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Finance and Income Inequality : A Review and New Evidence
de Haan, Jakob - 2016
Using a panel fixed effects model for a sample of 121 countries covering 1975‐2005, we examine how financial development, financial liberalization and banking crises are related to income inequality. In contrast with most previous work, our results suggest that all finance variables increase...
Persistent link: https://www.econbiz.de/10012980576
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The (Economic) Effects of Lay Participation in Courts - A Cross-Country Analysis
Voigt, Stefan - 2021
Legal philosophers like Montesquieu, Hegel and Tocqueville have argued that lay participation in judicial decision-making would have benefits reaching far beyond the realm of the legal system narrowly understood. From an economic point of view, lay participation in judicial decision-making can...
Persistent link: https://www.econbiz.de/10013316487
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The Volatility Curse : Revisiting the Paradox of Plenty
van der Ploeg, Rick - 2013
The volatility of unanticipated output growth in income per capita is detrimental to long-run development, controlling for initial income per capita, population growth, human capital, investment, openness and natural resource dependence. This effect is significant and robust over a wide range of...
Persistent link: https://www.econbiz.de/10012753136
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Conservation Contracts and Political Regimes
Harstad, Bård - 2015
Motivated by tropical deforestation, we analyze (i) a novel theory of resource extraction, (ii) the optimal conservation contract, (iii) when the donor prefers contracting with central rather than local governments, and (iv) how the donor's presence may induce institutional change. Deforestation...
Persistent link: https://www.econbiz.de/10013023102
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The Impact of Financial (De-)Regulation on Current Account Balances
Moral-Benito, Enrique - 2014
Both global imbalances and financial market (de-)regulation feature prominently among the potential causes of the … investigate the relationship between financial market regulation and current account balances, an area for which limited empirical …
Persistent link: https://www.econbiz.de/10013043215
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Financial Liberalization in a Small Open Economy
von Hagen, Jürgen; Zhang, Haiping - 2021
financial regulation in other sectors. Second, financial liberalization may have opposite welfare implications to domestic …
Persistent link: https://www.econbiz.de/10013317493
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Cross-Border Banking in Regulated Markets : Is Financial Integration Desirable?
Haufler, Andreas - 2016
We set up a two-country, regional model of trade in financial services. Competitive firms in each country manufacture untraded consumer goods in an uncertain productive environment, borrowing funds from a bank in either the home or the foreign market. Duopolistic banks can choose their levels of...
Persistent link: https://www.econbiz.de/10012978391
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Granularity in Banking and Growth : Does Financial Openness Matter?
Bremus, Franziska - 2013
We explore the impact of large banks and of financial openness for aggregate growth. Large banks matter because of granular effects: if markets are very concentrated in terms of the size distribution of banks, idiosyncratic shocks at the bank-level do not cancel out in the aggregate but can...
Persistent link: https://www.econbiz.de/10013077036
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The Quantification of Structural Reforms : Extending the Framework to Emerging Market Economies
Égert, Balázs - 2018
. More competition-friendly regulations, as measured by the OECDs' Product Market Regulation (PMR) indicator improve economic … businesses boost the capital stock and the employment rate. No robust link between labour market regulation and MFP and capital … deepening could be established. But looser labour market regulation is found to go hand in hand with higher employment rates …
Persistent link: https://www.econbiz.de/10012920765
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The Engine Immobilizer : A Non-Starter for Car Thieves
van Ours, Jan C. - 2013
precaution. Regulation made application of the electronic engine immobilizer, a simple and low-cost anti-theft device, mandatory … for all new cars sold within the European Union as of 1998. We exploit the regulation as source of exogenous variation in …
Persistent link: https://www.econbiz.de/10013086983