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In this paper, we study the impact of exogenous variations of international oil prices on the incidence of protest, while exploring the role of the shadow economy as a mitigating factor. We find that oil price shocks are negatively associated with protests, but the effect is less severe the...
Persistent link: https://www.econbiz.de/10012839829
local level, or to pre-existing trends in entrepreneurship. -- access to justice ; courts ; entrepreneurship ; institutions …
Persistent link: https://www.econbiz.de/10009266678
Entrepreneurship is usually identified as an important determinant of aggregate productivity and long-term growth. The determinants of entrepreneurship, nevertheless, are not entirely understood. A recent literature has linked entrepreneurship to the development of the justice system. This paper...
Persistent link: https://www.econbiz.de/10013120850
local level, or to pre-existing trends in entrepreneurship. -- access to justice ; courts ; entrepreneurship ; institutions …
Persistent link: https://www.econbiz.de/10009315472
We present a model of wage contract violation that implies a possibility of multiple equilibria in the level of arrears. Positive feedback arises because each employer's arrears affect the costs of late payment faced by other employers operating in the same labor market, resulting in a network...
Persistent link: https://www.econbiz.de/10011339102
institutional quality matters. The quality of institutions in the Economic Community of West African States (ECOWAS) countries … influences bilateral trade. Political stability is an essential component of the quality of the institutions that determine trade …
Persistent link: https://www.econbiz.de/10012805544
Intuitively, by increasing the opportunity cost of engaging in criminal activities, positive economic shocks should reduce crime. However, the empirical evidence on the relationship between economic shocks and criminal behavior is at best ambiguous. This may be because certain types of shocks...
Persistent link: https://www.econbiz.de/10012800583
role that local institutions play in this context. Chapter 2 analyzes how greenhouse gas emissions of companies in OECD and …
Persistent link: https://www.econbiz.de/10012262529
Can a major shock in childhood permanently shape trust? We consider a hunger episode in Germany after WWII and … regional and temporal variation. We correlate hunger exposure with measures of trust using data from a nationally … significantly lower levels of trust as adults. This finding highlights that early-life experiences can have long-term effects in …
Persistent link: https://www.econbiz.de/10011540782
Persistent link: https://www.econbiz.de/10009422304