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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/10003942325
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UN interventions : the role of geography
Duque, Juan Carlos; Jetter, Michael; Sosa, Santiago - 2014
This paper argues that UN military interventions are geographically biased. For every 1,000 kilometers of distance from the three Western permanent UNSC members (France, UK, US), the probability of a UN military intervention decreases by 4 percent. We are able to rule out several alternative...
Persistent link: https://www.econbiz.de/10010259536
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Reciprocal climate negotiators
Nyborg, Karine - 2015
International climate negotiations have been troubled by mutual mistrust. At the same time, a hope seems to prevail that once enough countries moved forward, others would follow suit. If the abatement game faced by climate negotiators is a Prisoners' Dilemma, and countries are narrowly...
Persistent link: https://www.econbiz.de/10010488278
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Innovation and employment : a survey
Vivarelli, Marco (contributor) - 2007
"According to the "compensation theory", market forces should assure a complete compensation of the initial labour-saving impact of process innovations. In this paper a critique of this approach is proposed through a detailed survey of the theoretical and empirical literature on the subject. The...
Persistent link: https://www.econbiz.de/10003451834
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Warrant economics, call-put policy options and the fallacies of economic theory
Hatgioannides, John; Karanassou, Marika - 2011
plays on the world stage. The main thesis of our work is that, despite the triumphant rhetoric praising the merits of …
Persistent link: https://www.econbiz.de/10009524338
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How much should we trust linear instrumental variables estimators? : an application to family size and children's education
Mogstad, Magne; Wiswall, Matthew - 2009
Many empirical studies specify outcomes as a linear function of endogenous regressors when conducting instrumental variable (IV) estimation. We show that tests for treatment effects, selection bias, and treatment effect heterogeneity are biased if the true relationship is non-linear. These...
Persistent link: https://www.econbiz.de/10003917067
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Why do BLS hours series tell different stories about trends in hours worked?
Frazis, Harley J.; Stewart, Jay Charles - 2010
Hours worked is an important economic indicator. In addition to being a measure of labor utilization, average weekly hours are inputs into measures of productivity and hourly wages, which are two key economic indicators. However, the Bureau of Labor Statistics' two hours series tell very...
Persistent link: https://www.econbiz.de/10003935001
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Youth employment in Europe : institutions and social capital explain better than mainstream economics
Contini, Bruno - 2010
Why did employment growth – high in the last decade – take place at the expense of young workers in the countries of Central and Southern Europe? This is the question addressed in this paper. Youth unemployment has approached or exceeded 20% despite a variety of factors, common to most EU...
Persistent link: https://www.econbiz.de/10003937042
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Beyond the DSGE straitjacket
Pesaran, M. Hashem; Smith, Ron - 2011
Academic macroeconomics and the research department of central banks have come to be dominated by Dynamic, Stochastic, General Equilibrium (DSGE) models based on micro-foundations of optimising representative agents with rational expectations. We argue that the dominance of this particular sort...
Persistent link: https://www.econbiz.de/10009248176
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A cautionary note on using industry affiliation to predict income
Pischke, Jörn-Steffen; Schwandt, Hannes - 2012
Many literatures investigate the causal impact of income on economic outcomes, for example in the context of intergenerational transmission or well-being and health. Some studies have proposed to use employer wage differentials and in particular industry affiliation as an instrument for income....
Persistent link: https://www.econbiz.de/10009620938