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The Devil is in the Shadow : Do Institutions Affect Income and Productivity or Only Official Income and Official Productivity?

Dreher, Axel; Meon, Pierre-Guillaume; Schneider, Friedrich - 2021

This paper assesses the relationship between institutions, output, and productivity, when official output is corrected for the size of the shadow economy. Our results confirm the usual positive impact of institutional quality on official output and total factor productivity, and its negative...

Persistent link: https://www.econbiz.de/10013316690

Does High Inflation Cause Central Bankers to Lose Their Job? Evidence Based on a New Data Set

Dreher, Axel; Sturm, Jan-Egbert; de Haan, Jakob - 2021

This paper introduces new data on the term in office of central bank governors in 137 countries for 1970-2004. Our panel models show that the probability that a central bank governor is replaced in a particular year is positively related to the share of the term in office elapsed, political and...

Persistent link: https://www.econbiz.de/10013316991

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/10010332994

The impact of globalization on the composition of government expenditures: evidence from panel data

Dreher, Axel; Sturm, Jan-Egbert; Ursprung, Heinrich W. - 2006

OECD countries. Our results show that globalization did not influence the composition of government expenditures. …

Persistent link: https://www.econbiz.de/10010263942

Does membership on the UN security council influence IMF decisions?: evidence from panel data

Dreher, Axel; Sturm, Jan-Egbert; Vreeland, James Raymond - 2006

We investigate whether temporary members of the UN Security Council receive favorable treatment from the IMF, using panel data for 191 countries over the period 1951 to 2004. Our results indicate a robust positive relationship between temporary UN Security Council membership and participation in...

Persistent link: https://www.econbiz.de/10010263985

Does terror threaten human rights?: evidence from panel data

Dreher, Axel; Gassebner, Martin; Siemers, Lars-H. R. - 2007

The paper presents a political economy model linking terror and governments' respect for human rights. Using panel data for 111 countries over the period 1973-2002, we then empirically analyze whether and to what extent terror affects human rights - measured by three indices covering a wide...

Persistent link: https://www.econbiz.de/10010264082

Greasing the wheels of entrepreneurship?: the impact of regulations and corruption on firm entry

Dreher, Axel; Gassebner, Martin - 2007

The paper investigates whether the impact of regulations on entrepreneurship depends on corruption. We first test whether regulations robustly deter firm entry into the markets. Our results show that some regulations are indeed important determinants of entrepreneurial activity. Specifically,...

Persistent link: https://www.econbiz.de/10010264142

Do differences in institutional and legal environments explain cross-country variations in IPO underpricing?

Hopp, Christian; Dreher, Axel - 2007

We empirically analyze the determinants of Initial Public Offering (IPO) underpricing using panel data for 29 countries over the period 1988-2005. Our hypotheses stress the importance of institutional and legal factors in explaining cross-country variations. We find that increased protection of...

Persistent link: https://www.econbiz.de/10010264196

The politics of IMF forecasts

Dreher, Axel; Marchesi, Silvia; Vreeland, James Raymond - 2007

Using panel data for 157 countries over the period 1999-2005 we empirically investigate the politics involved in IMF economic forecasts. We find a systematic bias in growth and inflation forecasts. Our results indicate that countries voting in line with the US in the UN General Assembly receive...

Persistent link: https://www.econbiz.de/10010264236

Does membership in international organizations increase governments' credibility?: testing the effects of delegating powers

Dreher, Axel; Voigt, Stefan - 2008

This paper analyzes whether nation-state governments can increase their credibility by becoming members of international organizations. Credibility is an important asset because it determines the real interest rate and is expected to have an important impact on investment and growth. It is...

Persistent link: https://www.econbiz.de/10010264350