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What Do Central Bankers Do? Evidence from the European Central Banks' Executive Board
Badinger, Harald; Nitsch, Volker - 2019
This paper examines how managers at the top of a public institution, central bank executives, allocate their working time. Using detailed information from personal diaries of the six members of the European Central Bank’s Executive Board over a period of two years, we codify and analyze more...
Persistent link: https://www.econbiz.de/10012018158
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Petty Corruption and Citizen Feedback
Angelucci, Charles; Russo, Antonio - 2015
Numerous countries are introducing citizen feedback schemes to tame corruption. We study how best to incorporate …
Persistent link: https://www.econbiz.de/10011388212
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The Historical Roots of Corruption and Economic Development in Italy
Petrarca, Ilaria; Ricciuti, Roberto - 2013
social capital; then, social capital determines the level of corruption; finally, corruption affects economic performance. We … test this hypothesis on a dataset of Italian provinces, and address the possible endogeneity of corruption by applying an … IV model. We use three sets of historical instruments for corruption: 1) foreign dominations in 16th-17th century, 2 …
Persistent link: https://www.econbiz.de/10010293919
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Stock Markets, Banks and Long Run Economics Growth: A Panel Cointegration-Based Analysis
Cavenaile, Laurent; Gengenbach, Christian; Palm, Franz - 2013
The aim of this paper is to investigate the long run relationship between the development of banks and stock markets and economic growth. We make use of a Johansen-based panel cointegration methodology allowing for cross-country dependence to test the number of cointegrating vectors among these...
Persistent link: https://www.econbiz.de/10010328841
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Roots of Autocracy
Galor, Oded; Klemp, Marc P. B. - 2017
Exploiting a novel geo-referenced data set of population diversity across ethnic groups, this research advances the hypothesis and empirically establishes that variation in population diversity across human societies, as determined in the course of the exodus of human from Africa tens of...
Persistent link: https://www.econbiz.de/10011657148
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Fiscal Federalism and Economic Performance - New Evidence from Switzerland
Burret, Heiko T.; Feld, Lars P.; Schaltegger, Christoph A. - 2018
The link between federalism and economic performance is still ambiguous. Aiming at clarification, we improve on a widespread shortcoming by measuring federalism not just by one variable but by various institutions that constitute it. To this end, Switzerland provides for a laboratory as its 26...
Persistent link: https://www.econbiz.de/10011932000
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State Capacity, National Economic Policies and Local Development: The Russian State in the Southern Urals
Asmus, Gerda; Franck, Raphaël - 2022
This study analyzes how state capacity shapes the local impact of national policies by exploiting a quasi-natural experiment in the regional expansion of the state. It uses the local discontinuity created by the boundary of the largest peasant rebellion in 18th century Russia where the state...
Persistent link: https://www.econbiz.de/10013177650
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Rent Seeking, Capital Accumulation, and Macroeconomic Growth
Heijdra, Ben J.; Heijnen, Pim - 2023
We study the effects of time-using rent-seeking activities on the macroeconomic allocation and the economic growth rate. We formulate a highly stylized three-sector general equilibrium model with overlapping generations of individuals. The production side features one sector producing the...
Persistent link: https://www.econbiz.de/10014469320
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The Nexus between Economic Freedom and Economic Growth in the LDCs. An Empirical Analysis for the Period 2000-2021
Afonso, António; Blanco-Arana, M. Carmen - 2023
Economic freedom and economic growth can be connected in most countries, but it is often necessary to specify those aspects of economic freedom that can foster economic growth. This paper examines the nexus between economic freedom and economic growth in the Least Developed Countries (LDCs)...
Persistent link: https://www.econbiz.de/10014469462
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Fiscal Federalism, Decentralization and Economic Growth: Survey and Meta-Analysis
Baskaran, Thushyanthan; Feld, Lars P.; Schnellenbach, Jan - 2014
innovate and carry out reforms. On the contrary, some authors argue that decentralization increases corruption and government …
Persistent link: https://www.econbiz.de/10010420710