Showing 1 - 10 of 350
Isolated effects of labor and product market institutions as well as the interaction between both aforementioned … categories on unemployment have been extensively discussed in the empirical literature. However, interaction effects between … individual labor market institutions have been widely neglected, mainly due to the infeasibility to correctly specify the model …
Persistent link: https://www.econbiz.de/10010306610
This paper reviews how income-support systems affect labour force participation in the UK. The UK's approach to social insurance is basic security, with modest, typically flat-rate, benefits; insurance-based benefits are relatively unimportant. Compared with the EU, the UK has high employment...
Persistent link: https://www.econbiz.de/10010273971
market institutions for worker transitions in order to explain cross-country differences in labour market reactions in a … trade unions experience weaker reactions of the unemployment rate and of worker transitions. …
Persistent link: https://www.econbiz.de/10014503737
Throughout the period 1871-1938, the average British worker was better off than the average German worker, but there were significant differences between major sectors. For the aggregate economy, the real wage gap was about the same as the labour productivity gap, but again there were important...
Persistent link: https://www.econbiz.de/10010266982
Does official aid pave the road for private foreign investment or does it suffocate private initiative by diverting resources towards unproductive activities? In this paper we explore this question using data for a large number of developing and emerging economies. Controlling for countries?...
Persistent link: https://www.econbiz.de/10010295379
societal environment. Taking a cultural approach and referring to the newer literature on the transfer of institutions, we try … to improve the understanding of the interrelation between formal and informal institutions. Our central thesis is that … the ?reaction rate? of informal institutions depends on their compatibility with imported formal institutions. The …
Persistent link: https://www.econbiz.de/10010295447
The paper explores the linkages between political risk, institutions and foreign direct investment inflows. Using … and institutions are employed in the empirical analysis. The results show that government stability, the absence of …
Persistent link: https://www.econbiz.de/10010295448
The paper explores the linkage between income growth rates and foreign direct investment (FDI) inflows. So far the evidence is rather mixed, as no robust relationship between FDI and income growth has been established. We argue that countries need a sound business environment in the form of good...
Persistent link: https://www.econbiz.de/10010295531
The present study is a continuation of an earlier paper by the same author dealing with the economic debates in the Soviet Union between 1987 and 1991 (HWWA Discussion Paper 324; Europe-Asia Studies vol. 58, no. 2). After there had been a paradigm shift in Russian economics around 1990, in the...
Persistent link: https://www.econbiz.de/10010295534
probabilistic voting model, we show that a lack of financial institutions can lead more corruption as more voters are part of the … corrupt system. Well-functioning financial institutions, in turn, can increase the political support for anti …
Persistent link: https://www.econbiz.de/10010295959