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This paper revisits the question of why more open countries tend to have bigger governments. We replicate successfully the main results of Ram (2009), who rejects the role of country size as an omitted variable. However, several extensions advise against a hasty conclusion: The results differ...
Persistent link: https://www.econbiz.de/10011209613
There exists a persistent disagreement in the literature over the effect of business cycles on economic growth. This paper offers a solution to this disagreement, suggesting that volatility carries not only a positive direct effect, but also a negative indirect effect, operating through the...
Persistent link: https://www.econbiz.de/10010939860
Empirical findings of a negative association between female participation in politics and the labor market, and levels of corruption have received great attention. We reproduce this correlation for 177 countries from 1998 to 2014. However, once taking account of country-specific heterogeneity...
Persistent link: https://www.econbiz.de/10012512956