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  • ddc:330  (89)
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  • 1
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    Louvain-la-Neuve: European Regional Science Association (ERSA)
    Publication Date: 2015-09-11
    Description: The study of corruption is attracting lot of attention in recent years. Focusing on the economic consequences of corruption, the empirical evidence points to a positive relation between institutional integrity, or absence of corruption, and economic growth. Although most developed countries tend to have lower corruption than less developed ones, there exists significant variation within OECD countries. As an example, it may be observed that the gap in perceived corruption between the Nordic countries and southern Europe is larger than the gap between southern Europe and the average of the emerging economies. In this context, the objective of this paper is to analyze the impact of corruption on economic performance in a sample of OECD countries during the period 1980-2000. Specifically, we study the effect of corruption on productivity and efficiency change, trying to determine whether productivity growth is greater in countries with lower corruption. To this end, different productivity measures are compared by considering both output per worker and Total Factor Productivity (TFP). Furthermore, TFP change is decomposed into efficiency change and technological progress by means of Malmquist productivity indices. On the basis of this of this decomposition we will analyze whether corruption affect TFP growth via efficiency gains or technological change, thus gaining insight into the channels through which corruption influence economic growth.
    Keywords: ddc:330
    Language: English
    Type: doc-type:conferenceObject
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  • 2
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    La Plata: Universidad Nacional de La Plata, Centro de Estudios Distributivos, Laborales y Sociales (CEDLAS)
    Publication Date: 2016-02-18
    Description: This paper takes advantage of a new source of information – the Gallup World Poll 2006 – to estimate and characterize income poverty and inequality in Latin America and the Caribbean (LAC) at the country level, and to compare LAC estimates to those in other regions of the world. The Gallup survey has the advantage of being conducted in over 130 nations with almost the same questionnaire in all countries, and then it stands as a complement to national household surveys for international comparison purposes.
    Keywords: ddc:330 ; Einkommensverteilung ; Intergenerationale Übertragung ; Argentinien
    Language: Spanish
    Type: doc-type:workingPaper
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  • 3
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    Bonn: Institute of Labor Economics (IZA)
    Publication Date: 2019-09-04
    Description: The effectiveness of social interaction depends strongly on an ability to coordinate actions efficiently. In large networks, such coordination may be very difficult to achieve and may depend on the communication technology and the network structure. We examine how pre-play communication and clustering within networks affect coordination in a challenging experimental game on eight-person networks. Free-form chat is enormously effective in achieving the nonequilibrium efficient outcome in our game, but restricted communication (where subjects can only indicate their intended action) is almost entirely ineffective. We can rationalize this result with a novel model about the credibility of cheap-talk messages. This credibility is much larger with freeform message communication than with restricted communication. We are the first to model this credibility and show, both theoretically and experimentally, an interaction effect of network structure and communication technologies. We also provide a model of message diffusion, which indeed predicts that diffusion will be more rapid without clustering and is consistent with our data.
    Keywords: C71 ; C91 ; D03 ; D85 ; ddc:330 ; networks ; clustering ; communication ; credibility ; cheap talk ; experiment
    Language: English
    Type: doc-type:workingPaper
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  • 4
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    Munich: Center for Economic Studies and Ifo Institute (CESifo)
    Publication Date: 2018-11-19
    Description: This paper investigates the impact of international shocks - interest rate, commodity price and industrial production shocks - on key macroeconomic variables in ten Central and Eastern European (CEE) countries by using near-VAR models and monthly data from the early 1990s to 2009. In contrast to previous work, the empirical analysis takes explicit account of the possibility of (multiple) structural breaks in the underlying time series. We establish strong evidence of structural breaks, particularly along the years 2007 and 2008, suggesting the very relevant impact of the recent global crisis on CEE economies. Moreover, our results suggest that the way how countries react to world commodity price shocks is related to the underlying economic structure and the credibility of the monetary policy. We also find that some countries like Slovakia and Slovenia - already euro area members - react stronger to foreign industrial production shocks than other countries and that the responses to such shocks are strongly correlated for selected CEE countries. Nevertheless, our results also shed light on substantial differences in responses to foreign interest rate shocks that originate from the US or the euro area.
    Keywords: E43 ; E50 ; E52 ; C22 ; O52 ; ddc:330 ; monetary policy ; foreign shocks ; multiple structural breaks ; near-VAR model ; CEE economies ; Schock ; Zins ; International ; Weltkonjunktur ; Makroökonomischer Einfluss ; VAR-Modell ; Schätzung ; Ostmitteleuropa
    Language: English
    Type: doc-type:workingPaper
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  • 5
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    Vigo: Academia Europea de Dirección y Economia de la Empresa (AEDEM)
    Publication Date: 2018-11-16
    Description: This paper analyses the relationship between firm performance and women on boards and top management positions in a sample of large Spanish firms in the period 2000-2004. The results of the study indicate that the percentage of women on boards and top management teams is much lower in industrial and technological sectors than in services. The participation of women is greater in industries that have greater percentages of women in the workforce. The relationship between women participation on boards and firm performance depend on the measure of female representation and the measure of firm performance. The variation of firm performance in the period 2000-2004 does not explain the variation of female representation on boards and top management during that period.
