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Persistent link: https://www.econbiz.de/10010523273
"In contrast with a growing literature on the drivers of aggregate volatility in developing countries, its consequences … aggregate volatility has a regressive, asymmetric, and non linear impact, as reflected in the strong influence of extreme output …
Persistent link: https://www.econbiz.de/10011394189
Persistent link: https://www.econbiz.de/10010524180
, and can surge at times of currency speculation. Heightened interest rate and exchange rate volatility pose practical risk … through the equity markets have not been the major contributor to increased international sources of volatility. In addition …
Persistent link: https://www.econbiz.de/10012563564
; and spend more on public investment and government workers. Only one theory explains the effects of democratic age on the …
Persistent link: https://www.econbiz.de/10010522606
This publication addresses the question of whether political, fiscal, and administrative decentralization improves government effectiveness and the debate on whether it is a viable and desirable state-building strategy for post-conflict countries. The publication is a collection of eight papers...
Persistent link: https://www.econbiz.de/10011393387
performance of democracy is rather independent of the circumstances. However, democracy leads to more redistribution in favor of …
Persistent link: https://www.econbiz.de/10011394112
"The authors use a sample of 147 countries to investigate the link between democracy and reforms. Democracy may be … economic institutions. The results provide robust support for the claim that democracy is good for growth-enhancing reforms …
Persistent link: https://www.econbiz.de/10011394129
"Keefer and Vlaicu demonstrate that sharply different policy choices across democracies can be explained as a consequence of differences in the ability of political competitors to make credible pre-electoral commitments to voters. Politicians can overcome their credibility deficit in two ways....
Persistent link: https://www.econbiz.de/10010522726
Mexico is in the midst of a transition. The defeat of the Revolutionary Institutional Party (PRI) in the 2000 presidential election marked a watershed, and with the repeated defeat of the PRI in the 2006 election, the era of the single?party dominance appears to be long gone. The demise of the...
Persistent link: https://www.econbiz.de/10012553163