Showing 1 - 10 of 76
This paper discusses the organizational structure and technical, operational and political capabilities required for successful productive development policies (PDPs). It also discusses how countries can match their PDPs to existing capabilities, as well as expand their capabilities in the long...
Persistent link: https://www.econbiz.de/10011457685
The literature has identified that countries with higher levels of openness tend to present a larger government sector … between openness and the size of government might be mediated by the quality of its public sector. While countries with weak … government capabilities will tend to rely on spending expansions to deal with trade-induced volatility, countries with stronger …
Persistent link: https://www.econbiz.de/10011286644
This paper presents theoretical and empirical evidence on the nexus between corruption and democracy. We establish a … political economy model where the effect of democracy on corruption is conditional on income distribution and property rights … equality which shows that corruption is a nonlinear function of these variables. The results indicate that democracy will work …
Persistent link: https://www.econbiz.de/10008808082
This short paper studies the empirical relationship between realized stock returns and bond yields at the 5- and 10-year investment horizons, respectively. Using annual Danish data since 1927, we find that stock returns and bond yields are closely linked in the medium and long term, as we...
Persistent link: https://www.econbiz.de/10012142227
This paper investigates empirically the effect of import diversity on government size and provides evidence for the … love of variety effect on government spending described in Hanslin (2008). I argue that crowding out of firms is an …. The diversity of imported products has a positive effect on government consumption, particularly when these goods are …
Persistent link: https://www.econbiz.de/10008696026
Critics of privatization argue that poor labor force restructuring is a key concern and that governments should establish better retrenchment programs. Using new data from arandom sample of 400 companies in the world, we test competing theories about the wisdom of retrenchment programs and their...
Persistent link: https://www.econbiz.de/10011598290
The literature shows that when a society believes that wealth is determined by random "luck" rather than by merit, it demands more redistribution. Adverse shocks, like earthquakes, strengthen the belief that random "bad luck" can frustrate the outcomes achieved with merit. We theoretically...
Persistent link: https://www.econbiz.de/10011850250
We present a comprehensive evaluation of the health impacts of the introduction and expansion of a large non-contributory health insurance program in Mexico, the Seguro Popular (SP). SP provided access to health services without co-pays to individuals with no Social Security protection. We...
Persistent link: https://www.econbiz.de/10014372098
This paper surveys selected themes in the political economy of policymaking in Latin America, with an emphasis on recent research focusing on actual decision and implementation processes, and on the political institutions and state and social actors involved in those processes. In particular,...
Persistent link: https://www.econbiz.de/10010247135
The capacity to sustain policies over time and the capacity to adjust policies in the face of changing circumstances are two desirable properties of policymaking systems. The veto player approach has suggested that polities with more veto players will have the capacity to sustain policies at the...
Persistent link: https://www.econbiz.de/10010247136