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Rethinking Governance: Empirical Lessons Challenge Orthodoxy

Kaufmann, Daniel - EconWPA - 2003

In this discussion draft, linking research findings with concrete operational challenges, we review key issues in worldwide governance, and present recent empirical evidence. Focusing on defining and unbundling key governance components, such as rule of law, voice and accountability, corruption...

Persistent link: https://www.econbiz.de/10005561333

Computing Moral Hazard Programs With Lotteries Using Matlab

Karaivanov, Alexander - EconWPA - 2002

This paper provides a step-by-step hands on introduction to the techniques used in setting up and solving moral hazard problems with lotteries using Matlab. It uses a linear programming approach due to its relative simplicity and the high reliability of the available optimization algorithms.

Persistent link: https://www.econbiz.de/10005561511

Finance and Income Inequality: What Do the Data Tell Us?

Clarke, Georg R. G.; Xu, Lixin Colin; Zou, Heng-fu - In: Southern Economic Journal 72 (2006) 3, pp. 578-596

Although there are distinct conjectures about the relationship between finance and income inequality, little empirical … research compares their explanatory power. We examine the relationship between finance and income inequality for 83 countries …, finance, and growth to control for this. Our results suggest that, in the long run, inequality is less when financial …

Persistent link: https://www.econbiz.de/10005562053

Testing for (Efficiency) Catching-up

Henderson, Daniel J.; Zelenyuk, Valentin - In: Southern Economic Journal 73 (2007) 4, pp. 1003-1019

We used advances in data envelopment analysis (DEA) techniques to examine efficiency scores and investigate the issue of convergence and divergence in a cross-country analysis. Specifically, we used bootstrapping techniques to examine a data set of 52 developed and developing countries. We found...

Persistent link: https://www.econbiz.de/10005562214

The Making of Arms in South Africa

Dunne, J Paul - In: Economics of Peace and Security Journal 1 (2006) 1, pp. 40-48

The article presents a history of South Africa's arms industry. It charts the creation of Armscor, the post-apartheid breaking up of its procurement and production roles to form the current arms producer, Denel, and the even more recent restructuring of the industry. It is a story that shows the...

Persistent link: https://www.econbiz.de/10005565988

The American Frontier: Technology versus Immigration

Vandenbroucke, Guillaume - Economie d'Avant Garde - 2004

What drove western population growth in the U.S. during the 19th century? The facts are: (i) Natural increase was higher in the West than in the East; and (ii) in the early stages of the settlement process, net migration could account for up to 80% of population growth in some regions. A general...

Persistent link: https://www.econbiz.de/10005566110

The Transition of Corruption: From Poverty to Honesty

Gundlach, Erich; Paldam, Martin - Institut für Weltwirtschaft (IfW) - 2008

Measures of corruption and income are highly correlated across countries. We use prehistoric measures of biogeography as instruments for modern income levels to identify an exogenous long-run income effect. We find that our corruption-free incomes explain the cross-country pattern of corruption...

Persistent link: https://www.econbiz.de/10005566180

Two Views on Institutions and Development: The Grand Transition vs. the Primacy of Institutions

Paldam, Martin; Gundlach, Erich - Institut für Weltwirtschaft (IfW) - 2007

The Grand Transition (GT) view claims that economic development is causal to institutional development, and that many institutional changes can be understood as transitions occurring at roughly the same level (zones) of development. The Primacy of Institutions (PoI) view claims that economic...

Persistent link: https://www.econbiz.de/10005566215

Immigration and Outsourcing: A General Equilibrium Analysis

Bandyopadhyay, Subhayu; Wall, Howard J. - Institute for the Study of Labor (IZA) - 2005

This paper analyzes the issues of immigration and outsourcing in a general-equilibrium model of international factor mobility. In our model, legal immigration is controlled through a quota, while outsourcing is determined both by the firms (in response to market conditions) and through...

Persistent link: https://www.econbiz.de/10005566370

What Drives the Speed of Job Reallocation During Episodes of Massive Adjustment?

Jurajda, Stepán; Terrell, Katherine - Institute for the Study of Labor (IZA) - 2002

This paper uses individual-level data to characterize economy-wide job creation and destruction during periods of massive structural adjustment. We contrast the gradualist Czech and the rapid Estonian approach to the destruction of the communist economy to provide evidence on selected...

Persistent link: https://www.econbiz.de/10005566548