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We analyze the influence of IMF and World Bank programs on political regime transitions. We develop an extended version of Acemoglu and Robinson's [American Economic Review 91, 2001] model of political transitions to show how the anticipation of new loans from in-ternational financial...
Persistent link: https://www.econbiz.de/10009630635
policies of the current government could be improved (Matheson et al. 2007). This paper examines an attempt to de … government officials and experts as well as legal acts, available documents, articles, and personal interviews. The paper …
Persistent link: https://www.econbiz.de/10012246051
This paper studies empirically the effects of and the interactions amongst economic and political liberalizations. Economic liberalizations are measured by a widely used indicator that captures the scope of the market in the economy, and in particular of policies towards freer international...
Persistent link: https://www.econbiz.de/10011450308
Gross domestic product (GDP) growth in China has remained strong in 2017, exceeding market expectations. Supported by … contribution of fixed investment has declined notably. This was partly driven by government efforts to limit local government off … supporting economic activity in China in 2017. Net exports contributed positively to growth for three consecutive quarters …
Persistent link: https://www.econbiz.de/10012644960
Economic conditions in China have changed dramatically over the past six months. The COVID-19 pandemic and measures … taken to contain it have triggered a combined demand and supply shock. The report projects that economic growth in China … 2021. Even as economic activity rebounds, the pace of China's poverty reduction is expected to slow, reflecting slower …
Persistent link: https://www.econbiz.de/10012647401
This paper explores the dynamics of media chatter about economic reforms using text analysis from about a billion newspaper articles in 28 languages. The paper shows that the intensity of reform chatter increases during economic downturns. This increase is more significant in democracies. Using...
Persistent link: https://www.econbiz.de/10012257327
This paper investigates to what extent media impacts political decisions. A viable practical approach to test the relationship between mass media and political actions is through the use of the World Bank's Doing Business data, specifically, by assessing local media coverage of Doing Business...
Persistent link: https://www.econbiz.de/10012114015
Kenya continues to experience steady economic growth, with real GDP expanding on average by about 5.6 percent over the last five years (2014-2018). In 2019, however, economic activity has softened primarily due to lower agricultural output and weak private sector investment. As a result, the...
Persistent link: https://www.econbiz.de/10012646675
The World Bank expects the Armenian economy to grow about 4 percent in 2017 with a modest but sustained recovery envisaged over the medium term. After stagnating in 2016, the economy showed renewed and greater-than-expected strength in the first half of 2017, which has continued into the third...
Persistent link: https://www.econbiz.de/10012644893
This second edition of the twice-yearly Gulf Economic Monitor describes recent economic developments, near-term prospects, and broader reform priorities in the Gulf Cooperation Council (GCC) countries (The Pulse of the Region). Regional aggregate GDP growth in 2017 weakened to just 0.5 percent,...
Persistent link: https://www.econbiz.de/10012645110