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Are Oligarchs Productive? Theory and Evidence

Gorodnichenko, Yuriy; Grygorenko, Yegor - EconWPA - 2005

This paper develops a partial equilibrium model to account for stylized facts about the behavior of oligarchs, politically and economically strong conglomerates in transition and developing countries. The model predicts that oligarchs are more likely than other owners to invest in productivity...

Persistent link: https://www.econbiz.de/10005407700

A primer on new techniques used by the sophisticated financial fraudster, with special reference to commodity market instruments

Rutten, Lamon - EconWPA - 2003

Financial instruments such as documentary credit, structured finance and derivatives have proved their value in commodity trade. However, the sophistication of these instruments can also make them a tool for financial fraud. This report discusses how, using commodity market instruments such as...

Persistent link: https://www.econbiz.de/10005062699

E-payments: modern complement to traditional payment systems

Heng, Stefan - EconWPA - 2004

The challenges of payment transactions in electronic commerce were initially underestimated, as is now clear in the light of technological progress and stricter legislation, meaning traditional business models are increasingly coming up against their limits. Only secure, user- friendly and...

Persistent link: https://www.econbiz.de/10005561569

INDIAN VENTURE CAPITALISTS (VCs) INVESTMENT EVALUATION CRITERIA

Mishra, Asim - EconWPA - 2005

The Venture capital (VC) industry in India is of recent origin. However, the average investment value of each deal in India have grown from $3.85 million in 2000 to $7.89 million in 2001.These developments together with the recent steps taken by government to promote venture capitalism in India...

Persistent link: https://www.econbiz.de/10005134795

Counting chickens when they hatch: The short-term effect of aid on growth

Clemens, Michael A.; Radelet, Steven; Bhavnani, Rikhil - EconWPA - 2004

Past research on aid and growth is flawed because it typically examines the impact of aggregate aid on growth over a … positive, causal relationship between this 'short-impact' aid and economic growth (with diminishing returns) over a four …-year period. The impact is large: at least two-to-three times larger than in studies using aggregate aid. Even at a conservatively …

Persistent link: https://www.econbiz.de/10005408143

Exogenous shocks and real estate rental markets: An event study of the 9/11 attacks and their impact on the New York office market

Fuerst, Franz - EconWPA - 2005

Any attempt to measure the impact of the 9/11 attacks is faced with the difficulty of separating the effects of the … attacks from the impact of a wider economic recession and other simultaneous events. This study attempts to isolate the effect … of their spatial and temporal impact. While the New York office market as a whole has demonstrated remarkable resiliency …

Persistent link: https://www.econbiz.de/10005561660

A Dynamic Approach to the Relationship between Inequality, Social Capital and Institutions

Caramuta, Diego - EconWPA - 2005

One of the main objectives of this paper is to show the dynamics that relates inequality, social capital and institutions. The most important result is that these dynamics could generate multiple equilibria. Thus, we can identify two types of equilibria: one with a low level of social capital...

Persistent link: https://www.econbiz.de/10005407735

Mortality Rate and Property Rights in a Model with Human Capital and R&D

Sequeira, Tiago - EconWPA - 2004

We use a set of established growth models, which simultaneously include human capital and R&D, to show that the effect of mortality rate in human capital accumulation is quantitatively more important than the effect of perfectly guaranteed patents on research. First, we show that the effect of...

Persistent link: https://www.econbiz.de/10005407750

Economic Returns to Social Capital in the Urban Informal Sector in Developing Countries: Micro Evidence from Small Textile Producers in Bolivia

Annen, Kurt - EconWPA - 2005

The paper uses micro-level data obtained from surveying informal and formal small textile producers in Bolivia to estimate the economic returns to social capital. Social capital is defined as being linked to other individuals. The paper studies forms of social links that vary with respect to...

Persistent link: https://www.econbiz.de/10005407753

POLITICS AND INTERJURISDICTIONAL TRANSFERS: THE ROMANIAN CASE

Mutascu, Mihai Ioan; Dima, Bogdan - EconWPA - 2005

political impact. …

Persistent link: https://www.econbiz.de/10005407834