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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
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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
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Autocratic Transitions and Growth
Nannicini, Tommaso; Ricciuti, Roberto - CESifo - 2010
statistical framework, in a panel of 160 countries, we focus on 14 episodes of transition from democracy to autocracy. We find …
Persistent link: https://www.econbiz.de/10008572505
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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
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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
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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
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Landownership Concentration and the Expansion of Education
Cinnirella, Francesco; Hornung, Erik - CESifo - 2011
This paper studies the effect of landownership concentration on school enrollment for nineteenth-century Prussia … institutions. We find that landownership concentration, a proxy for the institution of serf labor, has a negative effect on …
Persistent link: https://www.econbiz.de/10009325808
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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
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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
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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