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The aim of this study is to examine the effects of terrorism on economic growth experienced worldwide. More precisely these terrorist incidents and its effects on economic growth in most countries are classified according to income groups. In this respect, we conduct a panel study (FE and RE...
Persistent link: https://www.econbiz.de/10012952839
Political corruption is considered a major impediment to economic development, and yet it remains pervasive throughout … the world. This paper examines the extent to which government audits of public resources can reduce corruption by … enhancing political and judiciary accountability. We do so in the context of Brazil's anti-corruption program, which randomly …
Persistent link: https://www.econbiz.de/10011507872
Purpose The theoretical debate of corruption's impact on economic growth remains unsettled, making it an empirical … question. This study aims to investigate corruption's effect on BRICS countries' economic growth. Design/methodology/approach A … employed to estimate a growth model as a linear-quadratic function of corruption that accounts for cross-sectional dependence …
Persistent link: https://www.econbiz.de/10014506786
The Obama stimulus package has been less than a total success if one is to compare what was predicted to what has been delivered to date. The crux of the problem is that the economic planners have ignored or failed to take into account the secondary effects that increased government spending has...
Persistent link: https://www.econbiz.de/10013054157
By Election Day 2020, the COVID-19 pandemic had killed 234,244 Americans and caused the sharpest macroeconomic downturn in US history. Regression analysis shows that in a “no pandemic” counterfactual or a counterfactual in which the severity of the pandemic was mitigated by 30 percent,...
Persistent link: https://www.econbiz.de/10013238675
dimensions, is broadly consistent with the greasing effects of corruption. While the study uses data from a single nation that is …
Persistent link: https://www.econbiz.de/10012494792
and institutional weakness (corruption) aspects. Results, based on data from more than 131 nations, show that strengthened … supply chains reduced donations. The impacts of corruption and logistics performance likely persisted from pre-COVID times … vaccine deals. Finally, donations received through COVAX were driven by qualitatively similar factors, except corruption did …
Persistent link: https://www.econbiz.de/10014393223
We empirically assess whether a usually expected negative response of private consumption and private investment to a fiscal consolidation is reversed. We focus on a large sample of 174 countries between 1970 and 2018. We also employ three alternative measures of the Cyclically Adjusted Primary...
Persistent link: https://www.econbiz.de/10012504460
Macroeconomic disasters (wars, pandemics, depressions) are characterized by drastic shifts and increased volatility of the aggregate consumption to income ratio. By standard intertemporal budget constraint logic, this ratio is linked to expectations of future income and consumption growth rates....
Persistent link: https://www.econbiz.de/10012511037
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