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The Institutional Foundations of China’s Reforms and Development

Xu, Cheng-Gang - C.E.P.R. Discussion Papers - 2010

analyses China’s institution - a regionally decentralized authoritarian system. The central government has control over …China’s economic reforms have resulted in spectacular growth and poverty reduction. However, China’s institutions look … ill-suited to achieve such a result, and they indeed suffer from serious shortcomings. To solve "China puzzle" this paper …

Persistent link: https://www.econbiz.de/10008468688

Macroinsurance for Microenterprises: A Randomized Experiment in Post-Revolution Egypt

McKenzie, David - C.E.P.R. Discussion Papers - 2014

Firms in many developing countries cite macroeconomic instability and political uncertainty as major constraints to their growth. Economic theory suggests uncertainty can cause firms to delay investments until uncertainty is resolved. We conduct a randomized experiment in post-revolution Egypt...

Persistent link: https://www.econbiz.de/10011084029

Investment and Instability

Campos, Nauro F; Nugent, Jeffrey B - C.E.P.R. Discussion Papers - 2000

Although recent research has repeatedly found a negative association between investment and political instability, the existence and direction of causality between these two variables has not yet been investigated. This paper empirically tests for such a causal and negative long-run relationship...

Persistent link: https://www.econbiz.de/10005791838

Inequality and Growth

Bénabou, Roland - C.E.P.R. Discussion Papers - 1996

Using two unifying models and an empirical exercise, this paper presents and extends the main theories linking income distribution and growth, as well as the relevant empirical evidence. The first model integrates the political-economy and imperfect capital markets theories. It allows for...

Persistent link: https://www.econbiz.de/10005123982

Who is Afraid of Political Instability?

Campos, Nauro F - C.E.P.R. Discussion Papers - 2000

An unstable macroeconomic environment is often regarded as detrimental to economic growth. Among the sources contributing to such instability, the literature has assigned most of the blame to political issues. This paper empirically tests for a causal and negative long-term relationship between...

Persistent link: https://www.econbiz.de/10005504467

International Terrorism, Political Instability and the Escalation Effect

Campos, Nauro F; Gassebner, Martin - C.E.P.R. Discussion Papers - 2009

What are the main causes of international terrorism? The lessons from the surge of academic research that followed 9/11 remain elusive. The careful investigation of the relative roles of economic and political conditions did little to change the fact that existing econometric estimates diverge...

Persistent link: https://www.econbiz.de/10005029291

Two to Tangle: Financial Development, Political Instability and Economic Growth in Argentina (1896-2000)

Campos, Nauro F; Karanasos, Menelaos; Tan, Bin - C.E.P.R. Discussion Papers - 2008

This paper investigates the effects of financial development and political instability on economic growth in a power-ARCH framework with data for Argentina from 1896 to 2000. Our findings suggest that (i) informal or unanticipated political instability (e.g., guerrilla warfare) has a direct...

Persistent link: https://www.econbiz.de/10005114221

A Theory of Political Transitions

Acemoglu, Daron; Robinson, James A - C.E.P.R. Discussion Papers - 1999

We develop a theory of political transitions inspired in part by the experiences of Western Europe and Latin America. Nondemocratic societies are controlled by a rich elite. The initially disenfranchised poor can contest power by threatening social unrest or revolution, and this may force the...

Persistent link: https://www.econbiz.de/10005661707

Growth, Volatility and Political Instability: Non-Linear Time-Series Evidence for Argentina, 1896-2000

Campos, Nauro F; Karanasos, Menelaos - C.E.P.R. Discussion Papers - 2007

What is the relationship between economic growth and its volatility? Does political instability affect growth directly or indirectly, through volatility? This paper tries to answer such questions using a power-ARCH framework with annual time series data for Argentina from 1896 to 2000. We show...

Persistent link: https://www.econbiz.de/10005667076

Some Political Aspects of Unemployment

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1994

We study a number of mechanisms through which an economy can be stuck at a high unemployment equilibrium because a poor labour market is associated with support for poor policy. These mechanisms are consistent with the relative scarcity of measures that have been undertaken to cure unemployment....

Persistent link: https://www.econbiz.de/10005661453

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