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The Costs of Favoritism : Is Politically-Driven Aid Less Effective?

Dreher, Axel - 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/10013146478

Does Openness to International Financial Flows Contribute to Productivity Growth?

Kose, M. Ayhan; Prasad, Eswar S.; Terrones, Marco E. - 2021

Economic theory has identified a number of channels through which openness to international financial flows could raise productivity growth. However, while there is a vast empirical literature analyzing the impact of financial openness on output growth, far less attention has been paid to its...

Persistent link: https://www.econbiz.de/10013325040

Debt Portfolios

Hintermaier, Thomas - 2011

We provide a model with endogenous portfolios of secured and unsecured household debt. Secured debt is collateralized by owner-occupied housing whereas unsecured debt can be discharged according to bankruptcy regulations. We show that the calibrated model matches important quantitative...

Persistent link: https://www.econbiz.de/10013126139

Making Work Pay for the Indebted : The Effect of Debt Services on the Exit Rates of Unemployed Individuals

Koning, Pierre - 2014

This paper investigates the effectiveness of an intervention that was targeted at a specific group of Dutch Social Assistance (SA) recipients with debt problems. With a large share of the income gains of work resumption were transferred to the creditors, these individuals experienced a strong a...

Persistent link: https://www.econbiz.de/10013061048

Displacement and Debt : The Role of Debt in Returning to Work in the Period Following the Great Recession

Bednarzik, Robert - 2017

The onset of the housing and subsequent financial crisis in 2008 marked the steepest economic downturn in the United. States, since the Great Depression in the late 1920s and 1930s. This most recent financial crisis has been characterized by massive layoffs and displacement. Given the depth of...

Persistent link: https://www.econbiz.de/10012956016

Globalization, Productivity Growth, and Labor Compensation

Dreger, Christian; Fourné, Marius; Holtemöller, Oliver - 2023

We analyse how changes in international trade integration affect productivity and the functional income distribution. To account for endogeneity, we construct a leave-out measure for international trade integration for country-industry pairs using international input-output tables. First, we...

Persistent link: https://www.econbiz.de/10014355913

Melancholy Hues : The Futility of Green Growth and Degrowth, and the Inevitability of Societal Collapse

Naudé, Wim - 2023

kind of economy, which could be as qualitatively different from the current global economy as the industrial world differed … from the hunter-gatherer world …

Persistent link: https://www.econbiz.de/10014356678

Minimum Global Tax : Winners and Losers in the Race for Mergers and Acquisitions

Amendolagine, Vito; Bruno, Randolph; Cipollina, Maria; … - 2023

This study aims to quantify the impact of the global minimum corporate tax rate a pillar of the OECD's reform of international taxation on cross-border mergers and acquisitions (M&A) involving large multinational enterprises (MNEs). First, the influence of differences in capital taxation on...

Persistent link: https://www.econbiz.de/10014354666

International Mobility of the Highly Skilled, Endogenous R&D, and Public Infrastructure Investment

Grossmann, Volker - 2009

This paper theoretically and empirically analyzes the interaction of emigration of highly skilled labor, an economy's income gap to potential host economies of expatriates, and optimal public infrastructure investment. In a model with endogenous education and Ramp;D investment decisions we show...

Persistent link: https://www.econbiz.de/10012766531

Migration and Globalization : Challenges and Perspectives for the Research Infrastructure

Kahanec, Martin - 2008

International migration of people is a momentous and complex phenomenon. Research on its causes and consequences, requires sufficient data. While some datasets are available, the nature of migration complicates their scientific use. Virtually no existing dataset captures international migration...

Persistent link: https://www.econbiz.de/10012768176