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Deals Versus Rules : Policy Implementation Uncertainty and Why Firms Hate it
Hallward-Driemeier, Mary; Khun Jush, Gita; Pritchett, Lant - 2010
Firms in Africa report "regulatory and economic policy uncertainty" as a top constraint to their growth. We argue that … often firms in Africa do not cope with policy rules, rather they face deals; firm-specific policy actions that can be … uncorrelated with ex-post firm-level responses, further evidence that deals rather than rules prevail in Africa. Strikingly, the …
Persistent link: https://www.econbiz.de/10014194253
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The macroeconomic impact of recent political conflicts in Africa : generalized synthetic counterfactual evidence
Diop, Samba; Asongu, Simplice; Tchamyou, Vanessa - 2021
This paper measures the macroeconomic impact of recent political crisis, protest and uprisings in Africa with the …
Persistent link: https://www.econbiz.de/10012650707
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Sticks or carrots? : comparing effectiveness of government shadow economy policies in Russia
Kluge, Janis; Libman, Alexander - 2017
Which incentives have the strongest impact on the size of the shadow economy? Is it about government's pressure against entrepreneurs operating in this sector, or is it about the benefits of legality? The goal of this paper is to explicitly contrast the role of sticks (court repressiveness) and...
Persistent link: https://www.econbiz.de/10011620553
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Institutional Causes of Macroeconomic Volatility
Barseghyan, Levon; DiCecio, Riccardo - 2008
We investigate the relation between the quality of institutions and macroeconomic volatility. Using instrumental variable regressions, we show that higher barriers to entry lead to higher volatility. In particular, a one standard deviation increase in entry costs increases the standard deviation...
Persistent link: https://www.econbiz.de/10014216941
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Sources of Economic Policy Uncertainty in Nigeria : Implications for Africa
Ozili, Peterson K - 2021
This paper identifies the sources of economic policy uncertainty in Nigeria and draw implications for Africa. The paper …
Persistent link: https://www.econbiz.de/10013314404
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Politics and economics of Africa ; Vol. 2
Columbus, Frank H. (contributor) - 2002
Persistent link: https://www.econbiz.de/10001799057
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Forces of change affecting African food markets : implication for public policy
Jayne, Thomas S. - In: The transformation of agri-food systems : …, (pp. 109-139). 2008
Persistent link: https://www.econbiz.de/10003781865
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Economic policy uncertainty and stock market participation
Gábor-Tóth, Enikő; Georgarakos, Dimitris - 2018 - This version: 21 February 2018
Does economic policy uncertainty affect household stockholding? To answer this question we create a novel measure of household exposure to economic policy uncertainty news by combining survey information on the hours a household spends in reading newspapers and the frequency of such news in the...
Persistent link: https://www.econbiz.de/10011804056
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Eingeschränkt rationales Verhalten : Evidenz und wirtschaftspolitische Implikationen
Altmann, Steffen; Falk, Armin; Marklein, Felix - 2009
Die Präzision ökonomischer Prognosen und die Qualität politischer Handlungsempfehlungen hängen in entscheidendem Ausmaß von der Qualität des zugrunde liegenden Verhaltensmodells ab. Nur ein empirisch gut fundiertes Modell ökonomischen Handelns erlaubt es, die Konsequenzen politischer...
Persistent link: https://www.econbiz.de/10003874807
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On the use of event studies to evaluate economic policy decisions: a note of caution
Haji Ali Beigi, Maryam; Budzinski, Oliver - 2012
Event studies represent an increasingly popular method to evaluate (future) welfare effects of economic policy decisions. The basic idea is to hire the stock market as a referee, i.e. that stock market reactions to the announcement of policy decision are interpreted to contain superior...
Persistent link: https://www.econbiz.de/10009680439