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Financial Sector Regulation and Reforms in Emerging Markets : An Overview
Prasad, Eswar S. - 2010
as they attempt to reform their frameworks for financial regulation. These economies are striving to balance the quest … objectives can in fact reinforce one another. I also discuss aspects of macroeconomic policies and cross-border regulation that …
Persistent link: https://www.econbiz.de/10013136951
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Does Anti-Competitive Regulation Matter for Productivity? Evidence from European Firms
Arnold, Jens Matthias - 2011
. These allow accounting for both the direct effects of sectoral regulation on within-sector performance and the indirect … effects of sectoral regulation on firms in other sectors through intersectoral input-output linkages. Our econometric … at the global technological frontier and a catch up term. We assume that regulation can affect productivity growth both …
Persistent link: https://www.econbiz.de/10013129907
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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
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Reform Redux : Measurement, Determinants and Reversals
Campos, Nauro F. - 2006
We construct objective measures of privatization, internal and external liberalization reform efforts, across countries over time, and investigate their determinants, reversals and macroeconomic impacts. We find that GDP growth determines external liberalization and privatization, concentration...
Persistent link: https://www.econbiz.de/10012780267
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Empirical Modeling of Deprivation Contagion among Social Exclusion Dimensions (Using MCMC Methods)
Poggi, Ambra - 2007
Economic theory and empirical evidence clearly show that social exclusion dimensions are inter-related. Notwithstanding that, dimensions are usually assumed independent from one another in the economics literature. In this paper we explore the inter-dependency of social exclusion dimensions and...
Persistent link: https://www.econbiz.de/10012777463
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The Pros and Cons of Sick Pay Schemes : A Method to Test for Contagious Presenteeism and Shirking Behavior
Pichler, Stefan - 2015
This paper proposes a test for the existence and the degree of contagious presenteeism and negative externalities in sickness insurance schemes. First, we theoretically decompose moral hazard into shirking and contagious presenteeism behavior. Then we derive testable conditions for reduced...
Persistent link: https://www.econbiz.de/10013027749
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Economic Geography of Contagion : A Study on COVID-19 Outbreak in India
Chakraborty, Tanika; Mukherjee, Anirban - 2021
We propose a regional inequality-based mechanism to explain the heterogeneity in the spread of Covid-19 and test it using data from India. We argue that a core-periphery economic structure is likely to increase the spread of infection because it involves movement of goods and people across the...
Persistent link: https://www.econbiz.de/10013225544
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Financial Liberalization and the Brain Drain : A Panel Data Analysis
Mitra, Aniruddha - 2011
This paper explores the impact of financial liberalization on the migration of high skilled labor from 46 countries to the OECD, taken at five year intervals over the period 1985-2000. Using an exploratory factor analysis, we are able to distinguish between two dimensions of financial...
Persistent link: https://www.econbiz.de/10013120427
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Does Financial Deregulation Boost Top Incomes? Evidence from the Big Bang
Tanndal, Julia - 2016
This study estimates the impact of financial deregulation on top income shares. Using the novel econometric method of constructing synthetic control groups, we show that the "Big Bang"-deregulations in the United Kingdom in 1986 and Japan 1997-1999 increased the share of pre-tax incomes going to...
Persistent link: https://www.econbiz.de/10013000060
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Thresholds in the Process of International Financial Integration
Kose, M. Ayhan - 2009
The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications for growth, especially for developing countries. The empirical literature has not been able to conclusively establish the presumed growth benefits of financial integration....
Persistent link: https://www.econbiz.de/10013160313