Showing 1 - 10 of 30,067
This paper studies a scenario - one of the six problems with Austrian Business Cycle theory raised by Hummel (1979 …
Persistent link: https://www.econbiz.de/10012899738
We study the economic implications of regional favoritism, a form of distributive politics that redistributes resources geographically within countries. Using enterprise surveys from low- and middle-income countries, we document that firms located close to leaders' birthplaces grow substantially...
Persistent link: https://www.econbiz.de/10013255946
In this paper, I document three stylized facts on leaders, institutions, and re-election incentives, using cross-country data: (1) in democracies, the positive relationship between leaders' performance and their capability is significantly less pronounced in their last term, when they do not...
Persistent link: https://www.econbiz.de/10014082516
The conventional version of Austrian business cycle theory focuses on a temporary imbalance between natural and … ‘sustainable' in the Austrian theory but followed by an inevitable readjustment crisis …
Persistent link: https://www.econbiz.de/10013015512
theory of economic fluctuations. The first part briefly introduces the Austrian approach and develops some of its basic tools …
Persistent link: https://www.econbiz.de/10012976855
The Austrian economists Ludwig von Mises and Friedrich A. Hayek developed a unique theory of the business cycle. In …
Persistent link: https://www.econbiz.de/10013061121
Persistent link: https://www.econbiz.de/10010391072
Persistent link: https://www.econbiz.de/10013166306
Theory on the grounds that our conception of capital and “roundaboutness”. In this comment we explain why we think this …
Persistent link: https://www.econbiz.de/10012870780
Persistent link: https://www.econbiz.de/10013502008