Showing 1 - 10 of 590
An emerging literature on the geography of bohemians argues that a region's lifestyle and cultural amenities explain, at least partly, the unequal distribution of highly qualified people across space, which in turn, explains geographic disparities in economic growth. However, to date, there has...
Persistent link: https://www.econbiz.de/10013157845
This paper shows that Tabellini’s recent claim to have provided evidence that culture has a causal effect on economic development is unjustified. Tabellini’s claim is based on an instrumental variables analysis in which two instruments are used to identify the supposed causal effect. One of...
Persistent link: https://www.econbiz.de/10013315830
We explore whether the global financial crisis has had heterogeneous effects on traded goods differentiated by quality … quality exports grew faster before the crisis, but this trend reversed during the recession. Quantitatively, the effect is …
Persistent link: https://www.econbiz.de/10013010482
The global financial crisis of 2007-2009 spread through different channels from its origin in the United States to … large parts of the world. In this paper we explore the financial and the trade channel in a unified framework and quantify … internationally operating banking sector. We investigate the transmission of the crisis via the collapse of export demand and through …
Persistent link: https://www.econbiz.de/10012920861
Financial Crisis, 2007/8. We analyze the time-varying nature of this relationship in rolling regressions and an historical … dataset. In the subset of countries with enforceability problems, we find that the link between occasional crisis, measured by …
Persistent link: https://www.econbiz.de/10012914607
The financial crisis of 2007-2008 had major implications for the foreign exchange market. We review events and … intended to be a resource for researchers seeking a comprehensive review of the “what, why and when” of the financial crisis in … illustrate the dramatic nature of the current crisis compared to earlier crises. We also examine how the global FSI might have …
Persistent link: https://www.econbiz.de/10013095774
Economic growth is propelled in part by the accumulation of different kinds of capital, including social capital in its several guises. This paper considers the interplay between financial crises and various aspects of social capital which, if it is allowed to depreciate, can undermine economic...
Persistent link: https://www.econbiz.de/10013019409
We investigate the prevalence and determinants of ethnic favoritism, i.e., preferential public policies targeted at the political leader's ethnic group. We construct a panel dataset of 2,022 ethnographic regions from 139 countries with annual observations from 1992 to 2012, and use nighttime...
Persistent link: https://www.econbiz.de/10013027085
This paper analyzes the impact of fiscal competition through infrastructure in a New Economic Geography framework. It is shown that regional competition leads to convergence if the trade costs are high but induces divergence if trade cost have fallen below a certain value. Moreover, fiscal...
Persistent link: https://www.econbiz.de/10012776022
This paper studies the performance of China's exports during the 2008—2009 financial crisis. It focuses on the speed at … trade prior to the crisis are hit by the recession earlier than other products …
Persistent link: https://www.econbiz.de/10013120072