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Persistence in the market risk premium : evidence across countries

Caporale, Guglielmo Maria; Gil-Alaña, Luis A.; … - 2020

This paper provides evidence on the degree of persistence of one of the key components of the CAPM, namely the market risk premium, as well as its volatility. The analysis applies fractional integration methods to data for the US, Germany and Japan, and for robustness purposes considers...

Persistent link: https://www.econbiz.de/10012199998

The political economy of international organizations

Dreher, Axel; Lang, Valentin - 2016

We review the literature on the political economy of international organizations (IOs). Considering IOs as products of the preferences of various actors rather than monolithic entities we focus on national politicians, international bureaucrats, interest groups, and voters. By looking into the...

Persistent link: https://www.econbiz.de/10011536240

Buying votes and international organizations : the dirty work-hypothesis

Dreher, Axel; Lang, Valentin; Rosendorff, B. Peter; … - 2018

organizations. We test this theory empirically by examining how the United States uses bilateral aid and IMF loans to buy other …

Persistent link: https://www.econbiz.de/10011927941

Skill policies for Scotland

Heckman, James J. (contributor); … - 2005

This paper argues that skill formation is a life-cycle process and develops the implications of this insight for Scottish social policy. Families are major producers of skills, and a successful policy needs to promote effective families and to supplement failing ones. Targeted early...

Persistent link: https://www.econbiz.de/10002576887

Inequality and happiness : when perceived social mobility and economic reality do not match

Bjørnskov, Christian; Dreher, Axel; Fischer, Justina A. V. - 2010

social mobility increases. Using data on happiness and a broad set of fairness measures from the World Values Survey, we find … ; World Values Survey …

Persistent link: https://www.econbiz.de/10008697799

Globalization, economic freedom and human rights

Dreher, Axel; Gassebner, Martin; Siemers, Lars - 2010

Using the KOF Index of Globalization and two indices of economic freedom, we empirically analyze whether globalization and economic liberalization affect governments' respect for human rights using a panel of 106 countries over the 1981-2004 period. According to our results, physical integrity...

Persistent link: https://www.econbiz.de/10008699737

The determinants of election to the United Nations Security Council

Dreher, Axel; Gould, Matthew; Rablen, Matthew; … - 2012

predicts, for instance, World Bank and IMF loans. But who gets elected to the UNSC? Addressing this question empirically is not …

Persistent link: https://www.econbiz.de/10009571740

The costs of favoritism : is politically-driven aid less effective?

Dreher, Axel; Klasen, Stephan; Vreeland, James Raymond; … - 2010

World Bank projects and generally find that projects that are potentially politically motivated - such as those granted to … governments holding a non-permanent seat on the United Nations Security Council or an Executive Directorship at the World Bank … Council members with higher short-term debt, however, a negative quality rating is more likely. So we find evidence that World …

Persistent link: https://www.econbiz.de/10003948233

Corruption and the shadow economy : an empirical analysis

Dreher, Axel (contributor); Schneider, Friedrich (contributor) - 2006

This paper analyzes the influence of the shadow economy on corruption and vice versa. We hypothesize that corruption and shadow economy are substitutes in high income countries while they are complements in low income countries. The hypotheses are tested for a cross-section of 120 countries and...

Persistent link: https://www.econbiz.de/10003300991

Does membership in international organizations increase governments' credibility? : testing the effects of delegating powers

Dreher, Axel (contributor); Voigt, Stefan (contributor) - 2008

Persistent link: https://www.econbiz.de/10003688912