-
作者：Kohler, HP
作者单位：Max Planck Society
摘要：The so-called 'diffusion of innovation' approach is often used in explanations of historical and contemporary fertility declines. We investigate this issue by developing a new theoretical analysis, which combines economic and sociological reasoning. Particular attention is devoted to the role of social networks for the selection of equilibria in situations when fertility decline constitutes a coordination problem. We show that the effect of networks depends on the particular interaction among ...
-
作者：Galindo, AJ
作者单位：Inter-American Development Bank
摘要：This paper analyzes credibility in the Colombian exchange-rate target zone. A model of imperfect credibility, in the spirit of Bertola and Svensson [Bertola, G., Svensson, L., 1993. Stochastic devaluation risk and the empirical fit of target zone models. Review of Economic Studies 60, 689-712] is derived, and estimated;using Colombian data. The main feature of the model is that central-parity depreciation expectations are endogenous with respect to the position of the exchange rate inside the ...
-
作者：Dicks-Mireaux, L; Mecagni, M; Schadler, S
作者单位：International Monetary Fund
摘要：The purpose of this paper is twofold: to apply to a group of low-income borrowers from the IMF, the most commonly used technique for measuring the independent effects on economic developments of IMF support; and to develop a minimum set of diagnostic tests for determining whether necessary conditions for using the methodology exist. The modified control-group methodology is used to measure the effect of IMF support on three key variables - output growth, inflation, and the external debt/servic...
-
作者：Gardner, R; Herr, A; Ostrom, E; Walker, JA
作者单位：Indiana University System; Indiana University Bloomington; Indiana University System; Indiana University Bloomington; Indiana University System; Indiana University Bloomington
摘要：This paper examines the success and limitations of proportional cutbacks as an allocation rule for improving the performance of common-pool resources (CPRs). Two field cases, one success and one failure, motivate the analysis. For symmetric CPRs, we establish the existence of efficiency-enhancing proportional cutbacks. We then introduce complications that arise in the presence of asymmetries, which induce a continuum of proportional cutbacks that raise efficiency above Nash equilibrium. Calibr...
-
作者：Esfahani, HS
作者单位：University of Illinois System; University of Illinois Urbana-Champaign
摘要：This paper develops a model of government policy toward industrial control and regulation that sheds light on the determinants of differential country experiences in terms of organizational arrangement and enterprise performance. In contrast to the model developed by Shleifer and Vishny [Shleifer, A., Vishny, R.W., 1994. Politicians and Firms, Quarterly Journal of Economics, 109, 995-1025; Shleifer, A., Vishny, R.W., 1998. The Grabbing Hand: Government Pathologies and Their Cures. Harvard Univ...
-
作者：Keller, W
作者单位：University of Texas System; University of Texas Austin
摘要：We revisit East Germany's growth performance relative to West Germany since World War II. It is shown that before German reunification an 1991, East Germany's regions experienced much lower rates of technical progress than Western regions, while after German reunification, the opposite was the case: relatively high technical progress in the East explains almost half of the East's catch-up with West Germany between 1991-1996. We emphasize the level of domestic innovative activity as well as the...
-
作者：Kilby, C
作者单位：Vassar College
摘要：This paper explores the impact of donor supervision on development project performance using data from World Bank-funded projects. Maximum likelihood estimation of a restricted ordered probit function finds that early supervision has a positive impact on performance. Given the size of World Bank-funded projects, gains from increasing supervision far outweigh the costs. The results provide evidence of an institutional bias toward lending at the expense of increased development impact. (C) 2000 ...
-
作者：Abdulai, A
作者单位：Swiss Federal Institutes of Technology Domain; ETH Zurich
摘要：This paper utilizes recently developed threshold cointegration tests that allow for asymmetric adjustment toward a long-run equilibrium relationship to examine price linkages between principal maize markets in Ghana. Unlike previous studies, the approach employed here assumes that economic agents only act to move the system back to equilibrium when the deviation from equilibrium exceeds a critical threshold, whereby the benefits of this adjustment exceed the costs. The findings indicate that m...
-
作者：Schafgans, MMA
作者单位：University of London; London School Economics & Political Science
摘要：This paper is an-empirical study on the labor force in (Peninsular) Malaysia. Parametric and semiparametric estimated wage equations, which correct for sample selection bias, are used to assess the returns to education and extent of gender 'discrimination'. To estimate in the semiparametric case the wage equation intercept, which is needed for the Oaxaca wage decomposition, consistently we apply the newly developed Andrews-Schafgans [Andrews, D.W.K., Schafgans, M.M.A., 1998, Semiparametric est...
-
作者：Petrovic, P; Vujosevic, Z
作者单位：University of Belgrade; University of Belgrade
摘要：A conjecture, advanced by some ad hoc evidence and the theory that money accommodates wage inflation in transition economies, is tested and accepted for Yugoslavia's high inflation of the 1980s. Within a cointegration framework, an overidentified long-run structure is estimated and accepted, where money is cointegrated with wages while not with prices. Furthermore, two independent common stochastic trends emerge, suggesting that aggregate supply shocks (i.e. those to wages and prices) and exch...
