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The golden hello and political transitions

Aidt, Toke; Albornoz, Facundo; Gassebner, Martin - 2012

have taken place. We test this unexplored implication of the theory empirically. We find in a world sample from 1970 to …We analyze the influence of IMF and World Bank programs on political regime transitions. We develop an extended version … transitions ; democracy ; autocracy ; IMF ; World Bank …

Persistent link: https://www.econbiz.de/10009629705

Agency and communication in IMF conditional lending : theory and empirical evidence

Marchesi, Silvia; Sabani, Laura; Dreher, Axel - 2009

the countries' authorities, openness, and transparency, consistently with the theory. -- IMF conditionality ; delegation …

Persistent link: https://www.econbiz.de/10003908576

What determines the finance-growth nexus? : An endogenous growth model and empirical evidence

Graff, Michael (contributor); Karmann, Alexander (contributor) - 2003 - [Elektronische Ressource]

An endogenous growth model on finance and growth is formulated, and empirical analyses are conducted. The model exhibits structural shifts and breaks caused by institutional changes, suggesting that a linear approach is inadequate. To address this point empirically, we fit data for 90 countries...

Persistent link: https://www.econbiz.de/10001767757

Trade costs in the global economy : measurement, aggregation and decomposition

Egger, Peter; Larch, Mario; Nigai, Sergey; Yotov, Yoto - 2021 - Manuscript date: 10 May 2018

Proper measurement and aggregation of trade costs is of paramount importance for sound academic and policy analysis of the determinants - particularly those of policy - of economic outcomes. The international trade profession has witnessed significant new developments, both on the theoretical...

Persistent link: https://www.econbiz.de/10012419247

Simple nonparametric estimators for the bid-ask spread in the Roll model

Chen, Xiahong; Linton, Oliver; Schneeberger, Stefan; … - 2016

We propose new methods for estimating the bid-ask spread from observed transaction prices alone. Our methods are based on the empirical characteristic function instead of the sample autocovariance function like the method of Roll (1984). As in Roll (1984), we have a closed form expression for...

Persistent link: https://www.econbiz.de/10011441970

When will the Covid-19 pandemic peak?

Linton, Oliver - 2020

We carry out some analysis of the daily data on the number of new cases and number of new deaths by (191) countries as reported to the European CDC. We work with a quadratic time trend model applied to the log of new cases for each country. This seems to accurately describe the trajectory of the...

Persistent link: https://www.econbiz.de/10012198032

Carry funding and safe haven currencies : a threshold regression approach

Hossfeld, Oliver; MacDonald, Ronald - 2014

In this paper, we analyze which currencies can be regarded as safe haven currencies. Our empirical approach allows us to distinguish between a low- and high stress regime, and to control for the impact of carry trade reversals and other fundamental determinants. We therefore address the question...

Persistent link: https://www.econbiz.de/10010433356

Do trade and investment agreements lead to more FDI? : accounting for key provisions inside the black box

Berger, Axel; Busse, Matthias; Nunnenkamp, Peter; Roy, … - 2010

The previous literature provides a highly ambiguous picture on the impact of trade and investment agreements on FDI. Most empirical studies ignore the actual content of BITs and RTAs, treating them as "black boxes", despite the diversity of investment provisions constituting the essence of these...

Persistent link: https://www.econbiz.de/10008699193

More stringent BITs, less ambiguous effects on FDI? not a bit!

Berger, Axel; Busse, Matthias; Nunnenkamp, Peter; Roy, … - 2010

We focus on investor-state dispute settlement provisions contained in various, though far from all, bilateral investment treaties as a possible determinant of BIT-related effects on bilateral FDI flows. Our estimation results prove to be sensitive to the specification of these provisions as well...

Persistent link: https://www.econbiz.de/10008699202

The impact of aid on growth revisited : do donor motives matter?

Kilby, Christopher; Dreher, Axel - 2009

The typical identification strategy in aid effectiveness studies assumes donor motives do not influence the impact of aid on growth. We call this homogeneity assumption into question, first constructing a model in which donor motives matter and then testing the assumption empirically. -- Aid ;...

Persistent link: https://www.econbiz.de/10003908678