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Long-run patterns in market efficiency and the genesis of the market economy: Markets around the Mediterranean from Nebuchadnezzar to Napoleon (580 BC and 1800AD)

Földvári, Péter; van Leeuwen, Bas; Zanden, Jan Luiten Van - C.E.P.R. Discussion Papers - 2011

Price volatility, reflecting the ability to absorb exogenous supply- or demand shocks, is an important dimension of market performance. In this paper we present a model to study the factors determining the price volatility of markets of basic foodstuffs in pre industrial societies. This model is...

Persistent link: https://www.econbiz.de/10009246614

iPEHD – The ifo Prussian Economic History Database

Becker, Sascha O.; Cinnirella, Francesco; Hornung, Erik; … - C.E.P.R. Discussion Papers - 2012

This paper provides a documentation of the ifo Prussian Economic History Database (iPEHD), a county-level database covering a rich collection of variables for 19th-century Prussia. The Royal Prussian Statistical Office collected these data in several censuses over the years 1816-1901, with much...

Persistent link: https://www.econbiz.de/10011083606

Who Wants to Revise Privatization and Why? Evidence from 28 Post-Communist Countries

Denisova, Irina; Eller, Markus; Frye, Timothy; … - C.E.P.R. Discussion Papers - 2007

privatization, but most respondents prefer to leave firms in private hands. We examine who wants to revise privatization and why …. Respondents with poor human capital and few assets support revising privatization due to a preference for state over private … property. Economic hardships during transition increase support for revising privatization due to the perceived unfairness of …

Persistent link: https://www.econbiz.de/10005497879

Key Elements of the Reform of the Hungarian Banking System: Privatization and Portfolio Cleaning

Várhegyi, Eva - C.E.P.R. Discussion Papers - 1993

This paper focuses on some of the major problems of the Hungarian banking system and investigates the possible ways to deal with these problems. It discusses the issue of bank restructuring, concentrating on the large commercial banks for which direct or indirect state ownership is decisive....

Persistent link: https://www.econbiz.de/10005791244

Civil Wars and International Trade

Martin, Philippe; Mayer, Thierry; Thoenig, Mathias - C.E.P.R. Discussion Papers - 2008

This paper analyzes empirically the relationship between civil wars and international trade. We first show that trade destruction due to civil wars is very large and persistent and increases with the severity of the conflict. We then test the presence of two effects that trade can have on the...

Persistent link: https://www.econbiz.de/10005124456

The Slump and Immigration Policy in Europe

Hatton, Tim - Research School of Economics, College of Business and … - 2013

Historical experience suggests that when a period of rising immigration is followed by a sudden slump, this can trigger a policy backlash. This has not occurred in the current recession. This paper examines three links in the chain between the slump and immigration policy. First, although...

Persistent link: https://www.econbiz.de/10011079134

A Fragmenting Global Economy: A Weakened WTO, Mega FTAs, and Murky Protectionism

Aggarwal, Vinod K; Evenett, Simon J - C.E.P.R. Discussion Papers - 2013

Although the global economy has begun to recover from the 2008-2011 financial crisis, challenges to the world trading system have increased. Several trends are taking public policies further away from the core WTO disciplines of non-discrimination, namely MFN and national treatment. This has...

Persistent link: https://www.econbiz.de/10011084204

Growth, Import Dependence and War

Bonfatti, Roberto; O'Rourke, Kevin Hjortshøj - C.E.P.R. Discussion Papers - 2014

Existing theories of pre-emptive war typically predict that the leading country may choose to launch a war on a follower who is catching up, since the follower cannot credibly commit to not use their increased power in the future. But it was Japan who launched a war against the West in 1941, not...

Persistent link: https://www.econbiz.de/10011084262

Hit or Miss? The Effect of Assassinations on Institutions and War

Jones, Benjamin; Olken, Benjamin - C.E.P.R. Discussion Papers - 2007

Assassinations are a persistent feature of the political landscape. Using a new data set of assassination attempts on all world leaders from 1875 to 2004, we exploit inherent randomness in the success or failure of assassination attempts to identify assassination’s effects. We find that, on...

Persistent link: https://www.econbiz.de/10005792207

The Incidence of Civil War: Theory and Evidence

Besley, Timothy J.; Persson, Torsten - C.E.P.R. Discussion Papers - 2008

This paper studies the incidence of civil war over time. We put forward a canonical model of civil war, which relates the incidence of conflict to circumstances, institutions and features of the underlying economy and polity. We use this model to derive testable predictions and to interpret the...

Persistent link: https://www.econbiz.de/10005661970

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