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In this paper, energy sector’s monopoly behavior is analyzed in the case of Azerbaijan by referring to the literature of Dutch disease and rent-seeking. As a theoretical background, a new general equilibrium model is also developed in order to explain unusual surge of gasoline prices in...
Persistent link: https://www.econbiz.de/10014083186
We review, and extend, one of the classic dynamic models of conflict in economics by Richardson (1919) and Boulding … of conflict. In addition, we explore an incrementalist version of the model as well as a stochastic one and show how this … dynamic conflict. …
Persistent link: https://www.econbiz.de/10011442602
We investigate the extent to which the intensity of political competition moderates the governance issues that arise in … competition in and between national parliamentary elections: the size of the majority of the governing party in the House; the … that greater political competition enhances fiscal stability, speeds up convergence of government size from above on …
Persistent link: https://www.econbiz.de/10012908683
Persistent link: https://www.econbiz.de/10001387466
India has employed a variety of military, political, and economic measures to combat the long running insurgency in Kashmir with little evidence on what contributes to stability in the region. This paper uses a variety of tests to detect structural breaks in the time series for violence over the...
Persistent link: https://www.econbiz.de/10011776470
What is self-governance, and under what sets of institutions is it possible? We explore this question from the perspective of informal (de facto) constitutionalism. The dominant approach, grounded in formal constitutionalism, overlooks crucial institutional features that determine whether...
Persistent link: https://www.econbiz.de/10012900468
An attempt is made in this paper to examine the impacts of government spending on human capital on human development indicators like healthcare outcomes, education achievements and increase in national income in Namibia using time series data from 1980 to 2015. The analysis reveals a significant...
Persistent link: https://www.econbiz.de/10012256228
An attempt is made in this paper to examine the impacts of government spending on human capital on human development indicators like healthcare outcomes, education achievements and increase in national income in Namibia using time series data from 1980 to 2015. The analysis reveals a significant...
Persistent link: https://www.econbiz.de/10014095681
There is strong empirical evidence that the GARCH estimates obtained from panels of financial time series cluster. In order to capture this empirical regularity, this paper introduces the Hierarchical GARCH (HG) model. The HG is a nonlinear panel specification in which the coefficients of each...
Persistent link: https://www.econbiz.de/10013038502
We investigate the extent to which the intensity of political competition moderates the governance issues that arise in … competition in and between national parliamentary elections: the size of the majority of the governing party in the House; the … that greater political competition enhances fiscal stability, speeds up convergence of government size from above on …
Persistent link: https://www.econbiz.de/10011899070