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Democracy and development : the devil in the details
Persson, Torsten; Tabellini, Guido - 2006
Does democracy promote economic development? This paper reviews recent attempts to address this question that exploited within-country variation. It shows that the answer is largely positive, but also depends on the details of democratic reforms. First, the sequence of economic vs political...
Persistent link: https://www.econbiz.de/10010261420
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Do Clean Hands ensure healthy growth? Theory and practice in the battle against corruption
Coppier, Raffaella; Costantini, Mauro; Piga, Gustavo - 2009
possible outcome of the implementation of a State reform in order to weed out corruption. Growth is always higher when …
Persistent link: https://www.econbiz.de/10010293997
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EU's eastern neighbours: Institutional harmonisation and potential growth bonus
Radziwill, Artur; Smietanka, Paweł - 2009
This paper provides the quantitative estimate of the potential growth bonus for CIS countries, and in particular EU's Easter Neighbours, that can be a result of deeper institutional harmonisation with the EU. Econometric investigation involving instrumental variable, simultaneous equation and...
Persistent link: https://www.econbiz.de/10011430828
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How i learned to stop worrying and love the crisis
Fidrmuc, Jan; Tichit, Ariane - 2012
We investigate the effects of economic crises on the subsequent economic performance, economic reform, democratization … economic reform, economic growth and, with a delay, on investment and institutional change. Episode of high inflation, moreover …, translate into lower subsequent inflation. Crises thus appear to serve as catalysts of reform and institutional change and lead …
Persistent link: https://www.econbiz.de/10010280828
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Business services outsourcing and economic growth: Evidence from a dynamic panel data approach
Dettmer, Bianka - 2012
Innovations in information- and telecommunication technology render the proximity requirement between business partners obsolete and make business service outsourcing via cross-border trade more feasible. Although the (service-led) growth prospects have been widely discussed, evidence at the...
Persistent link: https://www.econbiz.de/10010291838
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Europe's growth emergency
Darvas, Zsolt; Pisani-Ferry, Jean - 2011
The European Union growth agenda has become even more pressing because growth is needed to support public and private sector deleveraging, reduce the fragility of the banking sector, counter the falling behind of southern European countries and prove that Europe is still a worthwhile place to...
Persistent link: https://www.econbiz.de/10010293558
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Can Europe recover without credit?
Darvas, Zsolt - 2013
- Data from 135 countries covering five decades suggests that creditless recoveries, in which the stock of real credit does not return to the pre-crisis level for three years after the GDP trough, are not rare and are characterised by remarkable real GDP growth rates: 4.7 percent per year in...
Persistent link: https://www.econbiz.de/10010293559
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Nonlinear cointegration analysis and the environmental Kuznets curve
Hong, Seung Hyun; Wagner, Martin - 2008
Recent years have seen a growing literature on the environmental Kuznets curve (EKC) that resorts in a large part to cointegration techniques. The EKC literature has failed to acknowledge that such regressions involve unit root nonstationary regressors and their integer powers (e.g. GDP and GDP...
Persistent link: https://www.econbiz.de/10010294039
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Illegal activities, but still value added ones (?): size, causes, and measurement of the shadow economies all over the world
Schneider, Friedrich - 2000
Using various methods estimates about the size of the shadow economy in 76 developing, transition and OECD countries are presented. The average size of the shadow economy (in percent of GDP) over 1989-93 in developing countries is 39 %, in transition countries 23 % and in OECD countries 12 %. An...
Persistent link: https://www.econbiz.de/10010294533
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Shadow Economies and Corruption all over the World: What do we really know?
Schneider, Friedrich G. - 2006
Estimations of the size and development of the shadow economy for 145 countries, including developing, transition and highly developed OECD economies over the period 1999 to 2003 are presented. The average size of the shadow economy (as a percent of official GDP) in 2002/03 in 96 developing...
Persistent link: https://www.econbiz.de/10010294606