Papers - 2003
This Paper analyses the incentives that operators have to invest in facilities with different levels of quality. A network of better quality is more expensive but may give an important edge to an operator when competing against a rival. We extend the framework of Armstrong-Laffont-Rey-Tirole by...
Persistent link: https://www.econbiz.de/10005504675
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Making Democracy Work: Culture, Social Capital and Elections in China
Padró i Miquel, Gerard; Qian, Nancy; Xu, Yiqing; Yao, Yang - C.E.P.R. Discussion Papers - 2015
This paper aims to show that culture is an important determinant of the effectiveness of formal democratic institutions …, such as elections. We collect new data to document the presence of voluntary and social organizations and the history of … elections. These results support the view that social capital complements democratic institutions such as elections. …
Persistent link: https://www.econbiz.de/10011213313
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Growth, Colonization, and Institutional Development: In and Out of Africa
Bertocchi, Graziella - C.E.P.R. Discussion Papers - 2011
This essay investigates the determinants of the growth performance of Africa. I start by illustrating a broader research agenda which accounts not only for basic economic and demographic factors, but also for the role of history and institutional development. After reporting results from...
Persistent link: https://www.econbiz.de/10009225960
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Transparency, Appropriability and the Early State
Mayshar, Joram; Moav, Omer; Neeman, Zvika - C.E.P.R. Discussion Papers - 2011
We propose a general theory that explains the extent of the state and accounts for related institutions as byproducts …
Persistent link: https://www.econbiz.de/10009283392
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Race v. Suffrage: The Determinants of Development in Mississippi
Bertocchi, Graziella; Dimico, Arcangelo - C.E.P.R. Discussion Papers - 2011
-9), as well as the impact of voting registration on education outcomes at different points in time, namely in 1917 and in the …-2000 period. Our main conclusion is that race, rather than political institutions and education policies, is the main force …
Persistent link: https://www.econbiz.de/10009321839
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How Effective Is Monetary Transmission in Developing Countries? A Survey of the Empirical Evidence
Mishra, Prachi; Montiel, Peter J; Spilimbergo, Antonio - C.E.P.R. Discussion Papers - 2011
This paper surveys the evidence on the effectiveness of monetary transmission in developing countries. We summarize the arguments for expecting the bank lending channel to be the dominant means of monetary transmission in such countries, and present a simple model that suggests why this channel...
Persistent link: https://www.econbiz.de/10009322980
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Monetary transmission in low income countries
Mishra, Prachi; Montiel, Peter J; Spilimbergo, Antonio - C.E.P.R. Discussion Papers - 2010
This paper reviews the monetary transmission mechanism in low income countries (LICs). We use monetary transmission in advanced and emerging markets as a benchmark to identify aspects of the transmission mechanism that may operate differently in LICs. In particular, we focus on the effects of...
Persistent link: https://www.econbiz.de/10008466328
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Sovereign Default, Domestic Banks and Financial Institutions
Gennaioli, Nicola; Martin, Alberto; Rossi, Stefano - C.E.P.R. Discussion Papers - 2010
private credit to decline. Stronger financial institutions boost default costs by amplifying these balance-sheet effects. This … public debt and financial institutions are stronger; in these same countries default is less likely. …
Persistent link: https://www.econbiz.de/10008466349