We focus on the role that the transmission of information between a multilateral (the IMF) and a country has for the optimal design of conditional reforms. Our model predicts that when agency problems are especially severe, and/or IMF information is valuable, a centralized control is indeed...

This paper examines determinants of revolutionary behaviour. We study the role of freedom of communication, repression of opposition and the government’s selfishness. Combining econometric analysis of survey data with a laboratory experiment, we analyse how these factors affect preferences for...

To study whether foreign aid fuels personal, regional and ethnic favoritism, we use satellite data on nighttime light for any region in any aid-recipient country, and we determine for each year and each country the region in which the current political leader was born. Having a panel with 22,850...

We assess the effect of income inequality on life expectancy by performing separate estimations for developed and developing countries. Our empirical analysis challenges the widely held view that inequality matters more for health in richer countries than for health in poorer countries....

We will be asking ourselves if the trading blocs created or renewed since the end of the 1980s favor the multilateralization of trade, and so constitute building or stumbling blocks. In a gravity model using panel data, we estimate a set of three regional dummies representative of intra-bloc...

We provide cross-country evidence that rejects the traditional interpretation of the natural resource curse. First, growth depends negatively on volatility of unanticipated output growth independent of initial income, investment, human capital, trade openness, natural resource dependence, and...

Corporate finance literature has devoted much effort in analysing stock returns and in developing models in order to precisely forecast their yields on the market, because of the different useful purposes of these forecasts that animate economic life of countries and corporations.Following a new...

In the present paper an effort will be made to estimate econometrically with annual panel data the impact of globalization on income distribution within countries. The following countries are examined: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands,...

In the present paper it will be shown that trade unions have a positive impact on economic growth. This finding is in agreement with the works of (Tapio Palokangas, 1996; 2000; 2004; 2005); (Grieben and Şener, 2008) and it refers to the following countries: Austria, Belgium, Denmark, Finland, France,...