Showing 1 - 10 of 1,471
developing countries. This paper develops a theory of family business that brings market forces and the family, as a nonmarket …
Persistent link: https://www.econbiz.de/10014399982
We analyze how the altruism of an international financial institution (IFI) towards its lowincome member countries …. Thus, IFI altruism and the inability to commit are sufficient reasons to equip loans with conditions. Conditional loans … produce an efficient allocation of resources, so altruism is not a fundamental reason that loans fail to increase welfare …
Persistent link: https://www.econbiz.de/10014400281
Private transfers between individuals or through organized charities are increasingly viewed as an alternative for government social insurance programs. This paper models the incentive effects of government subsidized private transfers and finds that while there is a significant welfare benefit...
Persistent link: https://www.econbiz.de/10014403504
The paper explicitly models the dynamic strategic aspects of the interaction between the migrant and the remittance-receiving relative(s), with the migrant behaving as a Stackelberg leader. It is also different from other formalizations of remittance behavior in its treatment of the two...
Persistent link: https://www.econbiz.de/10014401824
This paper studies the interactions between electoral considerations and the imposition of price controls by opportunistic policymakers. The analysis shows that a policy cycle emerges in which price controls are imposed in periods leading to the election, and removed immediately afterwards. The...
Persistent link: https://www.econbiz.de/10014398107
Electoral rules determine how voters' preferences are aggregated and translated into political representation, and their design can lead to the election of representatives who represent broader or narrower constituencies. Relying on a regression discontinuity design, I contrast single- and...
Persistent link: https://www.econbiz.de/10012796797
In the presence of competing interest groups, this paper examines how the form of votebuying contracts affects policy outcomes. We study contracts contingent upon individual votes, policy outcomes, and/or vote shares. Voters either care about their individual votes, or about the policy outcome....
Persistent link: https://www.econbiz.de/10014404237
flows could be a valuable input to the analysis of their external vulnerabilities. This paper argues that ""altruism,"" as a … that altruism could have played an important role in the flow of remittances to Egypt, Jordan, Morocco, Pakistan, and …
Persistent link: https://www.econbiz.de/10014400396
This paper provides a model on how altruism, ""attachment"" to the home country, and portfolio diversification may act … are their degrees of altruism and ""attachment"" to their home country, and should also depend on interest rate …
Persistent link: https://www.econbiz.de/10014404024
This paper estimates the causal effect of fiscal rules on political budget cycles in a sample of 67 developing countries over the period 1985-2007. We exploit the geographical pattern in the adoption of fiscal rules to isolate an exogenous source of variation in the adoption of national fiscal...
Persistent link: https://www.econbiz.de/10012155128