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In this paper, the amount of income redistribution in the United States, the European Union, and Switzerland is compared and empirically related to economic, political, and behavioral determinants elaborated in the literature. Lying in between the two poles, Switzerland provides unique evidence...
Persistent link: https://www.econbiz.de/10010315581
volatility for 30 emerging market economies from 1973 to 2000. We find that reserve holdings and openness to be the most …
Persistent link: https://www.econbiz.de/10011430032
economies from 1973 to 2000. Reserve holdings and openness are found to be the most important explanatory variables of reserve …
Persistent link: https://www.econbiz.de/10011430045
in countries with worse institutions or that lack trade and financial openness. …
Persistent link: https://www.econbiz.de/10010278277
de jure trade openness is positively and significantly associated with takeoffs. A one standard deviation increase in de … jure trade openness is associated with a 55% increase in the probability of a takeoff in our default specification. We also … find evidence that capital account openness encourages takeoff responses, although this channel is less robust. Measures of …
Persistent link: https://www.econbiz.de/10010285304
What determines the structure of labour market institutions? This paper argues that common explanations based on rent sharing are incomplete; unions, job protection, and egalitarian pay structures may have as much to do with social insurance of otherwise uninsurable risks as with rent sharing and...
Persistent link: https://www.econbiz.de/10010321727
The green credit policy plays a vital role in promoting enterprise upgrading. Using a thirteen year panel data of listed companies in China (2007 2019), this study uses the difference in differences (DID) method to examine the effects of the Green Credit Guidelines in 2012 (GCG2012) on the firm...
Persistent link: https://www.econbiz.de/10013353583
Barriers to investment are often regarded as an important determinant of the variation in international income levels. Nevertheless, in the standard neoclassical growth model, these barriers have only have small effects on per capita incomes. We consider the effects of barriers to accumulation...
Persistent link: https://www.econbiz.de/10010274517
There are large differences in income per capita across countries. Growth accounting finds that a large part of the differences comes from the differences in total factor productivity (TFP). This paper explores whether barrier to entry is an important factor for the cross-country differences in...
Persistent link: https://www.econbiz.de/10010292318
Persistent link: https://www.econbiz.de/10011807537