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Resource Rents, Democracy and Corruption : Evidence from Sub-Saharan Africa
Arezki, Rabah - 2013
We examine the effect of the interaction between resource rents and democracy on corruption for a panel of 29 Sub-Saharan countries during the period from 1985 to 2007. We find that higher resource rents lead to more corruption and that the effect is significantly stronger in less democratic...
Persistent link: https://www.econbiz.de/10013092386
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Female Empowerment and Male Backlash
Guarnieri, Eleonora - 2018
Do policies and institutions that promote women's economic empowerment have a long-term impact on intimate partner violence? We address this question by exploiting a natural experiment of history in Cameroon. From the end of WWI until 1961, the western territories of today's Cameroon were...
Persistent link: https://www.econbiz.de/10012916529
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Steady-State Growth and the Elasticity of Substitution
Irmen, Andreas - 2021
In a neoclassical economy with endogenous capital- and labor-augmenting technical change the steady-state growth rate of output per worker is shown to increase in the elasticity of substitution between capital and labor. This confirms the assessment of Klump and de La Grandville (2000) that the...
Persistent link: https://www.econbiz.de/10013316247
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Incomplete Property Rights and Overinvestment
Amegashie, J. Atsu - 2009
encroacher's valuation of the asset is increasing in the asset owner's investment. Due to incomplete property rights, the … encroacher and asset owner engage in a contest over the control of the asset after investment has taken place. A standard result … is that the asset owner will underinvest in the asset relative to the first-best level of investment when property rights …
Persistent link: https://www.econbiz.de/10013157848
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Policy Uncertainty and Manufacturing Investment : Evidence from U.S. State Elections
Shelton, Cameron A. - 2016
We estimate the effect of electorally induced policy uncertainty on investment in the manufacturing sector. Because …, and because the policies relevant to business investment vary systematically by party, uncertainty over the partisan … affiliation of the future governor is a source of political risk to firms considering business investment. More importantly, the …
Persistent link: https://www.econbiz.de/10012993110
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Earthquakes, Religion, and Transition to Self-Government in Italian Cities
Belloc, Marianna - 2016
This paper presents a unique historical experiment to explore the dynamics of institutional change in the Middle Ages. We have assembled a novel dataset, where information on political institutions for northern-central Italian cities between 1000 and 1300 is matched with detailed information on...
Persistent link: https://www.econbiz.de/10013002947
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Malthus Meets Luther : The Economics Behind the German Reformation
Curuk, Malik - 2016
The Reformation provided a powerful source of legitimacy for secularization of governance and enabled the regional authorities to change the institutional structure to eliminate the inefficiencies under the prevailing (Catholic) regime. We investigate this idea in a simple model of regime change...
Persistent link: https://www.econbiz.de/10012984569
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Reformation and Reallocation : Religious and Secular Economic Activity in Early Modern Germany
Cantoni, Davide - 2017
The Protestant Reformation, beginning in 1517, was a first-order economic shock. We document its effects on the sectoral allocation of economic activity in Germany using highly disaggregated data. During the Reformation, particularly in Protestant regions, large numbers of monasteries were...
Persistent link: https://www.econbiz.de/10012965641
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Trust in Public Institutions Over the Business Cycle
Stevenson, Betsey - 2011
We document that trust in public institutions — and particularly trust in banks, business and government — has declined over recent years. U.S. time series evidence suggests that this partly reflects the pro-cyclical nature of trust in institutions. Cross-country comparisons reveal a clear...
Persistent link: https://www.econbiz.de/10013128039
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Immigration, Attitudes and the Rise of the Political Right : The Role of Cultural and Economic Concerns Over Immigration
Davis, Lewis - 2016
With the rise of the far-right parties in the European parliamentary elections, concerns over immigration and national identity have again come into the limelight. In this paper, we document the empirical relationships between immigration, native concerns over the economic and cultural impact of...
Persistent link: https://www.econbiz.de/10012999791