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How I Learned to Stop Worrying and Love the Crisis
Fidrmuc, Jan; Tichit, Ariane - CESifo - 2012
We investigate the effects of economic crises on the subsequent economic performance, economic reform, democratization and institutional change. Our analysis is based on a sample of post-communist countries, most of which experienced severe economic crises during the 1990s. We find that the...
Persistent link: https://www.econbiz.de/10009645638
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Reform, Uncertainty and Spillovers - A Gravity Model Approach
Fidrmuc, Jan; Karaja, Elira; Tichit, Ariane - CESifo - 2012
Reforms often occur in waves, seemingly cascading from country to country. We argue that such reform waves may be driven by informational spillovers: uncertainty about the outcome of reform is reduced by learning from the experience of similar countries. We motivate this hypothesis with a simple...
Persistent link: https://www.econbiz.de/10009651184
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Reform, Uncertainty and Spillovers - A Gravity Model Approach
Fidrmuc, Jan - 2012
Reforms often occur in waves, seemingly cascading from country to country. We argue that such reform waves may be driven by informational spillovers: uncertainty about the outcome of reform is reduced by learning from the experience of similar countries. We motivate this hypothesis with a simple...
Persistent link: https://www.econbiz.de/10013109753
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How I Learned to Stop Worrying and Love the Crisis
Fidrmuc, Jan - 2012
We investigate the effects of economic crises on the subsequent economic performance, economic reform, democratization and institutional change. Our analysis is based on a sample of post-communist countries, most of which experienced severe economic crises during the 1990s. We find that the...
Persistent link: https://www.econbiz.de/10013111368
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Politics and IMF Conditionality
Dreher, Axel; Sturm, Jan-Egbert; Vreeland, James Raymond - CESifo - 2013
Bailouts sponsored by the International Monetary Fund (IMF) are famous for their conditionality: in return for continued installments of desperately needed loans, governments must comply with austere policy changes. Many have suggested, however, that politically important countries face rather...
Persistent link: https://www.econbiz.de/10010877803
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A Lipsetian Theory of Democratization : Development, Education, Inequality, and Resources
Boucekkine, Raouf - 2017
The paper reexamines Lipset's theory of democratization, by distinguishing the role of (economic) development from that of education, inequality, and (natural) resources. We highlight two contrasting effects of education and human capital accumulation. On the one side, education prompts economic...
Persistent link: https://www.econbiz.de/10012963389
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Democracy and Growth : Evidence of a New Measurement
Gründler, Klaus - 2016
We present a novel approach for measuring democracy based on Support Vector Machines, a mathematical algorithm for … pattern recognition. The Support Vector Machines Democracy Index (SVMDI) is continuously on the 0-1-interval and enables a … very detailed measurement of democracy for 188 countries between 1981 and 2011. Application of the SVMDI highlights a …
Persistent link: https://www.econbiz.de/10013001148
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The Female Vote and the Rise of AKP in Turkey
Fidrmuc, Jan; Tunali, Cigdem Börke - CESifo - 2015
Differences between the voting behavior of men and women have become one of the most significant issues in social … science research in recent years. In this study, we examine whether there is gender gap in voting behavior in Turkey. Using … European Social Survey data, we find that education level and religiosity are the main determinants of voting behavior of both …
Persistent link: https://www.econbiz.de/10011194239
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Membership has its Privileges - The Effect of Membership in International Organizations on FDI
Dreher, Axel; Mikosch, Heiner; Voigt, Stefan - CESifo - 2010
We argue that membership in International Organizations (IOs) is an important determinant of FDI inflows. To the extent that membership restricts a country from pursuing policies that are harmful to investors, it can signal low political risk. Using data over the 1971-2005 period, we find that...
Persistent link: https://www.econbiz.de/10008727297
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Financial Devlopment, Environmental Quality, Trade and Economic Growth: What Causes What in MENA Countries?
Omri, Anis; Daly, Saida; Rault, Christophe; Chaibi, Anissa - CESifo - 2015
This paper examines the relationship between financial development, CO2 emissions, trade and economic growth using simultaneous-equation panel data models for a panel of 12 MENA countries over the period 1990-2011. Our results indicate that there is evidence of bidirectional causality between...
Persistent link: https://www.econbiz.de/10011165503