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Instruments of Development : Randomization in the Tropics, and the Search for the Elusive Keys to Economic Development
Deaton, Angus - 2010
randomized controlled trials (RCTs) to accumulate credible knowledge of what works, without over-reliance on questionable theory …
Persistent link: https://www.econbiz.de/10012757925
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Participation and Duration of Environmental Agreements
Battaglini, Marco - 2012
We analyze participation in international environmental agreements (IEAs) in a dynamic game where countries pollute and … participation is feasible. Participation becomes attractive because only large coalitions commit to long-term agreements that … incomplete. Since real-world IEAs fit in the incomplete contracting environment, our theory may help explaining the rising …
Persistent link: https://www.econbiz.de/10013096862
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A Note on Variance Decomposition with Local Projections
Gorodnichenko, Yuriy - 2017
We propose and study properties of several estimators of variance decomposition in the local-projections framework. We find for empirically relevant sample sizes that, after being bias corrected with bootstrap, our estimators perform well in simulations. We also illustrate the workings of our...
Persistent link: https://www.econbiz.de/10012944147
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Optimal Policy Projections
Svensson, Lars E. O.; Tetlow, Robert J. - 2021
We outline a method to provide advice on optimal monetary policy while taking policymakers' judgment into account. The method constructs Optimal Policy Projections (OPPs) by extracting the judgment terms that allow a model, such as the Federal Reserve Board's FRB/US model, to reproduce a...
Persistent link: https://www.econbiz.de/10013215681
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Project Appraisal and Foreign Exchange Constraints : a Simple Exposition
Blitzer, Charles R.; Dasgupta, Partha; Stiglitz, Joseph E. - 2021
In an earlier paper, we showed that the value of shadow prices depends on how the government contemplates re- equilibrating the economy to the perturbation associated with any project, except in the extreme case where the government has chosen all policy instruments optimally. Only under...
Persistent link: https://www.econbiz.de/10013225416
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Institutional Comparative Statics
Robinson, James A. - 2011
Why was the Black Death followed by the decline of serfdom in Western Europe but its' intensification in Eastern Europe? What explains why involvement in Atlantic trade in the Early Modern period was positively correlated with economic growth in Britain but negatively correlated in Spain? Why...
Persistent link: https://www.econbiz.de/10013124230
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Financial Development and the Choice of Trade Partners
Chan, Jackie - 2013
What determines the choice of countries' trade partners? We show theoretically and empirically that financial market imperfections affect the number and identity of exporters' destinations. Bigger economies with lower trade costs are more attractive markets because they offer higher export...
Persistent link: https://www.econbiz.de/10013085496
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Financial Constraints and Innovation : Why Poor Countries Don't Catch Up
Gorodnichenko, Yuriy - 2014
This paper examines micro-level channels of how financial development can affect macroeconomic outcomes like the level of income and export intensity. We investigate theoretically and empirically how financial constraints affect a firm's innovation and export activities, using unique firm survey...
Persistent link: https://www.econbiz.de/10013070230
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Intellectual Property Rights, Foreign Direct Investment, and Industrial Development
Branstetter, Lee - 2014
This paper develops a North-South product model in which Southern imitation and the North-South flow of foreign direct investment (FDI) are endogenously determined. In the model, a strengthening of IPR protection in the South reduces the rate of imitation, which, in turn, increases the flow of...
Persistent link: https://www.econbiz.de/10013070725
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State Capacity, Conflict and Development
Besley, Timothy J. - 2010
theoretical results are summarized in a number of propositions. We discuss the implications of the theory, comment on its relation …
Persistent link: https://www.econbiz.de/10013152438