Showing 1 - 10 of 12
Persistent link: https://www.econbiz.de/10009722877
This paper explores the conditions under which public spending could minimize violent conflict related to oil wealth. Previous work suggests that oil can lead to violent conflict because it increases the value of the state as a prize or because it undermines the state' bureaucratic penetration....
Persistent link: https://www.econbiz.de/10011396381
Credit rating agencies have been an important determinant of countries' cost of capital in the last couple of decades. This paper studies the effect of the governance of modern central banks on the ratings assigned by the credit rating agencies Standard and Poor's and Moody's. Until recently,...
Persistent link: https://www.econbiz.de/10012963114
Does globalization just create welfare gains, or is it accompanied by lower accountability, reduced welfare provision, labor standards or human rights? We argue that the broad and legally enforceable protection offered to foreign investors by bilateral investment treaties (BITs) worsens the...
Persistent link: https://www.econbiz.de/10012945451
This paper explores the conditions under which public spending could minimize violent conflict related to oil wealth. Previous work suggests that oil can lead to violent conflict because it increases the value of the state as a prize or because it undermines the state's bureaucratic penetration....
Persistent link: https://www.econbiz.de/10012972501
This paper investigates the impact of economic crises on income inequality. Important evidence has emerged that in the aftermath of crises politics becomes polarized and economists have linked this to greater differences in income due to crises. The evidence however on whether crises can be...
Persistent link: https://www.econbiz.de/10012859436
In dominant party regimes, party cadres' participation in decision-making constrains dictators from arbitrarily changing policy. Party based regimes are also better at mobilizing supporters in exchange for extensive patronage. The conventional wisdom is that these two mechanisms work together to...
Persistent link: https://www.econbiz.de/10012934623
The most influential recent work on the determinants of civil wars found the factors associated with the grievance motivation to be largely irrelevant. Our paper subjects the results of this empirical work to further scrutiny by embedding the study of civil war in a more general analysis of...
Persistent link: https://www.econbiz.de/10012552845
Persistent link: https://www.econbiz.de/10011600624
Persistent link: https://www.econbiz.de/10010442338