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The Economic Consequences of Legal Origins

Porta, Rafael La - 2007

In the last decade, economists have produced a considerable body of research suggesting that the historical origin of a country's laws is highly correlated with a broad range of its legal rules and regulations, as well as with economic outcomes. We summarize this evidence and attempt a unified...

Persistent link: https://www.econbiz.de/10012465031

Can Market and Voting Institutions Generate Optimal Intergenerational Risk Sharing?

Rangel, Antonio - 1999

Are market and voting institutions capable of producing optimal intergenerational risk-sharing? To study this question … that take place in markets and voting institutions. Unlike most of that literature, we study both ex-ante and interim risk …-sharing. Our main conclusion is that both types of institutions have serious problems. Markets cannot generate ex-ante risk …

Persistent link: https://www.econbiz.de/10012471858

Peronist Beliefs and Interventionist Policies

Tella, Rafael Di - 2010

We study the logic of Peronist interventionist polices and the beliefs that support them. Instead of a comprehensive approach, we focus on three elements. First, we study beliefs and values about the economic system present in Peron's speeches during the period 1943-55. Second, we study survey...

Persistent link: https://www.econbiz.de/10012462036

The Determinants of Food Aid Provisions to Africa and the Developing World

Nunn, Nathan - 2010

We examine the supply-side and demand-side determinants of global bilateral food aid shipments between 1971 and 2008. First, we find that domestic food production in developing countries is negatively correlated with subsequent food aid receipts, suggesting that food aid receipt is partly driven...

Persistent link: https://www.econbiz.de/10012462047

Reevaluating Agricultural Productivity Gaps with Longitudinal Microdata

Hicks, Joan Hamory - 2017

Recent research has pointed to large gaps in labor productivity between the agricultural and nonagricultural sectors in low-income countries, as well as between workers in rural and urban areas. Most estimates are based on national accounts or repeated cross-sections of micro-survey data, and as...

Persistent link: https://www.econbiz.de/10012455428

Why Doesn't Capitalism Flow to Poor Countries?

Tella, Rafael Di - 2007

We find anecdotal evidence suggesting that governments in poor countries have a more left wing rhetoric than those in OECD countries. Thus, it appears that capitalist rhetoric doesn't flow to poor countries. A possible explanation is that corruption, which is more widespread in poor countries,...

Persistent link: https://www.econbiz.de/10012465489

State-Level Economic Policy Uncertainty

Baker, Scott; Davis, Steven J.; Levy, Jeffrey A. - National Bureau of Economic Research - 2022

We quantify and study state-level economic policy uncertainty. Tapping digital archives for nearly 3,500 local newspapers, we construct three monthly indexes for each state: one that captures state and local sources of policy uncertainty (EPU-S), one that captures national and international...

Persistent link: https://www.econbiz.de/10012938683

Policy Analysis with Incredible Certitude

Manski, Charles F. - 2010

Analyses of public policy regularly express certitude about the consequences of alternative policy choices. Yet policy predictions often are fragile, with conclusions resting on critical unsupported assumptions. Then the certitude of policy analysis is not credible. This paper develops a...

Persistent link: https://www.econbiz.de/10012462448

Policy Evaluation in Uncertain Economic Environments

Brock, William A. - 2003

This paper develops a decision-theoretic approach to policy analysis. We argue that policy evaluation should be conducted on the basis of two factors: the policymaker's preferences, and the conditional distribution of the outcomes of interest given a policy and available information. From this...

Persistent link: https://www.econbiz.de/10012468673

Government Relief for Risk Associated with Government Action

Kaplow, Louis - 1989

A significant source of risk arises from uncertainty concerning future government policy. Government action - - tax … preexisting rules. The effects of government relief - - compensation, grandfathering, phase-ins - - on ex ante incentives and risk …

Persistent link: https://www.econbiz.de/10012476042

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