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A Model of Remittance Determination Applied to Middle East and North Africa Countries
GLYTSOS, NICHOLAS - EconWPA - 2005
the migrant and his family, treating remittances as an endogenous variable in the migration system. Behind this model is … present or future consumption of remittances. The model has two purposes: estimate the relative significance of behavioural …
Persistent link: https://www.econbiz.de/10005556841
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“Dynamic Effects of Migrant Remittances on Growth: An Econometric Model with an Application to Mediterranean Countries”. Discussion Paper, No. 74, KEPE, Athens, 2002.
GLYTSOS, NICHOLAS - EconWPA - 2005
investigating the impact of remittances on consumption, investment, imports and output. It estimates short and long-run multiplier … effects of exogenous shocks of remittances, with data from five Mediterranean countries. The analysis reveals a uniform … changes, in the sense that the good done to growth by rising remittances is not as great as the bad done by falling …
Persistent link: https://www.econbiz.de/10005076545
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Macroeconomic Determinants of Workers’ Remittances: Host vs. Home Country’s Economic Conditions
Vargas-Silva, Carlos; Huang, Peng - EconWPA - 2005
This study examines the determinants of worker’s remittances. Variance decompositions, impulse response functions and … Granger causality tests derived from a vector error correction model are used to test if remittances are affected by the … Dominican Republic, El Salvador, Mexico and the U.S. are used. The results indicate that remittances respond more to changes in …
Persistent link: https://www.econbiz.de/10005119455
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Evidence on the Incentive Properties of Share Contracts
Braido, Luis H.B. - EconWPA - 2005
Ever since Adam Smith, share contracts have been condemned for their lack of incentives. Sharecropping tenants face incentives to undersupply productive inputs since they receive only a fraction of the marginal revenue. The empirical literature reports that lands under sharecropping are less...
Persistent link: https://www.econbiz.de/10005556067
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IMF Bailouts and Moral Hazard
Lee, Jong-Wha; Shin, Kwanho - EconWPA - 2005
This paper empirically investigates the extent of investor moral hazard associated with IMF bailouts by analyzing the responses of sovereign bond spreads to the changes in the perceived probability of IMF bailouts of countries undergoing financial crisis. We do not find strong evidence that the...
Persistent link: https://www.econbiz.de/10005556610
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Divide and Conquer
Chen, Zhijun - EconWPA - 2005
Tournaments are well known to be vulnerable to collusion as shown by the impossibility theorem in Ishiguro (2004), which asserts that efficient effort levels are impossible to be implemented through a collusion-proof contract. However, we argue that this impossibility is a product of simple...
Persistent link: https://www.econbiz.de/10005556789
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A contest with the taxman - The impact of tax rates on tax evasion and wastefully invested resources
Bayer, Ralph C - EconWPA - 2004
We develop a moral hazard model with auditing where both the principal and the agent can influence the probability that the true state of nature is verified. This setting is widely applicable for situations where fraudulent reporting with costly state verification takes place. However, we use...
Persistent link: https://www.econbiz.de/10005556902
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Unemployment Insurance under Moral Hazard and Limited Commitment: Public vs Private Provision
Thomas, Jonathan P; Worrall, Tim - EconWPA - 2002
This paper analyses a model of private unemployment insurance under limited commitment and a model of public unemployment insurance subject to moral hazard in an economy with a continuum of agents and an infinite time horizon. The dynamic and steady-state properties of the private unemployment...
Persistent link: https://www.econbiz.de/10005556941
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Finding out who the crooks are - Tax evasion with sequential auditing
Bayer, Ralph C - EconWPA - 2004
This paper investigates multi-item moral hazard with auditing contests. Although the presented model is widely applicable, we choose tax evasion as an exemplary application. We introduce a tax-evasion model where tax authority and taxpayer invest in detection and concealment. The taxpayers have...
Persistent link: https://www.econbiz.de/10005556958
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Lender of last resort and the moral hazard problem
Niskanen, Mikko - EconWPA - 2004
The paper considers a modelin which limited liability causes an asset substitution problem for banks. The problem can at times become so severe that the current regulatory framework – based on a combination of effectively full deposit insurance, minimum capital requirements and prudential...
Persistent link: https://www.econbiz.de/10005561300