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Why are women financially excluded? Is there an association between women empowerment laws, prevalence of discriminatory attitudes in a society towards women and financial empowerment of women? Using a cross-country survey, this paper finds statistical evidence that suggests women are...
Persistent link: https://www.econbiz.de/10010747089
Using data from the 2008 National Demographic and Health Survey, we ask whether women's economic empowerment -defined alternatively as having the ability to decide on (i) daily needs, (ii) major purchases, and (iii) spending own income - protects women against domestic violence. Using a simple...
Persistent link: https://www.econbiz.de/10010856124
The presence of political risk is a worldwide phenomenon that has affected most national stock markets in the twentieth century. Within this context, it is often said that returns of the stock markets are affected by the Parliamentary happenings. Our study is a first examination of a wide range...
Persistent link: https://www.econbiz.de/10012721663
To explain the extremely long-term persistence (more than 500 years) of positive historical experiences of cooperation (Putnam 1993), we model the intergenerational transmission of priors about the trustworthiness of others. We show that this transmission tends to be biased toward excessively...
Persistent link: https://www.econbiz.de/10012725971
A multitude of explanations for low investment by Russian firms have been offered: high inflation, high interest rates, falling production, falling GDP, an underdeveloped banking system, a confiscatory tax regime, calls for the re-nationalization of industry, excessive regulations, and an...
Persistent link: https://www.econbiz.de/10012728090
This article examines recent and potential reforms in India's fiscal federal system. We summarize key federal institutions in India, including tax and expenditure assignments, and mechanisms for Center-state transfers. We discuss the institutional process by which reforms can and do take place,...
Persistent link: https://www.econbiz.de/10012732489
This paper sets up a model to inquire into whether the rise and fall in barter transactions in Russia and other CIS countries during the 1990's was an involuntary decision resulting from credit rationing or the consequence of firms' optimal choice. We find that the transmission mechanism of the...
Persistent link: https://www.econbiz.de/10012735927
This paper develops a model to investigate the welfare implications of barter in Russia and other transition economies during the 1990s. We argue that barter is a welfare-improving phenomenon that acts as a defense mechanism against monetary instability. When firms react to tighter credit...
Persistent link: https://www.econbiz.de/10012736403
In this paper we establish legal facts for Hungary in detail, put the country's situation into international context, and search for new avenues for comparative research. We updated investor protection indicators already existing in the literature, while determined enforcement indicators for the...
Persistent link: https://www.econbiz.de/10012737896
The role of outward FDI in transition economies is generally less well known and less understood than that of inward FDI. This so not only because the latter is larger in volume but also because the links of the former with restructuring are less well established and explained. Outward FDI,...
Persistent link: https://www.econbiz.de/10012777243