Showing 1 - 10 of 1,096
Using a database of up to 62 variables for 196 countries over 57 years, a hyperinflation cycle has been characterized to propose a broader setting of stylized facts. Beyond the usual facts, the findings in this paper contribute to the literature of modern hyperinflations in that these cycles...
Persistent link: https://www.econbiz.de/10011978555
Do foreign-educated individuals play a role in promoting democracy in their home countries? Despite the large amount of … foster democracy in their home countries. Using a unique panel dataset on foreign students starting from 1950, I show that …, indeed, foreign-educated individuals promote democracy in their home country, but only if the foreign education is acquired …
Persistent link: https://www.econbiz.de/10014400353
Empirical evidence on the relationship between democracy and economic reforms is limited to few reforms, countries, and … years. This paper studies the impact of democracy on the adoption of economic reforms using a new dataset on reforms in the …. Democracy has a positive and significant impact on the adoption of economic reforms but there is no evidence that economic …
Persistent link: https://www.econbiz.de/10014402711
of democracy, is a significant predictor of government spending on education and health. The relationship is robust to … for democracy for a country is associated with approximately 1 percent more central government spending and 3 percent more …
Persistent link: https://www.econbiz.de/10014399591
the law, and economic freedom. In particular, an increase in spending on law and order seems to improve the indicators of …
Persistent link: https://www.econbiz.de/10014400244
A bilateral search model of the commodity market is formulated to study the effects of liberalizing prices in a reforming socialist economy. The main result is that if the competitive structure of the economy is not quickly modified to eliminate supply rents, price liberalization may be...
Persistent link: https://www.econbiz.de/10014398133
This paper estimates the size of the underground economy in Pakistan and analyzes its impact on Government fiscal position and the allocation of economic resources in the national economy. The results suggest that there is a mutual dependency between the size of the underground economy and...
Persistent link: https://www.econbiz.de/10014398070
When a formerly centrally-planned economy frees prices and allows or compels producers to respond to market signals, conventional measures tend to severely overstate short–run output decline and inflation. In part the overstatement stems from neglect of private sector activity, or from belated...
Persistent link: https://www.econbiz.de/10014398096
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...
Persistent link: https://www.econbiz.de/10014395972
The paper examines the short- and long-term effects of price liberalization in a reforming socialist economy. The analysis is based on an optimizing framework that highlights hoarding behavior and the existence of parallel goods markets. The behavior of official and parallel market prices, stock...
Persistent link: https://www.econbiz.de/10014396041