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Learning and the value of relationships in international trade
Monarch, Ryan; Schmidt-Eisenlohr, Tim - 2016
How valuable are long-term supplier relationships? To address this question, this paper explores relationships between U.S. importers and their suppliers abroad. We first establish several facts: almost half of U.S. imports are in relationships three years or older, relationship survival and...
Persistent link: https://www.econbiz.de/10011417707
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Dynamic resource management under weak property rights : a tale of thieves and trespassers
Rodríguez Acosta, Mauricio Andrés; Smulders, Sjak - 2016
Using a dynamic framework with strategic interactions, we study the management of a non-renewable natural resource when property rights are generally weak. Under generally weak property rights both the resource stock and the revenues from exploiting it are imperfectly protected, due to...
Persistent link: https://www.econbiz.de/10011515393
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Institutions and development : the interaction between trade regime and political system
Falkinger, Josef; Grossmann, Volker - 2004
This paper argues that openness to goods trade in combination with an unequal distribution of political power has been a major determinant of the comparatively slow development of resource- or land-abundant regions like South America and the Caribbean in the nineteenth century. We develop a...
Persistent link: https://www.econbiz.de/10011450834
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The political economy of corruption and the role of financial institutions : presented at CESifo Area Conference on Public Sector Economics, May 2004
Boerner, Kira; Hainz, Christa - 2004
positions. In a probabilistic voting model, we show that a lack of financial institutions can lead to more corruption as more … voters become part of the corrupt system. Well-functioning financial institutions, in turn, can increase the political …
Persistent link: https://www.econbiz.de/10011451286
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Pampered bureaucracy, political stability, and trade integration
Stroup, Caleb; Zissimos, Benjamin - 2017
This paper examines the effect of trade integration and comparative advantage on one of a country's institutions, which …
Persistent link: https://www.econbiz.de/10011615513
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A theory of trade policy under dictatorship and democratization
Zissimos, Benjamin - 2017
contributions. One is to provide a deeper understanding of the relationship between political institutions and economic efficiency …
Persistent link: https://www.econbiz.de/10011721779
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Entrepreneurship, institutions and skills in low-income countries
Brixiova, Zuzana; Égert, Balázs - 2017
This paper develops a model of costly firm creation in an economy with weak institutions, costly business environment …
Persistent link: https://www.econbiz.de/10011646808
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Should we care (more) about data aggregation? : evidence from the democracy-growth-nexus
Gründler, Klaus; Krieger, Tommy - 2019
We compile data for 186 countries (1919 - 2016) and apply different aggregation methods to create new democracy indices. We observe that most of the available aggregation techniques produce indices that are often too favorable for autocratic regimes and too unfavorable for democratic regimes....
Persistent link: https://www.econbiz.de/10011966711
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The causal effect of trust
Bartling, Björn; Fehr, Ernst; Huffman, David; Netzer, Nick - 2018
Trust affects almost all human relationships - in families, organizations, markets and politics. However, identifying the conditions under which trust, defined as people's beliefs in the trustworthiness of others, has a causal effect on the efficiency of human interactions has proven to be...
Persistent link: https://www.econbiz.de/10011927871
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Institutions, opportunism and prosocial behavior : some experimental evidence
Cabrales, Antonio; Clots-Figueras, Irma; Hernán … - 2020
Formal or informal institutions have long been adopted by societies to protect against opportunistic behavior. However …, we know very little about how these institutions are chosen and their impact on behavior. We experimentally investigate … the demand for different levels of institutions that provide low to high levels of insurance and its subsequent impact on …
Persistent link: https://www.econbiz.de/10012219890