Showing 1 - 10 of 27
the end of the nineteenth and the beginning of the twentieth century. We apply a variety of estimation techniques to a …
Persistent link: https://www.econbiz.de/10011168626
welfare theory and since then mathematicians have been damaging democracy. My book Voting Theory for Democracy (VTFD) tries to …Economic theory needs a stronger defence against unwise application of mathematics. Mathematicians are trained for … pupils and students, in finance by neglecting real world risks that contribute to a world crisis, or in voting theory where …
Persistent link: https://www.econbiz.de/10009367967
Arrow’s Impossibility Theorem in social choice finds different interpretations. Bordes-Tideman (1991) and Tideman (2006) suggest that collective rationality would be an illusion and that practical voting procedures do not tend to require completeness or transitivity. Colignatus (1990 and 2011)...
Persistent link: https://www.econbiz.de/10009368469
that a jus sanguinis origin is a factor of resistance to change, that a high degree of democracy promotes the adoption of …
Persistent link: https://www.econbiz.de/10005763607
evaluate separately the impact of political institutions linked to democracy and suffrage and of those institutions more …
Persistent link: https://www.econbiz.de/10005762361
This essay investigates the determinants of the growth performance of Africa. I start by illustrating a broader research agenda which accounts not only for basic economic and demographic factors, but also for the role of history and institutional development. After reporting results from...
Persistent link: https://www.econbiz.de/10009216756
We explore the determinants of state fragility in sub-Saharan Africa. Controlling for a wide range of economic, demographic, geographic and istitutional regressors, we find that institutions, and in particular the civil liberties index and the number of revolutions, are the main determinants of...
Persistent link: https://www.econbiz.de/10008529151
The 2007+ credit crunch and economic crisis put European governments in severe debt, with talk about a Greek partial default. It also put the European banks into a zombie condition, while under Basel III the capital requirement rises from 8% to 10.5% (which requirement does not cover public debt...
Persistent link: https://www.econbiz.de/10009294940
We investigate the long term determinants of political and economic outcomes over a new data set composed of Mississippi counties. We analyze the effect of disfranchisement on voting registration at the end of the nineteenth century (1896-9), as well as the impact of voting registration on...
Persistent link: https://www.econbiz.de/10009325443
Basel III classifies government debt as risk free while actual interest rates in the European Union (EU) show large differences not only because of liquidity but mainly because of the risk of default, as also reflected in credit default swaps. Curiously such debt defaults may not happen so that...
Persistent link: https://www.econbiz.de/10009372590