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, Satyanath, and Sergenti (2004) in using rainfall as an exogenous source of economic shocks in Sub-Saharan African countries. The … main difference is that my empirical specifications take into account that rainfall shocks are transitory. Failure to do so …
Persistent link: https://www.econbiz.de/10005667025
France's post-war growth has gone through four phases. The strong growth performance of the 1950s was helped by a … protection and inefficient productive capital accumulation as the main source of slower growth. …
Persistent link: https://www.econbiz.de/10005123721
each induce growth accelerations, but countries liberalizing their economy before extending political rights do better than … regime change have an independent effect on growth, and taking expectations into account helps identify a stronger growth …
Persistent link: https://www.econbiz.de/10005789020
This paper argues that globalization has led to a shift in developed countries from an industrial to an entrepreneurial model of production. Globalization is interpreted as a level shock in the supply of unskilled labor to the world economy, a decrease in the level of political risk associated...
Persistent link: https://www.econbiz.de/10005124127
We provide evidence that a history of democracy at the local level is associated with contemporary democracy at the national level. Auxiliary estimates show that a tradition of local democracy is also associated with attitudes that favor democracy, with better quality institutions, and higher...
Persistent link: https://www.econbiz.de/10011084529
productivity growth during the transition process to a market economy. In contrast, disorganization plays no role in the … determination of employment and productivity growth in newly established private firms. …
Persistent link: https://www.econbiz.de/10005662136
Using survey data from 28 transition countries, we test for the complementarity and substitutability of market-relevant skills and institutions. We show that democracy and good governance complement market skills in transition economies. Under autocracy and weak governance institutions there is...
Persistent link: https://www.econbiz.de/10005666546
window of opportunity for democratic change. We examine this hypothesis using yearly rainfall variation over the 1980 …-2004 period in 41 Sub-Saharan African countries. We find that a 25% drop in rainfall increases the probability of a transition to … democracy during the following two years by around 3 percentage points. A 5% fall in income due to low rainfall raises the …
Persistent link: https://www.econbiz.de/10005792020
This paper develops a model that integrates the climate and the global economy---an integrated assessment model---with which different policy scenarios can be analyzed and compared. The model is a dynamic stochastic general-equilibrium setup with a continuum of regions. Thus, it is a full...
Persistent link: https://www.econbiz.de/10011084727
typically ignore changes in mortality rates. Using panel data from Australia, I show that rainfall lowers traffic deaths …
Persistent link: https://www.econbiz.de/10008511764