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Wars and markets : how bond values reflect World War II

Frey, Bruno S.; Kucher, Marcel - 1999

sovereignty. Other events to which historians attach great importance are not reflected in bond prices: The most prominent example …

Persistent link: https://www.econbiz.de/10009781716

Fickle fossils : economic growth, coal and the European oil invasion, 1900-2015

Fritzsche, Miriam; Wolf, Nikolaus - 2023

Fossil fuels have shaped the European economy since the industrial revolution. We use new long-run panel data to analyse the effect of both, coal and oil on economic growth between 1900 and 2015, exploiting variation at the level of European NUTS2 and NUTS3 regions. We show that the reversal of...

Persistent link: https://www.econbiz.de/10014442780

The economic effects of constitutions : replicating - and extending - Persson and Tabellini

Blume, Lorenz; Müller, Jens; Voigt, Stefan; Wolf, Carsten - 2007

Persistent link: https://www.econbiz.de/10003498675

International agreements, economic sovereignty and exit

Richardson, Martin; Stähler, Frank - 2018

We develop a model in which it is uncertainty about the future domestic policy environment that both makes international cooperation attractive and induces the possibility of a nation reneging on such an international agreement. We show, in a fairly general setting in which the likelihood of...

Persistent link: https://www.econbiz.de/10011809916

The effects of fiscal institutions on public finance : a survey of the empirical evidence

Kirchgässner, Gebhard - 2001

This paper surveys the empirical research on fiscal institutions of the last three decades. The main results are: (i) Constitutional or statutory fiscal limitations have in most cases proved to be effective in cutting down public expenditure, revenue, and debt. (ii) Budgetary proce-dures matter...

Persistent link: https://www.econbiz.de/10011408436

Fiscal constitutions

Gersbach, Hans - 1999

In this paper we examine how individuals should be treated with respect to taxes, subsidies and agenda setting in constitutions in order to obtain efficient allocations of public goods and to limit tax distortions. We show that if public goods are socially desirable, the simple majority rule as...

Persistent link: https://www.econbiz.de/10009781718

Small countries and preferential trade agreements : how severe is the innocent Bystander problem?

Kose, M. Ayhan; Riezman, Raymond Glenn - 2000

This paper examines the welfare implications of preferential trade agreements (PTAs) from the perspective of small countries in the context of a multi-country, general equilibrium model. We calibrate our model to represent one relatively small country and two symmetric big countries. We consider...

Persistent link: https://www.econbiz.de/10009781527

The economics of political borders

Spolaore, Enrico - 2012

This paper presents concepts from economic analysis that shed light on the formation and breakup of sovereign states. First, we discuss the key trade-off between economies of scale in the provision of public goods and political costs from heterogeneity of preferences. Second, we present four...

Persistent link: https://www.econbiz.de/10009570592

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

Technological sovereignty as ability, not autarky

March, Christoph; Schieferdecker, Ina - 2021

Aspirations towards technological sovereignty increasingly pervade the political debate. Yet, an ambiguous definition … globalization. We develop a competence-based definition of technological sovereignty, which puts innovation policy at the core of … fulfilling sovereignty aspirations. Moreover, we show how our definition realigns technological sovereignty with international …

Persistent link: https://www.econbiz.de/10012546886