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efficiency of judicial systems and credit market development around the world. Data from a new database, the World Bank's Doing …Judicial enforcement of contracts can have an effect on credit market performance because it influences the risk and … judicial enforcement were also statistically significant in explaining credit market development. Long litigation processes and …
Persistent link: https://www.econbiz.de/10011918462
Handelsabkommen ("General Agreement on Tariffs and Trade", GATT) dar, welches 1994 als GATT'94 in der Welthandelsorganisation ("World …
Persistent link: https://www.econbiz.de/10011918465
We reconsider the relationship between oil and conflict, focusing on the location of oil resources. In a panel of 132 countries over the period 1962-2009, we show that oil windfalls increase the probability of conflict in onshore-rich countries, while they decrease this probability in...
Persistent link: https://www.econbiz.de/10011927977
that the American equity market created more instability as compare to other equity markets of the world. The portfolio …The aim of the study is to explore the long run association among Pakistani equity market and some developed and … Pakistani equity market well correlated with the American equity market. The impulse response function result also illustrated …
Persistent link: https://www.econbiz.de/10011938285
was mainly owing to a compositional effect, driven by increases in the lending market shares of national banking systems …
Persistent link: https://www.econbiz.de/10011942764
This paper presents a new measure of capital flow pressures in the form of a recast exchange market pressure index. The … asset portfolio considerations. Based on the modified exchange market pressure index, the paper also proposes a global risk …. For a large sample of countries over time, we demonstrate time variation in the effects of global risk on exchange market …
Persistent link: https://www.econbiz.de/10011942779
This volume presents new insights on marginality, i.e. the situation of people living on the edge of socio-economic and ecological systems. The marginality concept leads to different development policies. While the prevalence of poverty declined by about 50 percent in the past two decades, any...
Persistent link: https://www.econbiz.de/10011959566
international differences in the wage structure can be explained by differences in labor demand and supply in each country. The … model explicitly takes into account the effects of supply and demand shifts on the allocation structure to disentangle … country specific differences in the recruitment for one occupation from real supply-demand effects. Empirical results based on …
Persistent link: https://www.econbiz.de/10010261618
insurance against unemployment caused by labor market frictions and hence increases the incentives for education. We show within … leads, through a thick-market externality, to higher rates of job creation for high-skilled labor as well as average match …
Persistent link: https://www.econbiz.de/10010261628
This paper tests two hypotheses from the theory of elimination tournaments: (i) that uneven tournaments, where the contestants are ex ante heterogeneous, entail lower effort exertion; this is a prediction from agency theory that has not been tested empirically before; and (ii) whether incentives...
Persistent link: https://www.econbiz.de/10010261647