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What determines the development of rural financial markets? Starting from a simple theoretical framework, we derive the factors shaping the market entry of rural microfinance institutions across time and space. We provide empirical evidence for these determinants using the expansion of credit...
Persistent link: https://www.econbiz.de/10012138789
This paper attempts to provide a conceptual framework for the analysis of counterfactual scenarios using macroeconometric models. As an application we consider UK entry to the euro. Entry involves a long-term commitment to restrict UK nominal exchange rates and interest rates to be the same as...
Persistent link: https://www.econbiz.de/10003109826
costs implied by CCX membership. Most strikingly, the progress of proposed greenhouse gas legislation (the Waxman …
Persistent link: https://www.econbiz.de/10009127732
We analyze union behavior in a model with membership dynamics and compare the labor market outcomes to static union …'s time preference whether static frameworks overrate or even underrate unions' distortions. -- unions ; endogenous membership …
Persistent link: https://www.econbiz.de/10008697166
In Germany, there is no trade union membership wage premium, while the membership fee amounts to 1% of the gross wage … evidence for a private gain from trade union membership which has hitherto not been documented: in West Germany, union members … average partial effect of union membership. -- dismissal ; free-riding ; trade union membership ; survey data …
Persistent link: https://www.econbiz.de/10008697520
We argue that membership in International Organizations (IOs) is an important determinant of FDI inflows. To the extent … that membership restricts a country from pursuing policies that are harmful to investors, it can signal low political risk …. Using data over the 1971-2005 period, we find that membership in IOs does indeed increase inflows of FDI. Controlling for …
Persistent link: https://www.econbiz.de/10008699691
Persistent link: https://www.econbiz.de/10003377296
As is now well documented, aid is given for both political as well as economic reasons. The conventional wisdom is that politically-motivated aid is less effective in promoting developmental objectives. We examine the ex-post performance ratings of World Bank projects and generally find that...
Persistent link: https://www.econbiz.de/10003948233
Persistent link: https://www.econbiz.de/10003688912
We study the choice of club membership, when member-countries national governments set their tax policies non …-cooperatively. Federal policy (in the form of club membership) has a higher constitutional status than national policies (in the form of … show that equilibrium membership decreases with any factors that generate Nash-type inefficiencies; growing capital …
Persistent link: https://www.econbiz.de/10011508078