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answer is, in general, they do not. The gap between theory and practice is a result of the complexity of sequencing design …
Persistent link: https://www.econbiz.de/10010522147
"Institutions are a major field of interest in the study of development processes. The authors contribute to this discussion concentrating our research on political institutions and their effect on the non-income dimensions of human development. First, they elaborate a theoretical argument why...
Persistent link: https://www.econbiz.de/10011394112
prudent monetary and fiscal management. The author addresses these concerns by taking a simple neo-institutional economics …
Persistent link: https://www.econbiz.de/10010522414
relevant decisionmaking bodies. This paper provides a simple neo-institutional economics framework for assessing alternative … equalization transfers are carried out and the predictions based on the theory are compared with observed experiences in major … for predicting potential impacts. The paper concludes, both in theory and practice, that the case for independent grants …
Persistent link: https://www.econbiz.de/10010522415
Municipalities play a large role in the Bulgarian public sector. They provide primary and secondary education. They own and operate about one-third of the hospitals in the country. Until 2003, they administered all the major social assistance programs (except pensions and unemployment...
Persistent link: https://www.econbiz.de/10012559155
"Political economy explanations for fiscal profligacy are dominated by models of bargaining among organized interest groups over group-specific targeted benefits financed by generalized taxation. These models predict that governments consisting of a coalition of political parties spend more than...
Persistent link: https://www.econbiz.de/10010520997
"The authors determine how time delays affect international trade using newly collected World Bank data on the days it takes to move standard cargo from the factory gate to the ship in 126 countries. They estimate a modified gravity equation, controlling for endogeneity and remoteness. On...
Persistent link: https://www.econbiz.de/10010522152
"The paper presents a nontechnical summary of the current state of debate on the measurement and implications of global inequality (inequality between citizens of the world). It discusses the relationship between globalization and global inequality. And it shows why global inequality matters and...
Persistent link: https://www.econbiz.de/10010522195
"Are natural resources a blessing or a curse? Bravo-Ortega and De Gregorio present a model in which natural resources have a positive effect on the level of income and a negative effect on its growth rate. The positive and permanent effect on income implies a welfare gain. There is a growth...
Persistent link: https://www.econbiz.de/10010522714
"To study the effects of tariffs on gross domestic product (GDP), one needs import demand elasticities at the tariff line level that are consistent with GDP maximization. These do not exist. Kee, Nicita, and Olarreaga modify Kohli's (1991) GDP function approach to estimate demand elasticities...
Persistent link: https://www.econbiz.de/10010522883