Showing 1 - 10 of 55
While the regulation of tenancy arrangements is widespread in the developing world, evidence on how such regulation influences the long-run allocation of land and labor remains limited. To provide such evidence, this paper exploits quasi-random assignment of linguistically similar areas to...
Persistent link: https://www.econbiz.de/10011084658
A windfall of foreign aid or natural resource revenue faces government with choices of how to manage public borrowing, public asset accumulation, and the distribution of funds to households (across time and household types), particularly when the windfall is both anticipated and temporary. These...
Persistent link: https://www.econbiz.de/10005656389
In earlier work we documented two episodes in which a sharp fiscal consolidation was associated with a surprisingly large expansion in private domestic demand. In this paper we draw on further evidence to investigate if and when fiscal policy changes can have such non-Keynesian effects. In the...
Persistent link: https://www.econbiz.de/10005136472
Harberger’s superneutrality conjecture contends that, although in theory the mix of direct and indirect taxes affects investment and growth, in practice tax policy is ineffective as an instrument to promote growth. This paper provides evidence to support this view by examining the predictions...
Persistent link: https://www.econbiz.de/10005136639
The modern theory of agrarian organization has studied how the economic environment determines organizational form under the assumption of stable property rights to land. The political economy literature has modeled the endogenous determination of property rights. In this Paper we propose a...
Persistent link: https://www.econbiz.de/10005504643
-profit entrepreneurs: kings, lords, or mafia dons. Though self-governance is best for the population, it faces problems of long …
Persistent link: https://www.econbiz.de/10005504400
Using cross-country and Peruvian data, I show that victims of misfortune, particularly crime victims, are much more likely than non-victims to bribe public officials. Misfortune increases victims' demand for public services, raising bribery indirectly, and also increases victims' propensity to...
Persistent link: https://www.econbiz.de/10005504493
Recent events in several countries have underscored the importance of good governance in private occupational pension …. Under complete contracting, governance can be shown to be neutral: DC and DB plans differ only on risk allocation. If …
Persistent link: https://www.econbiz.de/10005497828
This paper develops a new insight enabling the empirical study of media capture: minority shareholders of newspapers and readers face similar risks. Both are adversely affected when corrupt insiders use the newspaper for personal profit and receive invisible revenues. This means that relevant...
Persistent link: https://www.econbiz.de/10011083663
shareholders) engage in corporate governance. In classical models, blockholders exert governance through direct intervention in a … governance by extracting private benefits of control or pursuing objectives other than firm value maximization. I highlight the …
Persistent link: https://www.econbiz.de/10011084247