Showing 1 - 10 of 327
Persistent link: https://www.econbiz.de/10002055097
vulnerable to the repercussions of conflict. In this context, this paper analyses the relationship between trade and conflict … from a trade perspective: Using data from UCDP and COMTRADE this paper studies the effects of five different conflict types …, this paper finds that the heterogeneity of conflict types and their distinct characteristics matter for the magnitude and …
Persistent link: https://www.econbiz.de/10013266361
This paper revisits Political Budget Cycles (PBCs) in the enlarged European Union (EU). Based on a panel of 25 current EU member states from 1996 to 2012, we show that governments frequently fiscally stimulate the economy prior to elections; a phenomenon that is seemingly not only an ‘Eastern...
Persistent link: https://www.econbiz.de/10010416670
Standard economics omits the role of narratives (the stories that people tell themselves and others) when they make all kinds of decisions. Narratives play a role in understanding the environment; focusing attention; predicting events; motivating action; assigning social roles and identities;...
Persistent link: https://www.econbiz.de/10011413959
This paper studies why multinational firms often share ownership of a foreign affiliate with a local partner even in the absence of government restrictions on ownership. We show that shared ownership may arise, if (i) the partner owns assets that are potentially important for the investment...
Persistent link: https://www.econbiz.de/10003726051
In this paper, we use survey data to analyze the rationality of professional macroeconomic forecasts. We analyze both individual forecasts and average forecasts. We provide evidence on the properties of forecasts for all the G7-counties and four different macroeconomic variables. Furthermore, we...
Persistent link: https://www.econbiz.de/10003756515
do more than one of those activities. In our estimation we consider the relationship between productivity all the choice …
Persistent link: https://www.econbiz.de/10003757573
NGOs play an important role in international development cooperation, but the allocation of NGO aid has rarely been mapped, let alone explained. Based on a representative dataset for 61 important NGOs from various OECD countries, we analyze the targeting of NGO aid across a large number of...
Persistent link: https://www.econbiz.de/10003650826
The paper considers the transformation of the political system as countries pass through the Grand Transition from a poor developing country to a wealthy developed country. In the process most countries change from an authoritarian to a democratic political system. This is shown by using the...
Persistent link: https://www.econbiz.de/10003764598
We use weekly survey data on short-term and medium-term sentiment of German investors in order to study the causal relationship between investors' mood and subsequent stock price changes. In contrast to extant literature for other countries, a tri-variate vector autoregression for short-run...
Persistent link: https://www.econbiz.de/10003785005