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The relationship between the distribution of political rights and that of economic resources has been studied both theoretically and empirically. This paper reviews the existing literature and, in particular, the available empirical evidence.Our reading of the literature suggests that formal...
Persistent link: https://www.econbiz.de/10009781532
more lenient and child labor thus more prevalent than in countries enjoying political freedom. We test this implication and …
Persistent link: https://www.econbiz.de/10011451064
, multinational enterprises rather appear to be attracted by countries in which civil and political freedom is respected. Our finding …
Persistent link: https://www.econbiz.de/10011397998
the endogeneity of membership, we find this effect to be substantively important and robust to the method of estimation …
Persistent link: https://www.econbiz.de/10008699691
We empirically investigate the existence of spatial autocorrelation between military dictatorships in Sub-Saharan Africa from 1977 through 2007. We apply a Bayesian SAR probit regression, extended to a pooled model. We find a robust and positive spatial autocorrelation coefficient, which shows a...
Persistent link: https://www.econbiz.de/10010354777
Economic freedom and economic growth can be connected in most countries, but it is often necessary to specify those … aspects of economic freedom that can foster economic growth. This paper examines the nexus between economic freedom and … general, economic freedom positively influences economic growth in the LDCs. Moreover, most economic freedom factors raise …
Persistent link: https://www.econbiz.de/10014427512
A new line of theoretical and empirical literature emphasizes the pivotal role of fair institutions for growth. We present a model, a laboratory experiment, and a simple cross-country regression supporting this view. We model an economy with an unequal distribution of property rights, in which...
Persistent link: https://www.econbiz.de/10011404315
The Arab Spring has led to very different outcomes across the Arab world. I present a highly stylized model of the Arab Spring to better understand these differences. In this model, dictators from the ethnic or religious majority group concede power if their country is oil-poor, but can stay in...
Persistent link: https://www.econbiz.de/10009684064
This paper develops a new model of trade policy under dictatorship and democratization. The paper makes two … is to show how a dictatorship can manipulate trade policy to maintain its grip on power in the face of permanent world …
Persistent link: https://www.econbiz.de/10011721779
Previous assessments of nominal exchange rate determination have focused upon a narrow set of models typically of the 1970 s vintage, including monetary and portfolio balance models. In this paper we re-assess the in-sample fit and out-of-sample prediction of a wider set of models that have been...
Persistent link: https://www.econbiz.de/10011507659