Now showing items 61-70 of 126
Indirect Effects of an Aid Program: How do Cash Transfers Affect Ineligibles' Consumption
(2008-10-15)
We exploit the unique experimental design of a social program to understand how cash
transfers to eligible households indirectly affect the consumption of ineligible households living in the same villages. This indirect ...
Do Institutions, Ownership, Exporting and Competition Explain Firm Performance? Evidence from 26 Transition Countries
(2007-08-23)
Abstract: We analyze a large stratified random sample of firms that provide us with measures of performance and each firm’s top manager’s perception of the severity of business environment constraints faced by his/her firm. ...
Can Financial Frictions Account for the Cross-Section Feldstein-Horioka Puzzle?
(2006-04-06)
This paper studies the famous Feldstein and Horioka finding, which is a high correla-tion between long period averages of savings rates and investment rates across countries. We first confirm the Feldstein-Horioka finding ...
Corruption and Product Market Competition: An Empirical Investigation
(2010-09-24)
We analyze the relationship between product market competition and corruption. The
existing theoretical literature produces ambiguous implications for the sign of this
relationship, making it an empirical issue. Unlike ...
What Defines "News" in Foreign Exchange Markets?
(2006-04-06)
This paper examines whether the traditional sets of macro surprises, that most of the literature considers, are the only sorts of news that can explain exchange rate movements. We examine the intra-daily influence of a ...
The Benefits of Financial Sector Liberalization for Developing Countries: A Case Study of Ethiopia
(2008-10-14)
This paper focuses on issues of financial sector liberalization in Ethiopia, with reference in particular to the Ethiopian banking sector. Ethiopia is a country that has not been studied extensively because of its isolation ...
Can Social Programs Reduce Productivity and Growth? A Hypothesis for Mexico
(2007-09-11)
Social programs can reduce productivity and growth as they inadvertently generate perverse incentives for workers and firms. The core hypothesis is that these programs segment the labor market, tax formal salaried employment ...
Job Security Does Affect Economic Efficiency: Theory, A New Statistic, and Evidence from Chile
(2007-03-12)
The extensive empirical macro- and micro-level evidence on the impact of job security provisions is largely inconclusive. We argue that the weak evidence is a consequence of the weak power of statistics used, which is ...
A Product-Quality View of The Linder Hypothesis
(2007-03-20)
The Linder hypothesis states that countries of similar income per capita should trade more intensely with one another. This hypothesis has attracted substantial research over decades, but the empirical evidence has failed ...
Incumbents’ Incentives and Party Building in a Federal System: New Evidence from Russia
(2010-08-24)
This paper examines the relationship between federalism and the institutionalization of political parties. Institutionalized political parties maintain a professional bureaucracy, regulate their internal affairs by elaborate ...