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Institutionalized Corruption and the Kleptocratic State
Harm, Christian - 1999
This paper argues that corruption patterns are endogenous to political structures. Thus, corruption can be systemic and planned rather than decentralized and coincidental. In an economic system without law or property rights, a kleptocratic state may arise as a predatory hierarchy from a state...
Persistent link: https://www.econbiz.de/10014401127
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Preferences for reforms : endowments vs. beliefs
Duval, Romain; Ji, Yi; Papageorgiou, Chris; Shibata, Ippei - 2022
Are preferences for reforms driven by individuals' own endowments or beliefs? To address this question, we conducted a cross-country survey on people's opinions on employment protection legislation-an area where reform has proven to be difficult and personal interests are at stake. We find that...
Persistent link: https://www.econbiz.de/10013170248
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Austerity and elections
Alesina, Alberto; Ciminelli, Gabriele; Furceri, Davide; … - 2021
Conventional wisdom holds that voters punish governments that implement fiscal austerity. Yet, most empirical studies, which rely on ex-post yearly austerity measures, do not find supportive evidence. This paper revisits the issue using action-based, real-time, ex-ante measures of fiscal...
Persistent link: https://www.econbiz.de/10012613677
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Fiscal consequences of terrorism
Cevik, Serhan; Ricco, John - 2015
This paper provides an empirical analysis of how the frequency and severity of terrorism affect government revenue and … expenditure during the period 1970-2013 using a panel dataset on 153 countries. We find that terrorism has only a marginal … robust to alternative specifications and empirical strategies. On the other hand, we find strong evidence that terrorism is …
Persistent link: https://www.econbiz.de/10011408259
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Fiscal Consequences of Armed Conflict and Terrorism in Low- and Middle-Income Countries
Clements, Benedict J. - 2002
This paper analyses the fiscal effects of armed conflict and terrorism on low- and middle-income countries. An analysis … estimates are consistent with the hypothesis that conflict and terrorism have a significant negative impact on growth through … conflict and terrorism …
Persistent link: https://www.econbiz.de/10014400047
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Asset price bubbles : a selective survey
Scherbina, Anna - 2013
Persistent link: https://www.econbiz.de/10009726553
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Structural unemployment in Luxembourg : bad luck or rational choice?
Gbohoui, William - 2019
This paper combines both micro and macro approaches to identify the drivers of (un)employment and inactivity in Luxembourg. The young, low-skilled, and non-EU migrants are found to be the most vulnerable groups in the labor market. In addition to skills mismatches, work disincentives embedded in...
Persistent link: https://www.econbiz.de/10012154712
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Donor competition for aid impact, and aid fragmentation
Annen, Kurt; Moers, Luc - 2012
This paper shows that donors that maximize relative aid impact spread their budgets across many recipient countries in a unique Nash equilibrium, explaining aid fragmentation. This equilibrium may be inefficient even without fixed costs, and the inefficiency increases in the equality of donors'...
Persistent link: https://www.econbiz.de/10009621658
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Optimal prudential regulation of banks and the political economy of supervision
Tressel, Thierry; Verdier, Thierry - 2014
Persistent link: https://www.econbiz.de/10010388760
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When do politicians appeal broadly? : the economic consequences of electoral rules in Brazil
Chin, Moya - 2021
Electoral rules determine how voters' preferences are aggregated and translated into political representation, and their design can lead to the election of representatives who represent broader or narrower constituencies. Relying on a regression discontinuity design, I contrast single- and...
Persistent link: https://www.econbiz.de/10012796797