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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

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

The Global Economic Barometers : composite indicators for the world economy

Abberger, Klaus; Graff, Michael; Campelo, Aloisio; … - 2020

This paper presents a coincident and a leading composite monthly indicator for the world business cycle - the Global … Economic Barometers. Both target the world’s output growth rate cycle. The calculation of these indicators comprises two main …

Persistent link: https://www.econbiz.de/10012170717

Greasing the wheels of entrepreneurship? : the impact of regulations and corruption on firm entry

Dreher, Axel (contributor); Gassebner, Martin (contributor) - 2007

The paper investigates whether the impact of regulations on entrepreneurship depends on corruption. We first test whether regulations robustly deter firm entry into the markets. Our results show that some regulations are indeed important determinants of entrepreneurial activity. Specifically,...

Persistent link: https://www.econbiz.de/10003762839

Do autocratic states trade less?

Aidt, Toke (contributor); Gassebner, Martin (contributor) - 2007

The paper analyzes whether the political regime of a country influences its involvement in international trade. Firstly, we develop a theoretical model that predicts that autocracies trade less than democracies. Secondly, we test the predictions of the model empirically using a panel of more...

Persistent link: https://www.econbiz.de/10003764029

Terrorism and cabinet duration : an empirical analysis

Gassebner, Martin (contributor); … - 2007

We examine the relationship between terrorism and cabinet duration. Our data set includes more than 2,400 cabinets in over 150 countries in the period 1968-2002. We find a small, but significant effect of terrorism on the probability of government failure. Furthermore, we find that the impact of...

Persistent link: https://www.econbiz.de/10003764094

Do IMF and World Bank programs induce government crises? : an empirical analysis

Dreher, Axel (contributor); Gassebner, Martin (contributor) - 2008

We examine whether and under which circumstances World Bank projects and IMF programs affect the likelihood of major … model specification, those of the World Bank are shown to be robust to the choice of control variables and method of …

Persistent link: https://www.econbiz.de/10003764224

The inverse domino effect : are economic reforms contagious?

Gassebner, Martin (contributor); Gaston, Noel G. (contributor) - 2007

This paper examines whether a country's economic reforms are affected by reforms adopted by other countries. A simple model of economic reforms is developed to motivate the econometric work. Unsurprisingly, the model predicts that reforms are more likely when factors of production are...

Persistent link: https://www.econbiz.de/10003764355

The quantity theory of money in historical perspective

Graff, Michael (contributor) - 2008

The paper reconstructs the origins of the quantity theory of money and its applications. Against the background of the … history of money, it is shown that the theory was flexible enough to adapt to institutional change and thus succeeded in … on a panel data set covering more than hundred countries from 1991 to the present confirms that the theory still holds: a …

Persistent link: https://www.econbiz.de/10003767739

Does US aid buy UN general assembly votes? : A disaggregated analysis

Dreher, Axel (contributor); Nunnenkamp, Peter (contributor); … - 2006

Using panel data for 143 countries over the period 1973 - 2002, this paper empirically analyzes the influence of US aid on voting patterns in the UN General Assembly. We use disaggregated aid data to account for the fact that various forms of aid may differ in their ability to induce political...

Persistent link: https://www.econbiz.de/10003348645