Showing 1 - 10 of 418
This paper documents the evolution of the legal independence of the Bank of Israel since its creation in 1954 to present times, provides an international comparison, and assesses the changes in the actual independence of the Bank on a yearly basis following the 1985 stabilization of inflation....
Persistent link: https://www.econbiz.de/10005497895
We use spatial regression discontinuity analysis to test whether the historical partition of Poland among three empires—Russia, Austria-Hungary, and Prussia—has a persistent effect on political outcomes in contemporary Poland and to examine the channels of this influence. We find that the...
Persistent link: https://www.econbiz.de/10011083639
This Paper looks at the effect of domestic and external financial liberalization. Using a sample of 27 developing and developed countries, it studies the exchange market pressure and output gap effects of liberalization. The results show that developing and developed countries differ in many...
Persistent link: https://www.econbiz.de/10005666570
I study data on bribes actually paid by individuals to public officials, viewing the results through a theoretical lens that considers the implications of trust networks. A bond of trust may permit an implicit quid pro quo to substitute for a bribe, which reduces corruption. Appropriate networks...
Persistent link: https://www.econbiz.de/10005667098
We investigate the role of national institutions on regional development in a novel framework. We exploit the fact that the arbitrary political boundaries in the eve of African independence partitioned more than two hundred ethnic groups across different countries subjecting similar cultures,...
Persistent link: https://www.econbiz.de/10011084103
We investigate the role of deeply-rooted pre-colonial ethnic institutions in shaping comparative regional development within African countries. We combine information on the spatial distribution of ethnicities before colonization with regional variation in contemporary economic performance, as...
Persistent link: https://www.econbiz.de/10011084243
We examine the link between pre-colonial statehood and contemporary regional African development, as reflected in satellite images on light density at night. We employ a variety of historical maps to capture the former. Our within-country analysis reveals a strong positive correlation between...
Persistent link: https://www.econbiz.de/10011084301
evidence is supportive to theories and narratives on the presence of a "dual" economic and institutional environment in Africa. …
Persistent link: https://www.econbiz.de/10011084579
because typically in Africa, ‘good economics’ has proved not to be politically feasible. In this Paper we suggest that good …
Persistent link: https://www.econbiz.de/10005661844
Africa and Latin America secured their independence from European colonial rule a century and half apart: most of Latin … America after 1820 and most of Africa after 1960. Despite the distance in time and space, they share important similarities … about a half-century (lost decades). The parallels suggest that Africa might be exiting from a period of post …
Persistent link: https://www.econbiz.de/10005136542