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Jim Yong Kim, President of the World Bank Group, spoke about how corruption poses an enormous obstacle to economic and … social development, and the global goal of ending extreme poverty by 2030. He defined corruption as stealing from the poor …. The Bank that has zero tolerance for corruption, has opened itself to scrutiny, and is influencing governments and the …
Persistent link: https://www.econbiz.de/10012645675
Persistent link: https://www.econbiz.de/10003497703
Using a large international firm-level data set, we estimate separate effects of host and parent country taxation on the location decisions of multinational firms. Both types of taxation are estimated to have a negative impact on the location of new foreign subsidiaries. In fact, the impact of...
Persistent link: https://www.econbiz.de/10003805989
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that arise along the way. Special attention is given to Norway, the world's third largest oil exporter, and the role of …
Persistent link: https://www.econbiz.de/10009010049
Does trade openness cause higher GDP per capita? Since the seminal instrumental variables (IV) estimates of Frankel and Romer [F&R](1999) important doubts have surfaced. Is the correlation spurious and driven by omitted geographical and institutional variables? In this paper, we generalize F&R's...
Persistent link: https://www.econbiz.de/10009240715
This essay reviews the relationship between natural-resource abundance and economic growth around the world, and … protection, corruption, and income inequality. The cross-sectional data show, moreover, that the share of the primary sector in …
Persistent link: https://www.econbiz.de/10011397924
abundant natural capital tend to have (a) less trade and foreign investment, (b) more corruption, (c) less education, and (d …
Persistent link: https://www.econbiz.de/10011399567
Historical data for over hundred years and 14 countries is used to estimate the long-run effect of productivity on the real exchange rate. We find large variations in the productivity effect across four distinct monetary regimes in the sample period. Although the traditional Balassa-Samuelson...
Persistent link: https://www.econbiz.de/10010374513
Growth theory predicts that natural disasters should, on impact, lower GDP per capita. However, the empirical literature does not offer conclusive evidence. Most existing studies use disaster data drawn from damage records of insurance companies. We argue that this may lead to estimation bias as...
Persistent link: https://www.econbiz.de/10010199740