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The paper analyzes the relation between monetary uncertainty and government incentives to implement economic reforms that reduce structural distortions and make economies more flexible. It is shown that uncertainty about the central bank's reaction function leads to more reforms. I relate this...
Persistent link: https://www.econbiz.de/10013317517
We study the relationship between participation in free trade agreements (FTAs) and the sustainability of democracy … of regionalism and of worldwide democratization since the late 1980s …
Persistent link: https://www.econbiz.de/10013086606
The paper reexamines Lipset's theory of democratization, by distinguishing the role of (economic) development from that … explanation of the positive relationship between economic development, education, and democratization, and of the negative … relationship between inequality and democratization. Furthermore, we obtain new insights on the resources-curse hypothesis and on …
Persistent link: https://www.econbiz.de/10012963389
Democracy usually is identified by the right to vote. However, in recent times voting procedures have been criticized … process. We suggest invigorating an old but nearly forgotten procedure to overcome this deficit: Aleatoric Democracy based on … considered. Persons and ideas, being so far disregarded, are taken into account. Democracy becomes vivid and creative, and does …
Persistent link: https://www.econbiz.de/10012964771
This paper develops a new model of trade policy under dictatorship and democratization. The paper makes two …
Persistent link: https://www.econbiz.de/10012945109
This paper shows how a world price shock can increase the likelihood that democratization must be used to resolve the … price shock can push the country into a situation where the elite face a commitment problem that only democratization can … of national income per capita and democracy may not be positively correlated. The model is also useful for understanding …
Persistent link: https://www.econbiz.de/10013315548
establishing political democracy and human rights in key countries. In response, the EU increased the emphasis in the ENP on … supporting the democratization process in the Barcelona countries and on negotiating deep and comprehensive free trade agreements … prospect of such closer integration provide sufficient economic benefits to encourage progress in democratization in key …
Persistent link: https://www.econbiz.de/10013315891
Distance related variables typically vary in a cross-section dimension but less so in a time dimension across cities, regions, or countries. The enlargement of the EU or the introduction of the euro, however, can be looked upon as integration shocks that are informative of the consequences of...
Persistent link: https://www.econbiz.de/10013130414
Under what conditions can the European Neighbourhood Policy achieve one of its main objectives: to resolve conflicts in the European Union's neighbourhood? In the spirit of Montesquieu and Monnet, the basic hypothesis of the EU is that closer economic integration encourages governments to take...
Persistent link: https://www.econbiz.de/10013104253
We use a quantitative model to study the implications of European integration for welfare and migration flows across 1,318 regions. The model suggests that an increase of trade barriers to the level of 1957 reduces welfare by about 1-2 percent on average, depending on the presumed trade...
Persistent link: https://www.econbiz.de/10012963382