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What determines the development of rural financial markets? Starting from a simple theoretical framework, we derive the factors shaping the market entry of rural microfinance institutions across time and space. We provide empirical evidence for these determinants using the expansion of credit...
Persistent link: https://www.econbiz.de/10012138789
This paper analyses the cost implications for climate policy in developed countries if developing countries are unwilling to adopt measures to reduce their own GHG emissions. First, we assume that a 450 CO2 (550 CO2e) ppmv stabilisation target is to be achieved and that Non Annex1 (NA1)...
Persistent link: https://www.econbiz.de/10003779483
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We analyze union behavior in a model with membership dynamics and compare the labor market outcomes to static union …'s time preference whether static frameworks overrate or even underrate unions' distortions. -- unions ; endogenous membership …
Persistent link: https://www.econbiz.de/10008697166
In Germany, there is no trade union membership wage premium, while the membership fee amounts to 1% of the gross wage … evidence for a private gain from trade union membership which has hitherto not been documented: in West Germany, union members … average partial effect of union membership. -- dismissal ; free-riding ; trade union membership ; survey data …
Persistent link: https://www.econbiz.de/10008697520
As is now well documented, aid is given for both political as well as economic reasons. The conventional wisdom is that politically-motivated aid is less effective in promoting developmental objectives. We examine the ex-post performance ratings of World Bank projects and generally find that...
Persistent link: https://www.econbiz.de/10003948233
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This paper argues that the key issue for defining and solving the Eurozone's (EZ) difficulties lies in readjusting the relationship between the centre and the periphery of the EZ. Our argument proceeds in two steps. Firstly, the basic finance problem of a centre-periphery system is captured by a...
Persistent link: https://www.econbiz.de/10009570716
propose to measure political importance using temporary membership on the United Nations Security Council and analyze a newly …
Persistent link: https://www.econbiz.de/10009765008