Showing 1 - 10 of 128
This paper looks at the economic impact of secession through the lens of the disintegration of the former Yugoslavia … there has been no favourable economic impact of secession and that how secession was achieved is key in understanding the … subsequent economic performance of the newly independent countries. In cases of secession without conflict, independence did not …
Persistent link: https://www.econbiz.de/10011083216
as in the academic realm. A frequently made point is that allowing free secession may protect the minority’s interests … unattractive for the minority region. In contrast, limiting the secession possibilities by requiring the consent of a majority of …
Persistent link: https://www.econbiz.de/10005788882
determining the likelihood of secession and unification. We provide empirical support for choosing genetic distances as a proxy of … cultural heterogeneity. By using data on genetic distances, we examine the stability of the current map of Europe and identify … the regions prone to secession and the countries that are more likely to merge. Our framework is further applied to …
Persistent link: https://www.econbiz.de/10005136479
We measure the amount of income insurance and cross-sectional consumption smoothing (lending and borrowing) achieved within subgroups of states, such as regions or clubs, e.g. the club of rich states. We find that there is as much income insurance between, as well as within, regions. By...
Persistent link: https://www.econbiz.de/10005504778
In this paper we investigate the impact of local quality of government on the attractiveness of European regions to migrants. The analysis is based on panel data estimations of 254 regions for the period between 1995 and 2009. Different instrumental variable techniques have been employed in...
Persistent link: https://www.econbiz.de/10011084341
This Paper examines city formation in a country whose urban population is growing steadily over time, with new cities required to accommodate this growth. In contrast to most of the literature there is immobility of housing and urban infrastructure, and investment in these assets is taken on the...
Persistent link: https://www.econbiz.de/10005788954
Three hypotheses about the nature of federal tax arrears in Russia in the second half of the 1990s are tested empirically. Tax arrears can be a result of: 1) liquidity problems in firms, 2) redistribute subsidies of the federal government, or 3) regional political resistance to federal tax...
Persistent link: https://www.econbiz.de/10005791588
Despite substantial regional expenditures at both national and community level, European regional policies do not appear to deliver. The evidence suggests that neither efficiency gains nor reduced regional inequalities are attained. If there is any positive impact at all, then it is at the most...
Persistent link: https://www.econbiz.de/10005123639
In this paper we introduce the notion of stability threshold that quantifies the minimal returns to size sufficient to … prevent credible secession threats by regions of the country. Severity of internal tension has been linked to degree of …, raise the stability threshold, even though this hypothesis holds in some asymptotic sense. Thus, somewhat counter …
Persistent link: https://www.econbiz.de/10005123952
This paper examines the historical record of the Austro-Hungarian monetary union, focusing on its bargaining dimension. As a result of the 1867 Compromise, Austria and Hungary shared a common currency, although they were fiscally sovereign and independent entities. By using repeated threats to...
Persistent link: https://www.econbiz.de/10005136457