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Diversification, Dutch Disease, and Economic Growth: Options for Uganda

Gylfason, Thorvaldur; Nganou, Jean-Pascal Nguessa - CESifo - 2014

different from other oil-rich countries. In five main ways, all of which suggest the need for economic diversification as an …

Persistent link: https://www.econbiz.de/10011093976

Do Weak Institutions Prolong Crises? On the Identification, Characteristics, and Duration of Declines during Economic Slumps

Bluhm, Richard; Crombrugghe, Denis de; Szirmai, Adam - CESifo - 2014

This paper defines economic slumps as sequences of structural breaks exhibiting a specific pattern. We identify 58 such episodes between 1950 and 2008 among 138 countries, and then examine the phases of decline and their duration. In some countries declines last extremely long, and we put...

Persistent link: https://www.econbiz.de/10010736742

Constitution on Ice

Gylfason, Thorvaldur - CESifo - 2014

This paper reports recent events in Iceland where the political agents of oligarchs didn‘t even bother to try to … simply find ways to nullify the outcome ex post. The paper reviews and explains the making of Iceland’s crowd … fixed ex post, but this is what the Icelandic Parliament is at present trying to do, flirting with a farewell to democracy. …

Persistent link: https://www.econbiz.de/10010960641

Fiscal Federalism, Decentralization and Economic Growth: Survey and Meta-Analysis

Baskaran, Thushyanthan; Feld, Lars P.; Schnellenbach, Jan - CESifo - 2014

The theoretical literature on the economics of fiscal federalism has identified several potential effects of government decentralization on economic growth. Much of the traditional literature focuses on the efficiency aspects of a decentralized provision of public services. However,...

Persistent link: https://www.econbiz.de/10010948879

Towards Behavioral Political Economy of Institutional Change: With Field Facts from China

Zhang, Yongjing; Wang, Mei - CESifo - 2014

This study proposes an analytical framework towards behavioral political economy of institutional change. It considers institutional changes as central government’s choices under uncertainty, which are largely driven by the strategic outcomes in a behavioral coordination game between local...

Persistent link: https://www.econbiz.de/10010948883

Stock Markets, Banks and Long Run Economics Growth: A Panel Cointegration-Based Analysis

Cavenaile, Laurent; Gengenbach, Christian; Palm, Franz - CESifo - 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/10010723543

The Historical Roots of Corruption and Economic Development in Italy

Petrarca, Ilaria; Ricciuti, Roberto - CESifo - 2013

We claim that a sequential mechanism linking history to development exists: first, history defines the quality of 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,...

Persistent link: https://www.econbiz.de/10010641421

The Political Economy of Educational Content and Development: Lessons from History

Cantoni, Davide; Yuchtman, Noam - CESifo - 2013

Beyond years of schooling, educational content can play an important role in the process of economic development. Individuals’ choices of educational content are often shaped by the political economy of government policies that determine the incentives to acquire various skills. We first...

Persistent link: https://www.econbiz.de/10010643339

Political Institutions and Government Spending Behavior in Iran

Dizaji, Sajjad Faraji; Farzanegan, Mohammad Reza - CESifo - 2014

This study examines how quality of political institutions affects the distribution of government budget and how development of government spending in major sections shapes the political institutions in Iran. This question has become especially important due to recent international sanctions,...

Persistent link: https://www.econbiz.de/10010739347

Revisiting the Link between Growth and Federalism: A Bayesian Model Averaging Approach

Asatryan, Zareh; Feld, Lars P. - CESifo - 2013

Following the ambiguous results in the literature aimed at understanding the empirical link between fiscal federalism and economic growth, this paper revisits the question using a Bayesian Model Averaging approach. The analysis suggests that the failure to appropriately account for model...

Persistent link: https://www.econbiz.de/10010690384