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We study the long-term and dynamic relationship between de jure and de facto judicial independence using a large panel dataset covering 50 countries over a period of 50 years. Our analysis shows a negative relationship between these variables, a sharp cont rast to the prevailing theoretical view...
Persistent link: https://www.econbiz.de/10011931497
We study the long-term and dynamic relationship between de jure and de facto judicial independence using a large panel dataset covering 50 countries over a period of 50 years. Our analysis shows a negative relationship between these variables, a sharp contrast to the prevailing theoretical view...
Persistent link: https://www.econbiz.de/10011927768
Persistent link: https://www.econbiz.de/10011586225
Persistent link: https://www.econbiz.de/10012215008
Persistent link: https://www.econbiz.de/10012404259
Up until the 1980s, studies on corruption were dominated by disciplines of public administration and sociology. In the … International Agency, corruption, which has a negative impact on most macroeconomic indicators, is “the abuse of entrusted power for … private gain”. Even though the disruption of corruption causing weak growth and investment rates has long been examined, there …
Persistent link: https://www.econbiz.de/10011778653
Pure time series-based tests fail to find empirical support formonetary exchange rate models. In this paper we apply pooled timeseries estimation on a forward-looking monetary model, resulting inparameter estimates which are in compliance with the underlyingtheory. Based on a panel version of...
Persistent link: https://www.econbiz.de/10011299983
Recently, there has been a growing interest in developing econometric tools to conduct counterfactual analysis with aggregate data when a "treated" unit suffers an intervention, such as a policy change, and there is no obvious control group. Usually, the proposed methods are based on the...
Persistent link: https://www.econbiz.de/10011579472
The main goal of this paper is to tackle the empirical issues of the real exchange rate literature by applying recently developed panel cointegration techniques to a structural long-run real exchange rate equation. Using annual data for 67 countries over 1966-97, we find evidence of...
Persistent link: https://www.econbiz.de/10012770610
This article examines the causal relationship between foreign aid, poverty, and economic growth in 82 developing countries for the period 1981–2013. Taking advantage of the recently developed dynamic panel data estimation techniques, the paper tests for both panel unit roots and cointegration...
Persistent link: https://www.econbiz.de/10012149196