Now showing items 11-20 of 56
CAN DREAMS COME TRUE? ELIMINATING EXTREME POVERTY IN AFRICA BY 2030
(2014-04-01)
With the year 2015 – the MDG finishing line – approaching, post-2015 goals as they impact Africa need to be firmed. The goal of ending extreme poverty remains paramount. Globally, the World Bank set goals to end extreme ...
To B or Not To B? Understanding the Emergence of Social Entrepreneurship in the Financialized Economy
(2014-07)
This study aims at understanding the recent proliferation of social enterprises, a class of organizations explicitly committed to advancing non-financial stakeholders’ interests, against the historical backdrop of economic ...
Looking in the Rear View Mirror: The Effect of Managers’ Professional Experience on Corporate Financial Policy
(2014-01)
We track the employment history of over 9,000 managers to study the effects of professional experiences on corporate policies. Our identification strategy exploits exogenous CEO turnovers and employment in other firms, in ...
How smooth is the stock market integration of CEE-3?
(2014-06-01)
We study the stock market integration of emerging CEE-3 stock markets (namely, the Czech, Hungarian, and Polish markets) and hypothesize that this process has been gradual over time. As a proxy for integration, co-movements ...
The role of monetary policy in the New Keynesian Model: Evidence from Vietnam
(2014-02-01)
This paper reproduces a version of the New Keynesian model developed by Ireland (2004) and then uses the Vietnamese data from January 1995 to December 2012 to estimate the model’s parameters. The empirical results show ...
The Role of the Business Cycle in Exchange Rate Pass-Through: The Case of Finland
(2014-06-01)
In this paper we investigate whether exchange rate pass-through (ERPT) responds nonlinearly to economic activity along the business cycle. Using quarterly data spanning the period 1975:1 to 2011:1, we explore the existence ...
National Drug Stockout Risks in Africa: Analysis of the Global Fund Disbursement Process for Procurement from 2002 to 2013
(2014-05)
Despite substantial financial aid from international donors for procurement of health products, stockouts of life-saving drugs related to prevalent infectious diseases are still widespread in Africa. Addressing the lack ...
Holding Corporate Officers Strictly Liable Under Patent and Corporate Law
(2014-05)
Corporate officer liability doctrines under both the Patent Act and the Copyright Act diverge markedly from traditional corporate, agency, and tort law doctrines. This paper argues that current case law reflects an instinctive ...
The Dynamics of Firm Lobbying
(2014-01-01)
How is economic policy made? In this paper we study a key determinant of the answer to the question: lobbying by firms. Estimating a binary choice model of firm behavior, we find significant evidence for the idea that ...
The Real Exchange Rate and External Competitiveness in Egypt, Morocco and Tunisia
(2014-01-01)
Egypt, Morocco and Tunisia face challenges competing on the global markets, as shown by their relatively low and stagnant export shares. The limited export competitiveness has hampered external demand, growth and employment. ...