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The Political Economy of Educational Content and Development: Lessons from History
Cantoni, Davide; Yuchtman, Noam - CESifo - 2013
. Individuals’ choices of educational content are often shaped by the political economy of government policies that determine the … equilibrium outcome of private decisions and government policy choices. We then illustrate these dynamics in two historical …
Persistent link: https://www.econbiz.de/10010643339
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Do Weak Institutions Prolong Crises? On the Identification, Characteristics, and Duration of Declines during Economic Slumps
Bluhm, Richard; Crombrugghe, Denis de; Szirmai, Adam - CESifo - 2014
This paper defines economic slumps as sequences of structural breaks exhibiting a specific pattern. We identify 58 such episodes between 1950 and 2008 among 138 countries, and then examine the phases of decline and their duration. In some countries declines last extremely long, and we put...
Persistent link: https://www.econbiz.de/10010736742
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Fiscal Federalism, Decentralization and Economic Growth: Survey and Meta-Analysis
Baskaran, Thushyanthan; Feld, Lars P.; Schnellenbach, Jan - CESifo - 2014
The theoretical literature on the economics of fiscal federalism has identified several potential effects of government … innovate and carry out reforms. On the contrary, some authors argue that decentralization increases corruption and government …
Persistent link: https://www.econbiz.de/10010948879
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Stock Markets, Banks and Long Run Economics Growth: A Panel Cointegration-Based Analysis
Cavenaile, Laurent; Gengenbach, Christian; Palm, Franz - CESifo - 2013
The aim of this paper is to investigate the long run relationship between the development of banks and stock markets and economic growth. We make use of a Johansen-based panel cointegration methodology allowing for cross-country dependence to test the number of cointegrating vectors among these...
Persistent link: https://www.econbiz.de/10010723543
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Revisiting the Link between Growth and Federalism: A Bayesian Model Averaging Approach
Asatryan, Zareh; Feld, Lars P. - CESifo - 2013
Following the ambiguous results in the literature aimed at understanding the empirical link between fiscal federalism and economic growth, this paper revisits the question using a Bayesian Model Averaging approach. The analysis suggests that the failure to appropriately account for model...
Persistent link: https://www.econbiz.de/10010690384
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Diversification, Dutch Disease, and Economic Growth: Options for Uganda
Gylfason, Thorvaldur; Nganou, Jean-Pascal Nguessa - CESifo - 2014
Natural resource discoveries, even when fairly modest in terms of the revenues they are expected to generate, can have significant macroeconomic effects and implications for the conduct of fiscal and monetary policy. In this respect, Uganda is no different from other oil-rich countries. In five...
Persistent link: https://www.econbiz.de/10011093976
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Autocratic Transitions and Growth
Nannicini, Tommaso; Ricciuti, Roberto - CESifo - 2010
statistical framework, in a panel of 160 countries, we focus on 14 episodes of transition from democracy to autocracy. We find …
Persistent link: https://www.econbiz.de/10008572505
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Towards Behavioral Political Economy of Institutional Change: With Field Facts from China
Zhang, Yongjing; Wang, Mei - CESifo - 2014
institutional changes as central government’s choices under uncertainty, which are largely driven by the strategic outcomes in a …
Persistent link: https://www.econbiz.de/10010948883
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Income Inequality, Capitalism and Ethno-Linguistic Fractionalization
Sturm, Jan-Egbert; Haan, Jakob de - CESifo - 2015
We examine the relationship between capitalism and income inequality for a large sample of countries using an adjusted … economic freedom index as proxy for capitalism and Gini coefficients based on gross-income as proxy for income inequality. Our … results suggest that there is no robust relationship between economic freedom and income inequality. In addition, we analyze …
Persistent link: https://www.econbiz.de/10011124890
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Is the Relationship between Financial Development and Economic Growth Monotonic? Evidence from a Sample of Middle Income Countries
Samargandi, Nahla; Fidrmuc, Jan; Ghosh, Sugata - CESifo - 2014
We revisit the relationship between financial development and economic growth in a panel of 52 middle income countries over the 1980-2008 period, using pooled mean group estimator in a dynamic heterogeneous panel setting. We show that financial development does not have a linear positive...
Persistent link: https://www.econbiz.de/10010757725