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Trust in Public Institutions over the Business Cycle

Stevenson, Betsey; Wolfers, Justin - CESifo - 2011

We document that trust in public institutions—and particularly trust in banks, business and government—has declined over recent years. U.S. time series evidence suggests that this partly reflects the pro-cyclical nature of trust in institutions. Cross-country comparisons reveal a clear...

Persistent link: https://www.econbiz.de/10008872215

Dynamics and Time Scope of Post War Recovery Required for Compensating Civil War Economic Losses

Nam, Chang Woon; Schumacher, Jan - CESifo - 2013

Civil war is often caused by poverty, and further demolishes existing capital. Such a vicious circle is detrimental for economic development of countries experiencing civil war. Civil war may also contribute to creative destructions of traditional economic, social and political system, leading...

Persistent link: https://www.econbiz.de/10010690376

An Environmental-Economic Measure of Sustainable Development

Cairns, Robert D.; Martinet, Vincent - CESifo - 2013

A central issue in the study of sustainable development is the interplay of growth and sacrifice in a dynamic economy. This paper investigates the relationship among current consumption, sacrifice, and sustainability improvement in a general context and in two canonical, stylized economies. We...

Persistent link: https://www.econbiz.de/10010877894

Naturally Negative: The Growth Effects of Natural Disasters

Felbermayr, Gabriel J.; Gröschl, Jasmin - CESifo - 2013

Growth theory predicts that natural disasters should, on impact, lower GDP per capita. However, the empirical literature does not offer conclusive evidence. Most existing studies use disaster data drawn from damage records of insurance companies. We argue that this may lead to estimation bias as...

Persistent link: https://www.econbiz.de/10010701086

Testing the Pareto Efficiency of Household Resource Allocations

Apps, Patricia; Rees, Ray - CESifo - 2008

In a careful and thorough empirical study, Christopher Udry (1996) shows convincingly that, in a large sample of West African households, household resource allocations were not Pareto efficient. This paper argues that observation of the Pareto inefficiency of a household resource allocation...

Persistent link: https://www.econbiz.de/10005406400

Using Degree Days to Value Farmland

Massetti, Emanuele; Mendelsohn, Robert; Chonabayashi, Shun - CESifo - 2014

Farmland values have traditionally been valued using seasonal temperature and precipitation. A new strand of the literature uses degree days over the growing season to predict farmland value. We find that degree days and daily temperature are interchangeable over the growing season. However, the...

Persistent link: https://www.econbiz.de/10011105369

Can Peers Improve Agricultural Productivity?

Songsermsawas, Tisorn; Baylis, Kathy; Chhatre, Ashwini; … - CESifo - 2014

Productivity varies greatly among farmers and the source of that variation is not fully understood. Using a unique Indian household survey, we estimate peer effects on agricultural revenue. Results show that 60% of farmers' revenue is explained by peers. Input expenditures and land allocation to...

Persistent link: https://www.econbiz.de/10010948841

Geography vs. Institutions at the Village Level

Grimm, Michael; Klasen, Stephan - CESifo - 2008

There is a well-known debate about the roles of geography versus institutions in explaining the long-term development of countries. These debates have usually been based on cross-country regressions where questions about parameter heterogeneity, unobserved heterogeneity, and endogeneity cannot...

Persistent link: https://www.econbiz.de/10005094269

Demographic Change and Bank Profitability. Empirical Evidence from German Savings Banks

Berlemann, Michael; Oestmann, Marco; Thum, Marcel - CESifo - 2010

, allows us estimating the socio-demographic determinants of retail profitability. Using a simulation model, we are able to … predict the development of bank profitability due to demographic shifts up to 2025. One of the main findings is that the … the population reduces the customer base, ageing per se increases profitability as older customers typically generate …

Persistent link: https://www.econbiz.de/10008534055

Competition and Gender Prejudice: Are Discriminatory Employers Doomed to Fail?

Weber, Andrea; Zulehner, Christine - CESifo - 2009

According to Becker's (1957) famous theory on discrimination, entrepreneurs with a strong prejudice against female workers forgo profits by submitting to their tastes. In a competitive market their firms lack efficiency and are therefore forced to leave. We present new empirical evidence for...

Persistent link: https://www.econbiz.de/10008572488