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On the Reversibility of Structural Reforms

Campos, Nauro F. - 2012

evidence showing that (a) FDI inflows reduce the likelihood of privatization reversals, (b) worsened terms of trade increase …

Persistent link: https://www.econbiz.de/10013106946

Mixed Oligopoly in Education

Cremer, Helmuth - 2013

This paper studies oligopolistic competition in education markets when schools can be private and public and when the …

Persistent link: https://www.econbiz.de/10013085046

Financial Liberalization and Democracy : The Role of Reform Reversals

Campos, Nauro F. - 2009

The relationship between economic and political liberalization has received a great deal of attention lately, yet the possibility of a nonlinear relationship and the role of reversals remain largely neglected. Focusing on democratization and financial reform, this paper offers evidence for a...

Persistent link: https://www.econbiz.de/10013157255

Reform Redux : Measurement, Determinants and Reversals

Campos, Nauro F. - 2006

We construct objective measures of privatization, internal and external liberalization reform efforts, across countries … external liberalization and privatization, concentration of political power drives internal liberalization, and democracy … underpins all three. We find that FDI inflows reduce the probability of privatization reversals, labour strikes increase that of …

Persistent link: https://www.econbiz.de/10012780267

Crises, What Crises?

Campos, Nauro F.; Hsiao, Cheng; Nugent, Jeffrey B. - 2021

Recent research convincingly shows that crises beget reform. Although the consensus is that economic crises foster macroeconomic stabilization, it is silent on which types of crises cause which types of reform. Is it economic or political crises that are the most important drivers of structural...

Persistent link: https://www.econbiz.de/10013317524

Whither Corruption? A Quantitative Survey of the Literature on Corruption and Growth

Campos, Nauro F. - 2010

Does corruption grease or sand the wheels of economic growth? This paper uses meta-analysis techniques to systematically evaluate the evidence addressing this question. It uses a data set comprising 460 estimates of the effect of corruption on growth from 41 empirical studies. The main factors...

Persistent link: https://www.econbiz.de/10013135630

Corruption as a Barrier to Entry : Theory and Evidence

Campos, Nauro F. - 2010

Conventional wisdom depicts corruption as a tax on incumbent firms. This paper challenges this view in two ways. First, by arguing that corruption matters not so much because of the value of the bribe ("tax"), but because of another less studied feature of corruption, namely bribe...

Persistent link: https://www.econbiz.de/10013136941

United But (Un-)Equal : Human Capital, Probability of Divorce and the Marriage Contract

Cremer, Helmuth - 2012

This paper studies how the risk of divorce affects the human capital decisions of a young couple. We consider a setting where complete specialization (one of the spouses uses up all the education resources) is optimal with no divorce risk. Symmetry in education (both spouses receive an equal...

Persistent link: https://www.econbiz.de/10013096466

Earmarking and the Political Support of Fat Taxes

Cremer, Helmuth - 2015

A fat and a healthy good provide immediate gratification, and cause health costs or benefits in the long run, which are misperceived. Additionally, the fat good (healthy good) increases (decreases) health care costs by increasing (decreasing) the probability of suffering from a chronic disease...

Persistent link: https://www.econbiz.de/10013015020

Social Insurance with Competitive Insurance Markets and Risk Misperception

Cremer, Helmuth - 2016

This paper considers an economy where individuals differ in productivity and in risk. Rochet (1991) has shown that when private insurance markets offer full coverage at fair rates, social insurance is desirable if and only if risk and productivity are negatively correlated. This condition is...

Persistent link: https://www.econbiz.de/10013001310