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Ethnic Diversity, Democracy, and Corruption
Yehoue, Etienne B. - International Monetary Fund (IMF) - 2007
I study the link between ethnic diversity, democracy, and corruption. In a static model, I show that contrary to conventional wisdom, corruption might emerge as a negative externality of democracy. This occurs through ethnicity, which appears as a rent-extracting technology in a democratic...
Persistent link: https://www.econbiz.de/10005248127
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Votingon the "Optimal" Size of Government
Olters, Jan-Peter - International Monetary Fund (IMF) - 2000
the individuals’ income and wealth, and political behavior described in terms of the individuals’ decisions regarding …
Persistent link: https://www.econbiz.de/10005264039
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Political Instability and Growth; The Central African Republic
Ghura, Dhaneshwar; Mercereau, Benoît - International Monetary Fund (IMF) - 2004
This paper provides empirical evidence that the propensity for political instability in the Central African Republic (C.A.R.) has been increased by low tax revenues and deteriorations in the terms of trade. The direct effect of political instability on economic growth is not statistically...
Persistent link: https://www.econbiz.de/10005826324
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Oil Rents, Corruption, and State Stability; Evidence From Panel Data Regressions
International Monetary Fund (IMF); International … - 2009
We examine the effects of oil rents on corruption and state stability exploiting the exogenous within-country variation of a new measure of oil rents for a panel of 31 oil-exporting countries during the period 1992 to 2005. We find that an increase in oil rents significantly increases...
Persistent link: https://www.econbiz.de/10008497600
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Republic of Tajikistan; Poverty Reduction Strategy Paper Second Progress Report
International Monetary Fund (IMF); International … - 2006
drastically. Income poverty remains high. People’s access to energy, water, communications, education, and health services …
Persistent link: https://www.econbiz.de/10005824948
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Nominal Income Targeting; A Critical Evaluation
Argy, Victor E. - International Monetary Fund (IMF) - 1991
This paper evaluates the proposal that government authorities ought to target nominal income. It begins by viewing the … large country. There is then a general discussion of various issues posed by nominal income targeting. Finally, the paper … favor of nominal income targeting. When more realistic assumptions are made or econometric simulations are undertaken the …
Persistent link: https://www.econbiz.de/10005825863
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Mr. Ricardo's Great Adventure; Estimating Fiscal Multipliers in a Truly Intertemporal Model
Sgherri, Silvia; Bayoumi, Tamim - International Monetary Fund (IMF) - 2006
We estimate tax multipliers in a "Blanchard-Yaari" consumption model where Ricardian equivalence is broken because the private sector discounts the future at a faster rate than the real rate of interest. The model fits U.S. data since 1955 extremely well-entailing a discount wedge of around 20...
Persistent link: https://www.econbiz.de/10005825870
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Macroeconomics of Migration in New Member States
Bems, Rudolfs; Schellekens, Philip - International Monetary Fund (IMF) - 2008
This paper examines the macroeconomic impact of migration on income convergence in the EU's New Member States (NMS …
Persistent link: https://www.econbiz.de/10005825900
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Income and Democracy; Lipset's Law Revisited
Hoeffler, Anke; Bates, Robert H.; Fayad, Ghada - International Monetary Fund (IMF) - 2012
We revisit Lipset‘s law, which posits a positive and significant relationship between income and democracy. Using … dynamic and heterogeneous panel data estimation techniques, we find a significant and negative relationship between income and … democracy: higher/lower incomes per capita hinder/trigger democratization. Decomposing overall income per capita into its …
Persistent link: https://www.econbiz.de/10011242229
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Dissecting Saving Dynamics; Measuring Wealth, Precautionary, and Credit Effects
Carroll, Christopher; Sommer, Martin; Slacalek, Jiri - International Monetary Fund (IMF) - 2012
€˜buffer stock’ model of optimal consumption in the presence of labor income uncertainty and credit constraints. Saving in the model …
Persistent link: https://www.econbiz.de/10011242291