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Equity market liberalization, credit constraints and income inequality
Sun, Puyang; Sen, Somnath; Jin, Shujing - Institut für Weltwirtschaft (IfW) - 2012
This paper provides compelling evidence that equity market liberalization, the most efficient way to smooth financial market frictions such as credit constraints, can alleviate persistent cross-dynastic income inequality through increasing the accumulation of human capital. We examine the impact...
Persistent link: https://www.econbiz.de/10010956105
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Why Economic Growth Trends Differ So Much Across Developing Countries. The Globalization Debate and Its Relevance to Pakistan
Nunnenkamp, Peter - Institut für Weltwirtschaft (IfW) - 2002
differs tremendously across developing countries. We discuss several factors such as capital accumulation, openness to trade …
Persistent link: https://www.econbiz.de/10005755189
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Why Germany Has Such a Weak Growth Performance
Siebert, Horst - Institut für Weltwirtschaft (IfW) - 2003
Germany has had an extremely low growth performance since 1995. The paper looks at the long-run reasons for this loss of economic dynamics besides German unification: These include leaving labor idle, a declining share of investment in GDP, a weaker innovative activity, an ineffective system for...
Persistent link: https://www.econbiz.de/10005818909
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Corrupt Governments Receive Less Bilateral Aid: Governance and the Delivery of Foreign Aid through Non-Government Actors
Acht, Martin; Mahmoud, Toman Omar; Thiele, Rainer - Institut für Weltwirtschaft (IfW) - 2014
A core result of the aid allocation literature is that the quality of governance in recipient countries does not affect … through different channels and considering different dimensions of governance, we provide evidence that bypassing governments …
Persistent link: https://www.econbiz.de/10010886976
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External Drivers of Institutional Change in Central Asia – Regional Integration Schemes and the Role of Russia and China
Schweickert, Rainer; Melnykovska, Inna; Plamper, Hedwig - Institut für Weltwirtschaft (IfW) - 2012
Russia and China are assumed to challenge democratization and to promote autocracy. In a first step, we analyze Central Asia as the most-likely case, considering both Russia and China as relevant external actors. We develop a concept for our analysis based on the different strategies of Russia...
Persistent link: https://www.econbiz.de/10010887001
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A comparative view on the tax performance of developing countries: Regional patterns, non-tax revenue and governance
Ivanyna, Maksym; von Haldenwang, Christian - Institut für Weltwirtschaft (IfW) - 2012
influencing factors, such as regional patterns, non-tax revenue and governance. Findings on individual countries or groups of …
Persistent link: https://www.econbiz.de/10009647560
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Varieties of Capitalism, Governance and Government Spending – A Cross-Section Analysis
Ahrens, Joachim; Schweickert, Rainer; Zenker, Juliane - Institut für Weltwirtschaft (IfW) - 2011
We argue that the literature on government size suffers from neglecting the role of governance both as a driving and a … averaging data for the period 2003-07 reveals that better governance allows for higher spending. However, on the demand side …, more open countries are likely to spend more in cases of minor quality of governance only. In this respect, government …
Persistent link: https://www.econbiz.de/10009276632
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Prospective Membership and Institutional Change in Transition Countries
Belke, Ansgar; Bordon, Ingo; Melnykovska, Inna; … - Institut für Weltwirtschaft (IfW) - 2009
the World Bank Governance Indicators (WBGI). Based on a panel of 25 transition countries for the period from 1996 to 2008 …
Persistent link: https://www.econbiz.de/10008479317
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Economic and Political Governance in Germany's Social Market Economy
Siebert, Horst - Institut für Weltwirtschaft (IfW) - 2004
Germany’s system of economic and political governance strongly relies on group decision-making and consensus to solve … the employers’ associations in wage formation, the trade unions in the governance of firms through codetermination and the … codetermination and by a governmental planning approach. In addition, in the governance of government and its federal structure …
Persistent link: https://www.econbiz.de/10005076104
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Resource-Based Reluctance, Reversed Asymmetry, and Non-Trade Integration Incentives - Theory and Evidence from European Neighbourhood
Franke, Anja; Gawrich, Andrea; Melnykovska, Inna; … - Institut für Weltwirtschaft (IfW) - 2009
Among ENP countries, Azerbaijan is outstanding because it leans on its resource base and sees the EU at the receiving end of bilateral relations. At the other extreme, Ukraine depends on EU cooperation, especially with respect to trade. We develop a comprehensive theoretical concept for...
Persistent link: https://www.econbiz.de/10005026906