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Shadow Economies and Corruption All Over the World : What Do We Really Know?

Schneider, Friedrich - 2021

estimation methods are discussed and critically evaluated …

Persistent link: https://www.econbiz.de/10013317397

Nannicini, Tommaso - 2010

statistical framework, in a panel of 160 countries, we focus on 14 episodes of transition from democracy to autocracy. We find …

Persistent link: https://www.econbiz.de/10013147271

Commodity Price Volatility, Democracy and Economic Growth

Arezki, Rabah - 2013

We use a new dataset on non-resource GDP to examine the impact of commodity price volatility on economic growth in a panel of up to 158 countries during the period 1970-2007. Our main finding is that commodity price volatility leads to a significant increase in non-resource GDP growth in...

Persistent link: https://www.econbiz.de/10013092229

Asymmetry in Volatility : A Comparison of Developed and Transition Stock Markets

Wdowinski, Piotr; Malecka, Marta - 2021

ARCH modelling framework of Engle (1982) and its GARCH generalization of Bollerslev (1986) gave a huge impetus to econometric model building in the field of financial time series with time-varying variance. The main idea of the models was to describe the most typical features of capital markets...

Persistent link: https://www.econbiz.de/10013316234

Political Capitalism : The Interaction between Income Inequality, Economic Freedom and Democracy

Krieger, Tim - 2016

inequality on economic freedom is robust to different sets of controls and estimation techniques. Finally, we show that the … democracy, where a powerful economic elite cooperates with politicians and bureaucrats for their mutual benefit …

Persistent link: https://www.econbiz.de/10012999751

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

Exchange Rate Volatility and Growth in Emerging Europe and East Asia

Schnabl, Gunther - 2021

The paper investigates the impact of exchange rate volatility on growth in Emerging Europe and East Asia. Exchange stability has been argued to affect growth negatively as it deprives countries from the ability to react in a flexible way to asymmetric real shocks and may enhance the probability...

Persistent link: https://www.econbiz.de/10013317017

The Business Environment in the Transition

Carlin, Wendy - 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/10013100506

Structural Reforms, Growth and Inequality : An Overview of Theory, Measurement and Evidence

Campos, Nauro F. - 2018

This paper provides a critical overview of the state of the art in the economics literature on structural reforms. It takes stock of theoretical developments, measurement efforts and of the econometric evidence. We start with a simple theoretical framework for the relationship between structural...

Persistent link: https://www.econbiz.de/10012927189

Financial Development and Inequality in the Global Economy

von Ehrlich, Maximilian - 2016

We build a heterogeneous-firms model with firm-specific wages and credit frictions to study the role of financial development for inequality in the global economy. If there are many small firms, better access to external funds reduces wage inequality and unemployment. In contrast, if there are...

Persistent link: https://www.econbiz.de/10012996265

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