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Measuring the Value of a Statistical Life : Problems and Prospects
Ashenfelter, Orley - 2021
Tradeoffs between monetary wealth and fatal safety risks are summarized in the value of a statistical life (VSL), a measure that is widely used for the evaluation of public policies in medicine, the environment, and transportation safety. This paper demonstrates the widespread use of this...
Persistent link: https://www.econbiz.de/10013218445
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Provincial and Local Governments in China : Fiscal Institutions and Government Behavior
Gordon, Roger H. - 2011
What are the incentives faced by local officials in China? Without democratic institutions, there is no mechanism for local residents to exercise "voice". Given the hukou registration system, local residents have little opportunity to threaten "exit" if they are unhappy with local taxes and...
Persistent link: https://www.econbiz.de/10013131309
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The Political Economy of Government Revenues in Post-Conflict Resource-Rich Africa : Liberia and Sierra Leone
Davies, Victor A. B. - 2012
This paper examines the post-war strategies of Liberia and Sierra Leone to generate revenues from their natural resources. We document the challenges faced by the government of the two countries, contrasting measures taken to address these challenges as well as the outcomes. We complement the...
Persistent link: https://www.econbiz.de/10013097782
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Isolated Capital Cities, Accountability and Corruption : Evidence from Us States
Campante, Filipe R. - 2013
We show that isolated capital cities are robustly associated with greater levels of corruption across US states, in line with the view that this isolation reduces accountability, and in contrast with the alternative hypothesis that it might forestall political capture. We then provide direct...
Persistent link: https://www.econbiz.de/10013082070
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Liquidity and Governance
Back, Kerry - 2013
Is greater trading liquidity good or bad for corporate governance? We address this question both theoretically and … information concerns her own plans for taking an active role in governance. We show that an increase in the liquidity of the firm … governance. Empirical tests using three distinct sources of exogenous variation in liquidity confirm the negative relation …
Persistent link: https://www.econbiz.de/10013072575
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Advance Refundings of Municipal Bonds
Ang, Andrew - 2013
interest payments after the call date. We find that municipalities in states with poor governance generally destroy the most …
Persistent link: https://www.econbiz.de/10013075855
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Sharing a Government
Ventura, Jaume - 2019
This paper develops a simple theoretical framework to study a set of regions, each with its own regional government, who share a union or central government. These governments must decide whether to implement or discard a large number of projects that produce local benefits for the region that...
Persistent link: https://www.econbiz.de/10012864805
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Indirect Rule and State Weakness in Africa : Sierra Leone in Comparative Perspective
Acemoglu, Daron - 2014
A fundamental problem for economic development is that most poor countries have 'weak state' which are incapable or unwilling to provide basic public goods such as law enforcement, order, education and infrastructure. In Africa this is often attributed to the persistence of 'indirect rule' from...
Persistent link: https://www.econbiz.de/10013054513
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Governance and the Effectiveness of Public Health Subsidies
Dizon-Ross, Rebecca - 2015
decrease child mortality in sub-Saharan Africa. There is, however, widespread concern that poor governance and in particular …
Persistent link: https://www.econbiz.de/10013019515
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Do Powerful Politicians Cause Corporate Downsizing?
Cohen, Lauren - 2010
This paper employs a new empirical approach for identifying the impact of government spending on the private sector. Our key innovation is to use changes in congressional committee chairmanship as a source of exogenous variation in state-level federal expenditures. In doing so, we show that...
Persistent link: https://www.econbiz.de/10013146270