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Pareto-Improving Structural Reforms
Saint-Paul, Gilles - 2019
Economists recommend to partly redistribute gains to losers from a structural reform, which in many cases may be required for making the reform politically viable. However, taxation is distortionary. Then, it is unclear that compensatory transfers can support a Pareto-improving reform. This...
Persistent link: https://www.econbiz.de/10012892197
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Using Machine Learning for Measuring Democracy : An Update
Gründler, Klaus; Krieger, Tommy - 2021
We provide a comprehensive overview of the literature on the measurement of democracy and present an extensive update … improvements are particularly notable: First, we produce a continuous and a dichotomous version of the Machine Learning democracy … conceptualization of the Machine Learning Index. Finally, we largely expand the data coverage by providing democracy indicators for 186 …
Persistent link: https://www.econbiz.de/10013244246
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Structural Reforms and Income Inequality : Who Benefits from Market-Oriented Reforms?
Gründler, Klaus - 2020
We examine how structural reforms relate to income inequality. We employ many indicators of structural reforms and use 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...
Persistent link: https://www.econbiz.de/10012843419
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Economic and political liberalizations
Giavazzi, Francesco; Tabellini, Guido - 2004
liberalizations correspond to the event of becoming a democracy. Using a difference-indifference estimation, we ask what are the …
Persistent link: https://www.econbiz.de/10010261237
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Financial Policymaking after Crises: Public vs. Private Interests
Saka, Orkun; Ji, Yuemei; De Grauwe, Paul - 2021
We first present a simple model of post-crisis policymaking driven by both public and private interests. Using a novel dataset covering 94 countries between 1973 and 2015, we then establish that financial crises can lead to government interventions in financial markets. Consistent with a public...
Persistent link: https://www.econbiz.de/10012599218
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Financial Policymaking after Crises : Public vs. Private Interests
Saka, Orkun; Ji, Yuemei; De Grauwe, Paul - 2021
We first present a simple model of post-crisis policymaking driven by both public and private interests. Using a novel dataset covering 94 countries between 1973 and 2015, we then establish that financial crises can lead to government interventions in financial markets. Consistent with a public...
Persistent link: https://www.econbiz.de/10013224071
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Democracy and development : the devil in the details
Persson, Torsten; Tabellini, Guido - 2006
Does democracy promote economic development? This paper reviews recent attempts to address this question that exploited … explain why presidential democracy leads to faster growth than parliamentary democracy. Third, it is important to distinguish … growth effect of democracy. …
Persistent link: https://www.econbiz.de/10010261420
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The Impact of Consumer Protection in the Digital Age: Evidence from the European Union
Rösner, Anja; Haucap, Justus; Heimeshoff, Ulrich - 2020
We investigate the effect of an EU-wide consumer protection regulation on consumer trust as well as consumer behavior. The Unfair Commercial Practice Directive (UCPD) was implemented by EU member states between 2007 and 2010. We utilize data from the Special and Flash Eurobarometer for the years...
Persistent link: https://www.econbiz.de/10012179880
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The Impact of Consumer Protection in the Digital Age : Evidence from the European Union
Rösner, Anja - 2020
We investigate the effect of an EU-wide consumer protection regulation on consumer trust as well as consumer behavior. The Unfair Commercial Practice Directive (UCPD) was implemented by EU member states between 2007 and 2010. We utilize data from the Special and Flash Eurobarometer for the years...
Persistent link: https://www.econbiz.de/10012841928
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Tullock challenges: Happiness, revolutions and democracy
Frey, Bruno S. - 2011
Gordon Tullock has been one of the most important founders and contributors to Public Choice. Two innovations are typical 'Tullock Challenges'. The first relates to method: the measurement of subjective well-being, or happiness. The second relates to digital social networks such as Facebook,...
Persistent link: https://www.econbiz.de/10010274770