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The paper discusses the strong output decline in the countries of Central and Eastern Europe. It starts from the puzzling observation that the former CSFR, Hungary and Poland experienced a relatively similar decline in output in spite of completely different stabilization and transformation...
Persistent link: https://www.econbiz.de/10005123537
, imagination and independence in children) to five different measures of religiosity, including beliefs and attendance. We control …
Persistent link: https://www.econbiz.de/10011213308
We analyze the joint dynamics of religious beliefs, scientific progress and coalitional politics along both religious … but sometimes erode religious beliefs; (ii) a government, endogenously in power, that can allow such innovations to spread …
Persistent link: https://www.econbiz.de/10011262883
. Bayesian learning implies that beliefs about the likelihood of rare disasters drop to a much more pessimistic level once a … disaster has occurred. Such a shift in beliefs can trigger massive declines in price-dividend ratios. Pessimistic beliefs … between rational and adaptive Bayesian learning. Rational learners account for the possibility of future changes in beliefs in …
Persistent link: https://www.econbiz.de/10009201120
This paper reviews the literature on culture and economics, focusing primarily on the epidemiological approach. The epidemiological approach studies the variation in outcomes across different immigrant groups residing in the same country. Immigrants presumably differ in their cultures but share...
Persistent link: https://www.econbiz.de/10008466325
activity. This paper examines the accuracy of these perceptions by comparing Indonesian villagers' stated beliefs about … find that villagers' beliefs do contain real information, and that villagers are sophisticated enough to distinguish … there are biases in beliefs that may affect citizens' monitoring behaviour. For example, ethnically heterogeneous villages …
Persistent link: https://www.econbiz.de/10005791360
Much of the political economy analysis of reform focuses on the conflict of interest between groups that stand to gain … educational bureaucracy. It is documented that the beliefs of that bureaucracy differ substantially from those of the broader … entropy defines how predictable one’s occupation is as a function of one’s beliefs. Heritability is the weight of the family …
Persistent link: https://www.econbiz.de/10005011855
supply disturbances. Combining this framework with reasoned conjectures on how policy-makers' beliefs have changed helps …
Persistent link: https://www.econbiz.de/10005067633
fall in inflation in the 1980s was attributed to the changing beliefs informing monetary policy. To explain the escape in …
Persistent link: https://www.econbiz.de/10005504556
beliefs on the average propensity to trade of the other group. Since conflict disrupts trade, the onset of a conflict signals … that the aggressor has a low propensity to trade. Agents observe the history of conflicts and update their beliefs over … process whose frequency depends on the state of endogenous beliefs. Second, the probability of future conflicts increases …
Persistent link: https://www.econbiz.de/10009003383