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Cultural and Institutional Bifurcation: China and Europe Compared
Greif, Avner; Tabellini, Guido - C.E.P.R. Discussion Papers - 2010
. How do culture and institutions interact in generating different evolutionary trajectories of societal organizations? Do …
Persistent link: https://www.econbiz.de/10008468568
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Globalization and Business Cycle Transmission
Artis, Michael J; Okubo, Toshihiro - C.E.P.R. Discussion Papers - 2008
The paper uses long-run GDP data for developed countries drawn from Maddison (2003) to generate deviation cycles for the period from 1870 to 2001. The cyclical deviates are examined for their bilateral cross-correlation values in three separate periods, those of the first globalization wave...
Persistent link: https://www.econbiz.de/10005792022
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On Identifying the Core of EMU: An Exploration of Some Empirical Criteria
Artis, Michael J; Zhang, Wenda - C.E.P.R. Discussion Papers - 1997
The paper reports strikingly high correlations of the cyclical components of industrial production between the participant countries in the ERM. Supplementing these correlations with criteria based on real exchange rate volatility, trade and monetary policy conformity, cluster analysis is used...
Persistent link: https://www.econbiz.de/10005123757
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Are European Business Cycles Close Enough to be Just One?
Camacho, Maximo; Pérez-Quirós, Gabriel; Sáiz Matute, … - C.E.P.R. Discussion Papers - 2005
We propose a comprehensive methodology to characterize the business cycle comovements across European economies and some industrialized countries, always trying to ‘let the data speak’. Out of this framework, we propose a novel method to show that there is no ‘Euro economy’ that acts as...
Persistent link: https://www.econbiz.de/10005124454
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Relational Contracts and Competitive Screening
Calzolari, Giacomo; Spagnolo, Giancarlo - C.E.P.R. Discussion Papers - 2009
We study the tension between competitive screening and contract enforcement where a principal trades repeatedly with one among several agents, moral hazard and adverse selection coexist, and non-contractible dimensions are governed by relational contracting. We simultaneously characterize...
Persistent link: https://www.econbiz.de/10005082534
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Endogenous Minimum Participation in International Environmental Treaties
Carraro, Carlo; Marchiori, Carmen; Oreffice, Sonia - C.E.P.R. Discussion Papers - 2004
Many international treaties come into force only after a minimum number of countries have signed and ratified the treaty. Why do countries agree to introduce a minimum participation constraint among the rules characterizing an international treaty? This question is particularly relevant in the...
Persistent link: https://www.econbiz.de/10005123732
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Optimal Procurement When Both Price and Quality Matter
Asker, John; Cantillon, Estelle - C.E.P.R. Discussion Papers - 2005
procedures used in practice, namely a quasilinear scoring auction and negotiation. Specifically, we characterize an upper bound … to what a quasilinear scoring auction and negotiation can achieve, and compare the performance of these procedures … numerically. Quasilinear scoring auctions are able to extract a good proportion of the surplus from being strategic. Negotiation …
Persistent link: https://www.econbiz.de/10005123964
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Religion and Innovation
Bénabou, Roland; Ticchi, Davide; Vindigni, Andrea - C.E.P.R. Discussion Papers - 2015
In earlier work (Bénabou, Ticchi and Vindigni 2013) we uncovered a robust negative association between religiosity and patents per capita, holding across countries as well as US states, with and without controls. In this paper we turn to the individual level, examining the relationship between...
Persistent link: https://www.econbiz.de/10011213308
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Culture, Institutions and Democratization
Gorodnichenko, Yuriy; Roland, Gérard - C.E.P.R. Discussion Papers - 2015
We construct a model of revolution and transition to democracy under an individualistic and a collectivist culture. The … culture are more likely to end up adopting democracy faster than countries with a collectivist culture. Our instrumental … variable estimation suggests a strong and robust effect of individualistic culture on average polity scores and length of …
Persistent link: https://www.econbiz.de/10011266531
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Product-Based Cultural Change: Is the Village Global?
Maystre, Nicolas; Olivier, Jacques; Thoenig, Mathias; … - C.E.P.R. Discussion Papers - 2009
This paper makes three contributions to the growing literature on culture and economics. Using answers to the World … cultural distance; (iii) trade openness has a lock-in effect on culture. Third, we test the model using an instrumental …
Persistent link: https://www.econbiz.de/10005082538