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Do Stock Markets Promote Economic Growth?
Hanousek, Jan; Campos, Nauro F.; Filer, Randall K. - EconWPA - 2001
One of the most enduring debates in economics is whether financial development causes economic growth or whether it is a consequence of increased economic activity. Little research into this question, however has used a true causality framework. This paper fills this lacuna by using...
Persistent link: https://www.econbiz.de/10005413076
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WHO IS AFRAID OF POLITICAL INSTABILITY?
Campos, Nauro F.; Nugent, Jeffrey B. - EconWPA - 2001
An unstable macroeconomic environment is often regarded as detrimental to economic growth. Among the sources contributing to such instability, much of the blame has been assigned to political issues. This paper empirically tests for a causal and negative long-run relationship between political...
Persistent link: https://www.econbiz.de/10005118768
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Financial Development and Economic Growth in Malaysia: The Stock Market Perspective
Choong, Chee Keong; Yusop, Zulkornain; Law, Siong Hook; … - EconWPA - 2003
Understanding the causal relationship between financial development and economic growth is important in enhancing the economy of a nation. Using the autoregressive distributed lag (ARDL) bounds test approach, this study finds that stock market development is cointegrated with economic growth in...
Persistent link: https://www.econbiz.de/10005561265
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Labor Market Conditions, Political Events and Palestinian Suicide Bombings
Sayre, Edward A. - EconWPA - 2005
, the opportunity cost of engaging in suicide terrorism decreases. An alternative explanation is that suicide bombings are …
Persistent link: https://www.econbiz.de/10005076534
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Global Threats and the Domestic Struggle for Power
Garfinkel, Michelle R. - EconWPA - 2003
favor. An increased external threat of terrorism--either an increase in the likelihood of a successful terrorist attack or a … thus lessen the severity of the conflict at home. However, unless the marginal return from guarding against terrorism is …
Persistent link: https://www.econbiz.de/10005125931
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Pushing the Prize Up, A Few Notes on Al-Qaeda's Reward Structure and the choice of Casualties
Caruso, Raul; Locatelli, Andrea - EconWPA - 2005
The article aims at suggesting possible conjectures on Al-Qaeda's logic and structure. Even if the organization's secrecy makes any empirical evidence difficult to find, some insight can be provided by economic theory of contests: in this terms, Al-Qaeda can be acknowledged like an agent...
Persistent link: https://www.econbiz.de/10005408420
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Media, Education, and anti-Americanism in the Muslim World
Gentzkow, Matthew A.; Shapiro, Jesse M. - EconWPA - 2004
Recent surveys in the United States and the Muslim world show widespread misinformation about the events of September 11, 2001. Using data from 9 predominantly Muslim countries, we study how such beliefs depend on exposure to news media and levels of education. Standard economic theory would...
Persistent link: https://www.econbiz.de/10005413251
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Terrorism Prevention: A General Model
Dietrich, Franz - EconWPA - 2004
In this paper, I present and discuss a method for modelling an important trade-off faced by terrorism prevention … policies: the trade-off between, on the one hand, trying to reduce people's inclination towards terrorism, and, on the other … terrorism (first goal), involving measures such as raising the standard of living, and symptom-related policies reduce the power …
Persistent link: https://www.econbiz.de/10005118920
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Linkages between Stock Prices and Exchange Rates in the EU and the United States
Stavarek, Daniel - EconWPA - 2004
This paper investigates the nature of the causal relationship between stock prices and effective exchange rates in four old EU-member countries (Austria, France, Germany, and the UK), four new EU-member countries (Czech Republic, Hungary, Poland, and Slovakia) and in the USA. Both the long-run...
Persistent link: https://www.econbiz.de/10005134673
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The Iberian Tigers versus The Celtic Tiger: Economic Growth Paths in an Economic History Perspective
Sequeira, Tiago Neves - EconWPA - 2003
The years following the Second World War were those of the greatest economic growth that Europe had ever seen. If the countries of the Iberian Peninsula, neutral in the conflict and ruled by dictatorial regimes, enjoyed that growth and had participated in the convergence phenomenon, Ireland,...
Persistent link: https://www.econbiz.de/10005076554