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The Impact of the Shale Oil Revolution on U.S. Oil and Gasoline Prices
Kilian, Lutz - C.E.P.R. Discussion Papers - 2014
This article examines how the shale oil revolution has shaped the evolution of U.S. crude oil and gasoline prices. It puts the evolution of shale oil production into historical perspective, highlights uncertainties about future shale oil production, and cautions against the view that the U.S....
Persistent link: https://www.econbiz.de/10011145394
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Economic Reforms and Industrial Policy in a Panel of Chinese Cities
Alder, Simon; Shao, Lin; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 2013
We estimate the effect on economic development of China's industrial policy, in particular, the establishment of Special Economic Zones (SEZ). We use data from a panel of 276 Chinese cities and prefectures from 1988 to 2010. Our difference-in-difference estimator exploits the variation in the...
Persistent link: https://www.econbiz.de/10011084232
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Place-Based Policies
Neumark, David; Simpson, Helen - C.E.P.R. Discussion Papers - 2014
reconcile the existing findings. Some evidence points to positive benefits of infrastructure expenditure, and also investment in …
Persistent link: https://www.econbiz.de/10011084586
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Bribery in Health Care in Peru and Uganda
Hunt, Jennifer - C.E.P.R. Discussion Papers - 2007
In this paper, I examine the role of household income in determining who bribes and how much they bribe in health care in Peru and Uganda. I find that rich patients are more likely than other patients to bribe in public health care: doubling household consumption increases the bribery...
Persistent link: https://www.econbiz.de/10005114349
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Fiscal Policy and Economic Growth: An Empirical Investigation
Easterly, William; Rebelo, Sérgio - C.E.P.R. Discussion Papers - 1994
This paper describes the empirical regularities relating fiscal policy variables, the level of development and the rate of growth. We employ historical data, recent cross-section data, and newly constructed public investment series. Our main findings are: first, there is a strong association...
Persistent link: https://www.econbiz.de/10005791535
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The Current Global Economic Situation, Outlook and Policy Options, with Special Emphasis on Fiscal Policy Issues
Buiter, Willem H. - C.E.P.R. Discussion Papers - 1987
The paper provides an account of the current global economic situation, outlook and policy options. Medium-term prospects are mediocre and fraught with considerable downside risk. Fiscal and monetary policy options for the main industrial countries to improve global economic performance are...
Persistent link: https://www.econbiz.de/10005791563
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When the North Last Headed South: Revisiting the 1930s
Reinhart, Carmen M.; Reinhart, Vincent - C.E.P.R. Discussion Papers - 2010
The U.S recession of 2007 to 2009 is unique in the post-World-War-II experience by the broad company it kept. Activity contracted around the world, with the advanced countries of the North experiencing declines in spending normally the purview of the developing economies of the South. The last...
Persistent link: https://www.econbiz.de/10008468628
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External Debt, Capital Flight and Political Risk
Alesina, Alberto F; Tabellini, Guido - C.E.P.R. Discussion Papers - 1988
This paper provides an explanation of the simultaneous occurrence in developing countries of a large accumulation of external debt, private capital outflows and relatively low domestic capital formation. We consider a general equilibrium model in which two types of government with conflicting...
Persistent link: https://www.econbiz.de/10005281409
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Infrastructure and regional growth in the European Union
Crescenzi, Riccardo; Rodriguez-Pose, Andres - C.E.P.R. Discussion Papers - 2012
Transport infrastructure has represented one of the cornerstones of development and cohesion strategies in the European … controversial. This paper revisits the question of to what extent transport infrastructure endowment -- proxied by regional … motorways -- has contributed to regional growth in the EU between 1990 and 2004. It analyses infrastructure in relationship to …
Persistent link: https://www.econbiz.de/10011084543
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Imperfect Competition, Underemployment Equilibria and Fiscal Policy
Pagano, Marco - C.E.P.R. Discussion Papers - 1989
employment are determined by optimizing choices in an imperfectly competitive setting. It turns out that underemployment …
Persistent link: https://www.econbiz.de/10005281303