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Decentralization, Happiness, and the Perception of Institutions

Diaz-Serrano, Luis; Rodriguez-Pose, Andres - C.E.P.R. Discussion Papers - 2011

Europe deliver greater satisfaction with political institutions and lead to greater personal happiness. The analysis uses …

Persistent link: https://www.econbiz.de/10009001061

Are Russian Commercial Courts Biased? Evidence from a Natural Bankruptcy Experiment

Lambert-Mogiliansky, Ariane; Sonin, Konstantin; … - C.E.P.R. Discussion Papers - 2006

We study the nature of judicial bias in bankruptcy proceedings following the enactment of bankruptcy law in Russia in 1998. We find that regional political characteristics affected judicial decisions about the numbers and types of bankruptcy procedures initiated after the law took effect. In...

Persistent link: https://www.econbiz.de/10005123934

The Redistributive Effects of the EU Budget: an Analysis and Some Reflections on the Agenda 2000 Negotiations

de la Fuente, Angel; Doménech, Rafael - C.E.P.R. Discussion Papers - 1999

This paper analyzes the redistributive effects of the EU budget during the period 1986-97 and advances a proposal for setting member countries' budgetary balances in a manner consistent with a simple equity criterion based on relative income per capita.

Persistent link: https://www.econbiz.de/10005791627

Capture of Bankruptcy: Theory and Evidence from Russia

Lambert-Mogiliansky, Ariane; Sonin, Konstantin; … - C.E.P.R. Discussion Papers - 2000

Laws that work well in a rule-of-law country may produce unexpected outcomes in a corrupt environment. We argue that the legal system in Russia is faulted by the capture of regional divisions of arbitrage courts. We analyse the consequences of this for the efficiency of Russian bankruptcy law....

Persistent link: https://www.econbiz.de/10005656302

Fiscal Flows in the United States and Canada: Lessons for Monetary Union in Europe

Bayoumi, Tamim; Masson, Paul R - C.E.P.R. Discussion Papers - 1994

Regional flows of federal taxes and transfers within the United States and Canada are used to analyse long-term fiscal flows (the redistributive element) and short-term responses to regional business cycles (the stabilization element). In the United States, long-run flows amount to 22 cents in...

Persistent link: https://www.econbiz.de/10005661584

The Growth Effect of Democracy: Is It Heterogeneous and How Can It Be Estimated?

Persson, Torsten; Tabellini, Guido - C.E.P.R. Discussion Papers - 2007

parametric estimates may have seriously underestimated the growth effects of democracy. In particular, we find an average … negative effect on growth of leaving democracy on the order of -2 percentage points implying effects on income per capita as …

Persistent link: https://www.econbiz.de/10005124474

Democracy and Foreign Education

Spilimbergo, Antonio - C.E.P.R. Discussion Papers - 2006

Do foreign educated individuals play a role in promoting democracy in their home country? Despite the large amount of … foster democracy in their home countries. Using a unique panel dataset on foreign students starting from 1950, I show that … indeed foreign-educated individuals promote democracy in their home country, but only if the foreign education is acquired in …

Persistent link: https://www.econbiz.de/10005791894

The Economics of Secession – Analysing the economic impact of the collapse of the former Yugoslavia

Rodriguez-Pose, Andres; Stermsek, Marko - C.E.P.R. Discussion Papers - 2014

This paper looks at the economic impact of secession through the lens of the disintegration of the former Yugoslavia. It uses an econometric analysis covering the period between 1956 and 2011 – including a series of factors linked to the independence process, socioeconomic and structural...

Persistent link: https://www.econbiz.de/10011083216

Of Religion and Redemption: Evidence from Default on Islamic Loans

Baele, Lieven; Farooq, Moazzam; Ongena, Steven - C.E.P.R. Discussion Papers - 2011

Do religious beliefs affect real economic decisions? We investigate this fundamental question by comparing default rates on conventional and Islamic loans using a comprehensive monthly dataset from Pakistan that follows more than 150,000 loans over the period 2006:04 to 2008:12. We find robust...

Persistent link: https://www.econbiz.de/10009209832

Competition and Well-Being

Brandts, Jordi; Riedl, Arno; Winden, Frans A.A.M. van - C.E.P.R. Discussion Papers - 2006

This paper experimentally studies the effects of competition in an environment where people's actions can not be contractually fixed. We find that, in comparison with no competition, the presence of competition does neither increase efficiency nor does it yield any gains in earnings for the...

Persistent link: https://www.econbiz.de/10005123778

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