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better credit ratings, better fiscal discipline, and less corruption, after controlling for other socioeconomic variables …
Persistent link: https://www.econbiz.de/10014401735
Anecdotal evidence relates corruption with high levels of military spending. This paper tests empirically whether such … the period 1985–98. The association between military spending and corruption is ascertained by using panel regression … techniques. The results suggest that corruption is indeed associated with higher military spending as a share of both GDP and …
Persistent link: https://www.econbiz.de/10014399916
Persistent link: https://www.econbiz.de/10009424793
Persistent link: https://www.econbiz.de/10009424867
The paper argues that the endogenous behavior of monetary authorities provides an important channel through which fiscal policy influences financial variables, and that growing internationalization has increased the sensitivity of financial conditions to fiscal policy. The core of the argument...
Persistent link: https://www.econbiz.de/10014396354
This paper discusses the scope, methods, and effects of international coordination of economic policies. In analyzing the scope for and of coordination, the paper addresses the rationale for coordination, barriers to coordination, the range and specificivity of policies to be coordinated, and...
Persistent link: https://www.econbiz.de/10014396358
This study examines the determinants of the currency composition of foreign exchange reserves for both industrial and developing countries. During the period from 1976-85, our empirical results indicate that the currency composition of reserves has been influenced by each country’s exchange...
Persistent link: https://www.econbiz.de/10014396373
This paper summarizes the theory and empirical evidence on the determinants of foreign direct investment. These determinants include expected relative rates of return, risk diversification, market size, technological advantage, market failure, oligopolistic rivalry, liquidity, currency strength,...
Persistent link: https://www.econbiz.de/10014396385
International coordination of macroeconomic policies has attracted much attention in recent years. The main issue has been whether economic performance can be improved by coordination Although it is still a controversial issue many economists have argued that coordination would make a positive...
Persistent link: https://www.econbiz.de/10014396391
We study the determinants of employment and wages in the public sector, using a new set of panel data for 34 LDCs and 21 OECD countries from 1972–992, by estimating equations suggested by an efficiency wage model. We find that government employment is positively associated with the relaxation...
Persistent link: https://www.econbiz.de/10014398143