    Keywords: ddc:330 ; corporate governance ; women ; firm performance
    Language: Spanish
    Type: doc-type:article
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  • 6
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    Innsbruck: University of Innsbruck, Department of Public Finance
    Publication Date: 2018-11-23
    Description: The paper reports an experimental study based on a variant of the popular Chinos game, which is used as a simple but paradigmatic instance of observational learning. There are three players, arranged in sequence, each of whom wins a fixed price if she manages to guess the total number of coins lying in everybody's hands. Our evidence shows that, despite the remarkable frequency of equilibrium outcomes, deviations from optimal play are also significant. And when such deviations occur, we find that, for any given player position, the probability of a mistake is increasing in the probability of a mistake of her predecessors. This is what we call an error cascade, which we which we measure by way of two alternative models.
    Keywords: C92 ; D8 ; ddc:330 ; positional learning ; error cascades ; Spieltheorie ; Lernprozess ; Unvollkommene Information ; Statistischer Fehler ; Theorie
    Language: English
    Type: doc-type:workingPaper
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  • 7
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    Vienna: Institute for Advanced Studies (IHS)
    Publication Date: 2018-10-26
    Description: This paper analyses a new framework for decision-making in e-democracies that exploits the power of Internet based public knowledge, which is called briefly e-cognocracy. This is not a procedure to improve technical aspects using the Internet (e.g. e-voting); it is rather a procedure to add a new quality to the democratic system by using the network. This proposed system of e-cognocracy would allow those who are interested to solve highly complex problems by participatory decision-making. Furthermore, we suggest the multicriteria framework for the modelling and resolution of such complex problems. Similarly, using the analytic hierarchy process (AHP) approach, we propose decisional (analytic and informatic) tools for searching the knowledge - relevant for the decision-making process. This knowledge of patterns of behaviour, trends, opportunities, decisions and stylised facts will be the starting point of a consensus-reaching process, which is aimed to effectively solve problems of high complexity of the Internet society.
    Keywords: H10 ; ddc:330 ; e-democracy ; knowledge society ; e-cognocracy ; multicriteria ; AHP criterion ; consensus ; Wahl ; Abstimmungsregel ; Ökonomische Theorie der Demokratie ; Internet ; AHP-Verfahren
    Language: English
    Type: doc-type:workingPaper
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  • 8
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    Vienna: Institute for Advanced Studies (IHS)
    Publication Date: 2018-10-26
    Description: This paper develops a new approach for a political support system related to the integration of immigrants using e-governance. Through the Internet the participation of immigrants is possible in both societies, the original and the new one, and at the three different levels: local, regional and national. Using the Analytic Hierarchy Process (AHP), we discuss how to consider immigrants as e-citizens and, through a questionnaire, and we measure the relative importance of these attributes for party decision makers. The focus of this paper is less on technological aspects of e-decision making, or the diffusion of knowledge and e-learning; Rather on the new aspects as how to integrate immigrants in e-governance. The mission is to increase the society-oriented knowledge derived from participatory decision-making and to increase the background and the scope of the learning process that goes along with the modification of the initial preferences in the interactive political resolution process.
    Keywords: H10 ; ddc:330 ; e-cognocracy ; e-democracy ; e-citizen ; e-participation ; immigration ; knowledge society ; Einwanderung ; Soziale Integration ; Öffentliche Verwaltung ; Internet
    Language: English
    Type: doc-type:workingPaper
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  • 9
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    Bonn: Institute for the Study of Labor (IZA)
    Publication Date: 2018-11-15
    Description: We use a unique dataset to estimate the impact of a large credit supply shock on employment in Spain. We exploit marked differences in banks' health at the onset of the Great Recession. Several weak banks were rescued by the State and they reduced credit more than other banks. We compare employment changes from 2006 to 2010 at firms heavily indebted to weak banks before the crisis and the rest. Our estimates imply that these firms suffered an additional employment drop between 3 and 13.5 percentage points due to weak-bank attachment, representing between 8% and 36% of aggregate job losses.
    Keywords: D92 ; G33 ; J23 ; ddc:330 ; job losses ; Great Recession ; credit constraints
    Language: English
    Type: doc-type:workingPaper
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  • 10
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    Vigo: Academia Europea de Dirección y Economia de la Empresa (AEDEM)
    Publication Date: 2018-11-16
    Description: The present work represents an analysis of the different strengths and weaknesses that can be considered as key factors in making easier or more difficult the internationalisation process of the family firm. In one hand, based to the resources and capabilities theory, we show how family businesses can find enough reasons for its internationalisation if they consider that their competitive advantage could be based on some of them, specially those ones linked to intangible resources. On the other hand, we also explain others factors that can limit or facilitate the internationalisation process whose origin is the overlap of family and firm systems.
    Keywords: ddc:330 ; family business ; internationalization ; intangible resources
    Language: Spanish
    Type: doc-type:article
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