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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

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

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

A Theory of Political Transitions

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

We develop a theory of political transitions inspired in part by the experiences of Western Europe and Latin America. Nondemocratic societies are controlled by a rich elite. The initially disenfranchised poor can contest power by threatening social unrest or revolution, and this may force the...

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

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

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

Inequality and Growth

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

Using two unifying models and an empirical exercise, this paper presents and extends the main theories linking income distribution and growth, as well as the relevant empirical evidence. The first model integrates the political-economy and imperfect capital markets theories. It allows for...

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

The Determinants of Asset Stripping: Theory and Evidence from the Transition Economies

Campos, Nauro F; Giovannoni, Francesco - C.E.P.R. Discussion Papers - 2005

During the transition from plan to market, managers and politicians succeeded in maintaining control of large parts of the stock of socialist physical capital. Despite the obvious importance of this phenomenon, there have been no efforts to model, measure and investigate this process...

Persistent link: https://www.econbiz.de/10005504218

Can Openness Deter Corruption? The Role of Foreign Direct Investment

Larrain B., Felipe; Tavares, José - C.E.P.R. Discussion Papers - 2007

The economics literature provides ample evidence that higher corruption discourages FDI inflows. In this paper we … inflows on corruption. We present a simple model that illustrates the two-way relationship between foreign direct investment … and corruption, identifying exactly the direction of causality that we address: how do “exogenous“ variations in FDI …

Persistent link: https://www.econbiz.de/10005504415

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