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Corruption and Economic Growth : New Empirical Evidence
Gründler, Klaus - 2019
The nexus between corruption and economic growth has been examined for a long time. Many empirical studies measured … corruption by the reversed Transparency International's Perception of Corruption Index (CPI) and ignored that the CPI was not … 2012-2018 and re-examine the nexus between corruption and economic growth. The cumulative long-run effect of corruption on …
Persistent link: https://www.econbiz.de/10012861457
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Sectoral Okun's Law and Cross-Country Cyclical Differences
Goto, Eiji - 2020
We estimate Okun's law, the negative relationship between output and the unemployment rate, at the sector level for the US, the UK, Japan, and Switzerland to test several hypotheses that may explain why the aggregate Okun's coeffcients are different across countries. Specifically, we show that...
Persistent link: https://www.econbiz.de/10012841145
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Fiscal Federalism and Economic Performance - New Evidence from Switzerland
Burret, Heiko - 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/10012908641
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The Impact of Product and Labour Market Reform on Growth : Evidence for OECD Countries Based on Local Projections
de Haan, Jakob - 2020
This paper examines the impact of labour and product market reforms on economic growth in 25 OECD countries between 1985 and 2013, and tests whether this impact is conditioned by the fiscal policy stance, i.e. whether there are fiscal expansions or adjustments. Our local projection results...
Persistent link: https://www.econbiz.de/10012829322
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Hoarding of International Reserves : Mrs Machlup's Wardrobe and the Joneses
Cheung, Yin-Wong; Qian, Xingwang - 2021
crisis period. Individual economy estimation results, however, show that the Joneses effect varies across economies …
Persistent link: https://www.econbiz.de/10013316903
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The Short-Run and Long-Run Effects of Trade Openness on Financial Development : Some Panel Evidence for Europe
Caporale, Guglielmo Maria; Sova, Anamaria; Sova, Robert - 2021
This paper analyses the short- and long-run effects of trade openness on financial development in a panel including data on 35 European countries over the period 2001-2019. For this purpose, it uses the PMG (pooled mean group) estimator for dynamic panels developed by Pesaran et al. (1999). The...
Persistent link: https://www.econbiz.de/10013227601
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Corruption, seigniorage and growth: theory and evidence
Blackburn, Keith; Neanidis, Kyriakos C.; Haque, M. Emranul - 2008
This paper presents an analysis of the effect of bureaucratic corruption on economic growth through a public finance …. Corruption takes the form of the embezzlement of public funds, the effect of which is to increase the government's reliance on … of the government's budget constraint, we find strong evidence to support these predictions under different estimation …
Persistent link: https://www.econbiz.de/10010264401
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The Effect of Public Corruption on COVID-19 Fatality Rate : A Cross-Country Examination
Farzanegan, Mohammad Reza - 2021
This paper evaluates whether the level of public corruption influences COVID-19 case fatality rates. Using cross …-section data, including 64 countries and multiple regression techniques, we find that the level of corruption is positively and …
Persistent link: https://www.econbiz.de/10013239558
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The Political Economy of the Prussian Three-Class Franchise
Becker, Sascha O. - 2019
Did the Prussian three-class franchise, which politically over-represented the economic elite, affect policy-making? Combining MP-level political orientation, derived from all roll call votes in the Prussian parliament (1867-1903), with constituency characteristics, we analyze how local vote...
Persistent link: https://www.econbiz.de/10012861476
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Creativity Over Time and Space - a Historical Analysis of European Cities
Serafinelli, Michel; Tabellini, Guido - 2021
Creativity is often highly concentrated in time and space, and across different domains. What explains the formation and decay of clusters of creativity? We match data on notable individuals born in Europe between the XIth and the XIXth century with historical city data. The production and...
Persistent link: https://www.econbiz.de/10013235118