Narrow search
Showing 1 - 10 of 657
Cover Image
Economic Policy Uncertainty : Persistence and Cross-Country Linkages
Aikins Abakah, Emmanuel Joel - 2020
This paper provides new evidence on the stochastic behaviour of the EPU (Economic Policy Uncertainty (EPU) index constructed by Baker et al. (2016) in six of the biggest economies (Canada, France, Japan, US, Ireland, and Sweden) over the period from January 1985 to October 2019. In particular,...
Persistent link: https://www.econbiz.de/10012833734
Cover Image
Diasporas and Economic Development : A Review of the Evidence and Policy
Bahar, Dany - 2020
The paper reviews recent literature on the economics of migration and diasporas, focusing on economic gains and opportunities that these diasporas could represent for home countries. In addition, the paper discusses policies aimed at leveraging this "diaspora capital"
Persistent link: https://www.econbiz.de/10012841140
Cover Image
International Value-Added Linkages in Development Accounting
Cuñat, Alejandro - 2018
We generalise the traditional development-accounting framework to an open-economy setting. In addition to factor endowments and productivity, relative factor costs emerge as a source of real-income variation across countries. These are shaped by bilateral trade determinants (which underpin the...
Persistent link: https://www.econbiz.de/10012908693
Cover Image
Political Risk and Real Exchange Rate : What Can We Learn from Recent Developments in Panel Data Econometrics for Emerging and Developing Countries?
Bahmani‐Oskooee, Mohsen - 2019
This paper focuses on the analysis of the long-run response of the Real Exchange Rate (RER) to political risks and tests whether non-economic variables have an impact on RER in 31 emerging and developing countries. We use annual data from the International Country Risk Guide database over the...
Persistent link: https://www.econbiz.de/10012892145
Cover Image
Stigma or Cushion? IMF Programs and Sovereign Creditworthiness
Gehring, Kai - 2018
IMF programs are often considered to carry a “stigma” that triggers adverse market reactions. We show that such a negative IMF effect disappears when accounting for endogenous selection into programs. To proxy for a country's access to financial markets, we use credit ratings and investor...
Persistent link: https://www.econbiz.de/10012920590
Cover Image
On the Preferred Creditor Status of Multilateral Development Banks
Amegashie, J. Atsu - 2023
The loans of the IMF, World Bank, and other multilateral development banks (MDBs) are excluded from debt restructuring …
Persistent link: https://www.econbiz.de/10014347019
Cover Image
Religion in Economic History : A Survey
Becker, Sascha O. - 2020
This paper surveys the recent social science literature on religion in economic history, covering both socioeconomic … causes and consequences of religion. Following the rapidly growing literature, it focuses on the three main monotheisms …-country analyses seek to understand the broader determinants of religious practice and its various effects across the world. We …
Persistent link: https://www.econbiz.de/10012830986
Cover Image
New Firms, Capital Intensity and the Labor Share : New Theoretical and Empirical Insights
Grazzini, Jakob - 2020
This paper considers a two sectors heterogeneous firms model where firms' specific production technology and capital intensity are endogenously determined through business dynamics. It shows that a shock to the relative price of investment goods is followed by the entrance of new firms...
Persistent link: https://www.econbiz.de/10012834880
Cover Image
Are Business Start-Ups Liquidity Constrained? Evidence from a Quasi-Experimental Allocation of Housing Wealth in East Germany
Fuchs, Tobias - 2019
Are entrepreneurs liquidity constraint? Using quasi-random housing wealth variation resulting from communist era decisions, we argue yes, as we find that wealthier East Germans are more likely to become self-employed after reunification. In the literature, no such strong relationship was found...
Persistent link: https://www.econbiz.de/10012865172
Cover Image
Crowdfunding Dynamics
Belleflamme, Paul - 2019
Various forms of social learning and network effects are at work on crowdfunding platforms, giving rise to informational and payoff externalities. We use novel entrepreneur-backer data to study how these externalities shape funding dynamics, within and across projects. We find that backers...
Persistent link: https://www.econbiz.de/10012861378