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Education, Growth and Income Inequality
Teulings, Coen N.; Rens, Thijs van - Tinbergen Instituut - 2002
Estimates of the effect of education on GDP (the social return) have been hard to reconcile with micro evidence on the private return to schooling. We present a simple explanation combining two ideas: imperfect substitution and endogenous skill-biased technological progress and use cross-country...
Persistent link: https://www.econbiz.de/10011255487
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From Tradition to Modernity: Economic Growth in a Small World
Lindner, Ines; Strulik, Holger - Tinbergen Instituut - 2012
institutions are needed to keep entrepreneurs in check. A gradual take-off to perpetual growth is explained by a feedback effect … (Watts and Strogatz, Nature, 1998) into the theory of economic growth and investigates how increasing economic integration … from investment to the formation of long-distance links and the diffusion of knowledge. If formal institutions are weak …
Persistent link: https://www.econbiz.de/10011255851
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The Political Economy of Bank- and Market Dominance
Perotti, Enrico; Thadden, Ernst Ludwig von - Tinbergen Instituut - 2004
Legislation affects corporate governance and the return to human and financial capital. We allow the preference of a political majority to determine both the governance structure and the extent of labor rents. In a society where median voters have relatively more at stake in the form of human...
Persistent link: https://www.econbiz.de/10011255512
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The Political Economy of Financial Systems
Haber, Stephen; Perotti, Enrico - Tinbergen Instituut - 2008
political power undermines financial accumulation. Even under limited government, unaccountable institutions lead to regulatory …
Persistent link: https://www.econbiz.de/10011255875
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Washington meets Wall Street: A Closer Examination of the Presidential Cycle Puzzle
Kraeussl, R.; Lucas, A.; Rijsbergen, D.; Sluis, P.J. van der - Tinbergen Instituut - 2008
This paper tests the policitcal dimensions of the presidential cycle effect in U.S. financial markets. The presidential cycle effect states that average stock market returns are significantly higher in the last two years compared to the first two years of a presidential term. We confirm the...
Persistent link: https://www.econbiz.de/10011255919
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What to put on and what to keep off the Table? A Politician's Choice of which Issues to address
Sayag, Rei S.; Swank, Otto H. - Tinbergen Instituut - 2012
At the start of their term, politicians often announce which issue they intend to address. To shed light on this agenda setting, we develop a model in which a politician has to decide whether or not to address a public issue. Addressing an issue means that the politician investigates the issue...
Persistent link: https://www.econbiz.de/10011256020
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The Political Economy of Finance
Perotti, Enrico - Tinbergen Instituut - 2013
, funding composition and access to credit. Evolution in political institutions can account for financial evolution, and appear …-invariant legal institutions or cultural traits. Future research should model the sources and consequences of financial instability …
Persistent link: https://www.econbiz.de/10011256233
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The Political Economy of Corporate Control
Perotti, Enrico; Thadden, Ernst-Ludwig von - Tinbergen Instituut - 2005
In a democracy, a political majority can influence both the corporategovernance structure and the return to human and …
Persistent link: https://www.econbiz.de/10011256718
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Assessing Budget Support with Statistical Impact Evaluation: a Methodological Proposal
Elbers, Chris; Gunning, Jan Willem; Hoop, Kobus de - Tinbergen Instituut - 2007
Donor agencies and recipient governments want to assess the effectiveness of aid-supported sector policies. Unfortunately, existing methods for impact evaluation are designed for the evaluation of homogeneous interventions (‘projects’) where those with and without ‘treatment’ can be...
Persistent link: https://www.econbiz.de/10011255836
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Is More Entrepreneurship better?
Koellinger, Philipp; Roessler, Christian - Tinbergen Instituut - 2009
We develop a new perspective on the boundary of the firm that is consistent with the empirical observation that the share of entrepreneurs first decreases and then increases in the course of economic development. Existing theory based on transaction costs is difficult to relate to these...
Persistent link: https://www.econbiz.de/10011255927