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This paper investigates how financial, trade, institutional and political liberalization policies have affected financial sector competition in Africa using updated data to appraise second generation reforms. The 'freedom to trade' and 'economic freedom' indices are employed. Hitherto,...
Persistent link: https://www.econbiz.de/10011390859
such factors. Consequently, trade liberalization will have dynamic effects on output and welfare as the economy moves to … appears to be quite large. The welfare impact of this dynamic effect is also measurable. The size of this dynamic gain from …
Persistent link: https://www.econbiz.de/10010334714
welfare improving. …
Persistent link: https://www.econbiz.de/10010352839
to find out the effects of foreign capital inflow on welfare of the country. Comparative-static results show that foreign …
Persistent link: https://www.econbiz.de/10011584160
to find out the effects of foreign capital inflow on welfare of the country. Comparative-static results show that foreign …
Persistent link: https://www.econbiz.de/10011669617
In this paper, we study methods of inferring a decision maker's true preference relation when observed choice data reveal a nontransitive preference relation due to choice mistakes. We propose some sensible properties of such methods and show that these properties characterize a unique rule of...
Persistent link: https://www.econbiz.de/10012010037
We explore the consequence of quality unpredictability for the welfare benefit of new products, using recent … well as many others, then creating new products can have substantial welfare benefits. Technological change in the recorded … music industry tripled the number of new products between 2000 and 2008. We quantify the effects of new music on welfare …
Persistent link: https://www.econbiz.de/10012055326
This paper provides the first empirical analysis of the (short-term) welfare consequences of an alcohol ban. Using … subjective well-being data to proxy individual welfare, I apply a regression discontinuity design where the date of the …
Persistent link: https://www.econbiz.de/10011891954
This paper provides the first empirical analysis of the (short-term) welfare consequences of an alcohol ban. Using … subjective well-being data to proxy individual welfare, I apply a regression discontinuity design where the date of the …
Persistent link: https://www.econbiz.de/10011902255
infrastructure on output, consumption, private investment, trade balance and welfare. The model is parameterized and solved for five …
Persistent link: https://www.econbiz.de/10011941043