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World Price Shocks, Income, and Democratization

Zissimos, Benjamin - CESifo - 2015

This paper shows how a world price shock can increase the likelihood that democratization must be used to resolve the threat of revolution. Initially, a ruling elite may be able to use trade policy to maintain political stability. But a world price shock can push the country into a situation...

Persistent link: https://www.econbiz.de/10011194242

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

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

Geography, Institutions, and the Making of Comparative Development

Auer, Raphael A. - CESifo - 2012

the historical determinants of institutions with the sizeable direct impact of geographic endowments on development. …

Persistent link: https://www.econbiz.de/10010556461

Fiscal Equalization Schemes and Fiscal Sustainability

Potrafke, Niklas; Reischmann, Markus - CESifo - 2012

Fiscal sustainability tests have largely ignored the institutional setting of fiscal policy making. Fiscal equalization schemes in federal states are one such institution. We examine whether German state governments pursue sustainable fiscal policies taking into account fiscal equalization...

Persistent link: https://www.econbiz.de/10010578156

Does Public Governance always Matter? How Experience of Poor Institutional Quality Influences FDI to the South

Darby, Julia; Desbordes, Rodolphe; Wooton, Ian - CESifo - 2010

This paper investigates whether the higher prevalence of South multinational enterprises (MNEs) in risky developing countries may be explained by the experience that they have acquired of poor institutional quality at home. We confirm the intuition provided by our analytical model by empirically...

Persistent link: https://www.econbiz.de/10008833879

Institutions and Economic Growth in Historical Perspective: Part 1

Ogilvie, Sheilagh; Carus, A. W. - CESifo - 2014

This is Part 1 of a two-part paper which surveys the historical evidence on the role of institutions in economic growth … that private-order institutions have not historically substituted for public-order ones in enabling markets to function …, clarify the growth effects of other institutions, including contract-enforcement mechanisms, guilds, communities, serfdom, and …

Persistent link: https://www.econbiz.de/10010877698

Human Capital and National Institutional Quality: Are TIMSS, PISA, and National Average IQ Robust Predictors?

Jones, Garett; Potrafke, Niklas - CESifo - 2014

Is human capital a robust predictor of good institutions? Using a new institutional quality measure, the International …

Persistent link: https://www.econbiz.de/10010877712

Institutions and Economic Growth in Historical Perspective: Part 2

Ogilvie, Sheilagh; Carus, A. W. - CESifo - 2014

This is Part 2 of a two-part paper which surveys the historical evidence on the role of institutions in economic growth … that private-order institutions have not historically substituted for public-order ones in enabling markets to function …, clarify the growth effects of other institutions, including contract-enforcement mechanisms, guilds, communities, serfdom, and …

Persistent link: https://www.econbiz.de/10010877727

The Business Environment in the Transition

Carlin, Wendy; Schaffer, Mark - CESifo - 2012

Following the collapse of planning, new small and medium-sized firms rapidly emerged in all transition economies. Using firm level data, we investigate the interaction between the widespread opportunities for new business activities such firms faced and their business environment. The business...

Persistent link: https://www.econbiz.de/10010877887