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On the relation between income inequality and happiness: Do fairness perceptions matter?

Bjørnskov, Christian; Dreher, Axel; Fischer, Justina A. V. - 2009

the World Values Survey data and a broad set of fairness measures, we find strong support for the negative (positive …

Persistent link: https://www.econbiz.de/10010285804

Foreign exchange intervention and the political business cycle: A panel data analysis

Dreher, Axel; Vaubel, Roland - 2007

By combining expansionary open market operations with sales of foreign exchange, the central bank can expand the monetary base without depreciating the exchange rate. Thus, if there is a monetary political business cycle, sales of foreign exchange are especially likely before elections. Our...

Persistent link: https://www.econbiz.de/10010285810

Extreme bounds of democracy

Gassebner, Martin; Lamla, Michael J.; Vreeland, James … - 2009

There are many stories of democracy but little consensus over which variables robustly determine its emergence and survival. We apply extreme bounds analysis to test the robustness of 59 factors proposed in the literature, evaluating over 3 million regressions. The most robust determinants of...

Persistent link: https://www.econbiz.de/10010285819

The impact of aid on growth revisited: Do donor motives matter?

Kilby, Christopher; Dreher, Axel - 2009

The typical identification strategy in aid effectiveness studies assumes donor motives do not influence the impact of aid on growth. We call this homogeneity assumption into question, first constructing a model in which donor motives matter and then testing the assumption empirically.

Persistent link: https://www.econbiz.de/10010285826

Does terror threaten human rights? Evidence from panel data

Dreher, Axel; Gassebner, Martin; Siemers, Lars-H. R. - 2007

The paper presents a political economy model linking terror and governments' respect for human rights. Using panel data for 111 countries over the period 1973-2002, we then empirically analyze whether and to what extent terror affects human rights - measured by three indices covering a wide...

Persistent link: https://www.econbiz.de/10010285829

Does aging influence sectoral employment shares? Evidence from panel data

Thiessen, Ulrich; Kholodilin, Konstantin A.; … - 2008

Our study represents a first attempt to single out the effects of aging on the entire structure of the economy that is approximated by employment shares in different sectors. We find that even after controlling for the effects of other relevant factors - e.g. income per capita, share of trade in...

Persistent link: https://www.econbiz.de/10010285830

Do IMF and World Bank programs induce government crises? An empirical analysis

Dreher, Axel; Gassebner, Martin - 2008

We examine whether and under which circumstances World Bank projects and IMF programs affect the likelihood of major … model specification, those of the World Bank are shown to be robust to the choice of control variables and method of …

Persistent link: https://www.econbiz.de/10010285844

Country or leader? Political change and UN general assembly voting

Dreher, Axel; Jensen, Nathan - 2009

In this project we explore the relationship between leader change and relations between states. Voting in the United Naion's General Assembly (UNGA) is often used as a measure of political proximity between countries. We use UN voting coincidence to examine how changes in leadership affect...

Persistent link: https://www.econbiz.de/10010285846

Macroeconomic stability and the real interest rate: A cross-country analysis

Groth, Charlotta; Zampolli, Fabrizio - 2010

We construct a measure of the short-term world interest rate using principal component analysis. Drawing on real … interest rate data for 18 OECD countries for the period 1985 - 2008, persistent deviations from the world interest rate that … that a rise in conditional consumption growth volatility relative to the rest of the world reduces the foreign exchange …

Persistent link: https://www.econbiz.de/10010285855

What determines the finance-growth nexus? An endogenous growth model and empirical evidence

Graff, Michael; Karmann, Alexander - 2003

An endogenous growth model on finance and growth is formulated, and empirical analyses are conducted. The model exhibits structural shifts and breaks caused by institutional changes, suggesting that a linear approach is inadequate. To address this point empirically, we fit data for 90 countries...

Persistent link: https://www.econbiz.de/10010285889