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Context Matters – Rethinking the Resource Curse in Sub-Saharan Africa

Basedau, Matthias - EconWPA - 2005

Natural resources in sub-Saharan Africa suffer from a bad reputation. Oil and diamonds, particularly, have been blamed for a number of Africa’s illnesses such as poverty, corruption, dictatorship and war. This paper outlines the different areas and transmission channels of how this so-called...

Persistent link: https://www.econbiz.de/10005125845

Governance Matters III: Governance Indicators for 1996-2002

Kaufmann, Daniel; Kraay, Aart; Mastruzzi, Massimo - EconWPA - 2003

This paper presents estimates of six dimensions of governance covering 199 countries and territories for four time periods: 1996, 1998, 2000, and 2002. These indicators are based on several hundred individual variables measuring perceptions of governance, drawn from 25 separate data sources...

Persistent link: https://www.econbiz.de/10005561191

Booms, Busts, and Fraud

Povel, Paul; Singh, Rajdeep; Winton, Andrew - EconWPA - 2003

We examine firm managers' incentives to commit fraud in a model where firms seek funding from investors and investors … can monitor firms at a cost in order to get more precise information about firm prospects. We show that fraud incentives … funded without committing fraud, whereas in bad times investors are more vigilant and it is harder to commit fraud …

Persistent link: https://www.econbiz.de/10005134707

Optimal Audit Policy and Heterogenous Agents

Ratto, Marisa; Vergé, Thibaud - EconWPA - 2003

Frauds can be explained not only in terms of individual willingness to cheat, but may also be driven by opportunities to behave dishonestly. The audit policy should therefore be different for different categories of agents. This paper focuses on the optimal audit policy when there are two...

Persistent link: https://www.econbiz.de/10005412503

Transition in FSU and sub-Saharan countries: The role of institutions

Laurila, Juhani - EconWPA - 2002

This study compares transition processes in countries of Central and Eastern Europe, the former Soviet Union (FSU) and sub-Saharan Africa. By widening the scope from most- to least-developed transition economies, the study establishes the importance of a strong state with evolved institutional...

Persistent link: https://www.econbiz.de/10005076830

Institutions and Agricultural Productivity in Sub-Saharan Africa

Fulginiti, Lilyan E.; Perrin, Richard K.; Yu, Bingxin - EconWPA - 2005

Agricultural productivity in 41 Sub-Saharan Africa (SSA) countries from 1960 to 1999 is examined by estimating a semi-nonparametric Fourier production frontier. Over the four decades the estimated rate of productivity change was 0.83% per year, although the average rate from 1985-99 was a strong...

Persistent link: https://www.econbiz.de/10005407719

Uncertainty, Trade, and Capital Flows in Sub-Saharan Africa

Cuddington, John T.; Liang, Hong; Lu, Shihua - EconWPA - 1996

In most African economies, both agricultural production and the terms- of-trade are highly uncertain. This paper re-examines the implications of such uncertainty for the optimal mix of production and trade under alternative assumptions about international capital flows. The ultimate objective is...

Persistent link: https://www.econbiz.de/10005556608

Estate and Capital Gains Taxation: Efficiency and Political Economy Considerations

Aura, Saku - EconWPA - 2004

In this paper a simple dynastic overlapping-generations model with homogeneous agents is used to analyze the optimal use of capital income tax, labor income tax and estate tax. The results of this analysis add to the conventional wisdom about capital income taxation: while it is true that in the...

Persistent link: https://www.econbiz.de/10005076583

The Uneasy Case for the Flat Tax

Buckley, Francis; Rasmusen, Eric - EconWPA - 1999

security and private property are at risk in a state of nature, subjects will agree to grant Leviathan a monopoly of violence …

Persistent link: https://www.econbiz.de/10005076588

As the People Want It, Blueprint for a New Confederation

Knutsen, John F - EconWPA - 2004

Presents a complete and detailed constitutional framework applying the rational self-interest model and market mechanisms to intra and inter- governmental behaviour and collective decisions. In particular, the paper presents an enabling mechanism for the creation, adjustment and dissolution of...

Persistent link: https://www.econbiz.de/10005076593