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Investment has been found to be a significant determinant of growth. This paperanalyses the effects of institutions and transition progress on investment rates oftransition economies since the collapse of the Socialist Bloc. Political institution ismeasured by the Freedom House’s Political...
Persistent link: https://www.econbiz.de/10009465531
Innovation plays a crucial role in determining today's economic growth patterns. But whatenables some countries to innovate more than others? This study attempts to answer this questionby analyzing in premiere a panel of sixteen Eastern European transition countries. It provides adetailed...
Persistent link: https://www.econbiz.de/10009475876
This paper studies the Balassa-Samuelson effect in 9 CEECs . Using panel cointegration techniques, we find strong empirical evidence in favour of what we call the internal transmission mechanism since productivity growth in the open sector is found to bring about non-tradable inflation. However,...
Persistent link: https://www.econbiz.de/10009477446
Persistent link: https://www.econbiz.de/10012813231
This paper proposes a simple variation of the Allingham and Sandmo (1972) construct and integrates it to a dynamic general equilibrium framework with heterogeneous agents. We study an overlapping generations framework i n which agents must initially decide whether to evade taxes or not. In the...
Persistent link: https://www.econbiz.de/10009438089
Replaced with revised version of paper 07/16/07.
Persistent link: https://www.econbiz.de/10009444958
polygyny (multiple wives). Wealth inequality naturally produces multiple wives for rich men in a standard model of the marriage … market. This paper argues that the sources of inequality, not just the level of inequality, determine the equilibrium degree … of monogamy or polygamy. In particular, when inequality is determined more by disparities in human capital versus non …
Persistent link: https://www.econbiz.de/10009446904
"We develop an evolutionary game theory model for a limited access common pool resource. With full disclosure of individual extraction decisions and payoffs we conjecture that subjects will imitate the most successful players’ strategy as long as their payoffs increase. We derive a stable...
Persistent link: https://www.econbiz.de/10009468354
"In particular, the academic debate over the best prediction about the behavior of people that use a common-pool resource (CPR), and the recommended policy approaches to the CPR dilemma have undergone a very interesting evolution throughout the last 3 decades of the pastcentury, since the...
Persistent link: https://www.econbiz.de/10009468435
This study examined whether the demand for more educated science and engineering workers outweighed longstanding practices of discrimination in hiring in high technology industries and science and engineering occupations. The study focused on the effects of education on the distribution of...
Persistent link: https://www.econbiz.de/10009475952