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To reconcile the mixed empirical results, we develop a theoretical model whose main implication is a concave impact of regulation on the probability of a crisis. We test this relationship by applying a Probit model of a non-linear specification to annual data from 1999 to 2011 drawn from 132...
Persistent link: https://www.econbiz.de/10012866557
data for market and net income inequality. The dataset includes up to 135 countries since 1960. The results do not suggest … that market-oriented structural reforms were associated with rising income inequality in the full sample. Trade and …-income citizens increased to a smaller extent than the income of high-income citizens. The results suggest quite the opposite: market …
Persistent link: https://www.econbiz.de/10012843419
, distributional effects have been more difficult to assess. In the electricity sector, deregulation has vastly increased information … available to market participants through the formation of wholesale markets. We test whether upstream suppliers, specifically … impact of deregulation. This also means policies that change fuel prices can have substantially different effects on …
Persistent link: https://www.econbiz.de/10012892212
We study the labor market outcomes of a deregulation reform in Germany that removed licensing requirements to become …
Persistent link: https://www.econbiz.de/10012892300
U.S. state-level banking deregulation during the 1980’s mitigated the impact of the China trade shock (CTS) on local …
Persistent link: https://www.econbiz.de/10013243243
In this article we investigate the deregulation efforts resulting from the 2015 transposition of the EU’s Transparency … the deregulation on average increase information asymmetry and reduce firm value. We find that this effect is stronger for …
Persistent link: https://www.econbiz.de/10013323972
We examine the impact of various dimensions of financial reform on the likelihood of systemic and non-systemic banking crises. Using new financial reform measures for a large sample of developing and developed countries for the period 1973 to 2002, our multivariate probit modeling results...
Persistent link: https://www.econbiz.de/10010266048
. Economic liberalizations are measured by a widely used indicator that captures the scope of the market in the economy, and in …
Persistent link: https://www.econbiz.de/10010261237
Does democracy promote economic development? This paper reviews recent attempts to address this question that exploited within-country variation. It shows that the answer is largely positive, but also depends on the details of democratic reforms. First, the sequence of economic vs political...
Persistent link: https://www.econbiz.de/10010261420
The general-equilibrium effects of performance-related teacher pay include long-term incentive and teacher-sorting mechanisms that usually elude experimental studies but are captured in cross-country comparisons. Combining country-level performance-pay measures with rich PISA-2003 international...
Persistent link: https://www.econbiz.de/10013139418