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Globalization and the price decline of illicit drugs

Storti, Cláudia Costa; De Grauwe, Paul - 2007

Retail prices of major drugs like cocaine and heroin have declined dramatically during the last two decades. This price decline has tended to offset the effects of drug policies aimed at reducing drug use in major industrial countries. The main finding of this paper is that the decline in the...

Persistent link: https://www.econbiz.de/10010264125

Corruption and the shadow economy : an empirical analysis

Dreher, Axel; Schneider, Friedrich G. - 2006

This paper analyzes the influence of the shadow economy on corruption and vice versa. We hypothesize that corruption and shadow economy are substitutes in high income countries while they are complements in low income countries. The hypotheses are tested for a cross-section of 120 countries and...

Persistent link: https://www.econbiz.de/10010276563

The Political Economy of the G20 Agenda on Financial Regulation

Schuknecht, Ludger - 2020

The paper empirically examines the implementation record of international financial regulation of the banking sector … record is particularly strong in countries where large banking sectors and big banks are both present, and where regulation …

Persistent link: https://www.econbiz.de/10012824593

Climate Actions and Stranded Assets : The Role of Financial Regulation and Monetary Policy

Diluiso, Francesca - 2020

frictions and climate policy to study the risks a low-carbon transition poses to financial stability and the different … materialize. Financial regulation encouraging the decarbonization of the banks' balance sheets via tax-subsidy schemes … tool. A green credit policy as a response to a financial crisis originated in the fossil sector can potentially provide an …

Persistent link: https://www.econbiz.de/10012825396

Regulation, Financial Crises, and Liberalization Traps

Marchionne, Francesco - 2019

regulation on the probability of a crisis. We test this relationship by applying a Probit model of a non-linear specification to …: it rises as regulation stringency moves from low to medium levels and falls from medium to high levels. Countries located …

Persistent link: https://www.econbiz.de/10012866557

Coups, Regime Transition, and the Dynamics of Press Freedom

Bjørnskov, Christian - 2018

This paper explores the dynamics of press freedom around events that threaten or oust the incumbent regime of a country. While democracies on average grant the press more freedom, our theoretical starting point is that democracies and autocracies may have similar incentives to protect the power...

Persistent link: https://www.econbiz.de/10012908729

Think Global, Act Local! A Mechanism for Global Commons and Mobile Firms

Ahlvik, Lassi - 2019

stricter, not looser. This result is general and follows because policy-driven information rents act as targeted compensations … to firms that can efficiently limit the externality. The optimal mechanism supplements this strict local regulation with …

Persistent link: https://www.econbiz.de/10012871745

Politicians: be killed or survive

Frey, Bruno S.; Torgler, Benno - 2008

In the course of history, a large number of politicians have been assassinated. Rational choice hypotheses are developed and tested using panel data covering more than 100 countries over a period of 20 years. Several strategies, in addition to security measures, are shown to significantly reduce...

Persistent link: https://www.econbiz.de/10010264506

Natural resources: Curse or blessing?

van der Ploeg, Frederick - 2010

Are natural resources a 'curse' or a 'blessing'? The empirical evidence suggests either outcome is possible. The paper surveys a variety of hypotheses and supporting evidence for why some countries benefit and others lose from the presence of natural resources. These include that a resource...

Persistent link: https://www.econbiz.de/10010270490

Power over prosecutors corrupts politicians: cross country evidence using a new indicator

van Aaken, Anne; Feld, Lars P.; Voigt, Stefan - 2008

hypothesis is put to an empirical test focusing on a particular kind of crime, namely corruption. In order to test it, it was …

Persistent link: https://www.econbiz.de/10010270593