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Global credit risk : world, country and industry factors

Schwaab, Bernd; Koopman, Siem Jan; Lucas, André - 2015

area sovereign debt crises. We find that macro and default-specific world factors are a primary source of default …

Persistent link: https://www.econbiz.de/10010484886

The economics of human development and social mobility

Heckman, James J.; Mosso, Stefano - 2014

This paper distills and extends recent research on the economics of human development and social mobility. It summarizes the evidence from diverse literatures on the importance of early life conditions in shaping multiple life skills and the evidence on critical and sensitive investment periods...

Persistent link: https://www.econbiz.de/10010252655

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/10003817754

The information in systemic risk rankings

Nucera, Federico; Schwaab, Bernd; Koopman, Siem Jan; … - 2015

We propose to pool alternative systemic risk rankings for financial institutions using the method of principal components. The resulting overall ranking is less affected by estimation uncertainty and model risk. We apply our methodology to disentangle the common signal and the idiosyncratic...

Persistent link: https://www.econbiz.de/10010532581

Skill policies for Scotland

Heckman, James J. (contributor); … - 2004

This paper argues that skill formation is a life-cycle process and develops the implications of this insight for Scottish social policy. Families are major producers of skills, and a successful policy needs to promote effective families and to supplement failing ones. We present evidence that...

Persistent link: https://www.econbiz.de/10002540578

Government decentralization as a disincentive for transnational terror? : an empirical analysis

Dreher, Axel; Fischer, Justina A. V. - 2009

Using panel data for a maximum of 109 countries over the years 1976-2000, we empirically analyze the impact of decentralization on the occurrence of transnational terror. Our results show that expenditure decentralization reduces the number of transnational terror events in a country, while...

Persistent link: https://www.econbiz.de/10003866216

The costs of favoritism : is politically-driven aid less effective?

Dreher, Axel; Klasen, Stephan; Vreeland, James Raymond; … - 2010

World Bank projects and generally find that projects that are potentially politically motivated – such as those granted to … governments holding a non-permanent seat on the United Nations Security Council or an Executive Directorship at the World Bank … Council members with higher short-term debt, however, a negative quality rating is more likely. So we find evidence that World …

Persistent link: https://www.econbiz.de/10003942325

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/10003832281

The spread of anti-trafficking policies : evidence from a new index

Cho, Seo-young; Dreher, Axel; Neumayer, Eric - 2011

We analyze the spread of policies dealing with international trafficking in human beings. Arguing that countries are unlikely to make independent choices, we identify pressure, externalities and learning or emulation as plausible diffusion mechanisms for spatial dependence in anti-trafficking...

Persistent link: https://www.econbiz.de/10009232913

Systemic risk diagnostics : coincident indicators and early warning signals

Schwaab, Bernd; Lucas, André; Koopman, Siem Jan - 2010

Persistent link: https://www.econbiz.de/10008771823