A new discussion paper by Anirban Mitra, Shabana Mitra and Arnab Mukherji, KDPE 1711, June 2017.
Campaigning in elections is costly. In countries without public funding of election campaigns, such financing necessarily relies on donations by private corporations and individuals. If, furthermore, such donations are subject to restrictive legal limits – which is often the case in several developing nations – then it suggests that election campaigns must be frugal. However, in reality elections in such contexts are rarely low-key: there exists ample anecdotal evidence of voters being bribed with cash or actual consumption goods prior to elections.
A new discussion paper by Alexander Klein and Jelle van Lottum, KDPE 1710, June 2017.
Migration was a common feature of pre-industrial societies. Because the vast majority of migrations took place within the confines of a country, a province or even a parish, in most cases such moves occurred over relatively short distances. However, long-distance migrations, involving moves of hundreds of kilometres or more, often of individuals entering foreign territories, were hardly rare (Page Moch 2003; Manning 2005; Van Lottum 2007; Bade et al. 2013). Recent estimates show that international mobility levels increased strongly after the medieval period, peaking in the late seventeenth century.
A new discussion paper by Adina Ardelean, Miguel León-Ledesma and Laura Puzzello, KDPE 1709, June 2017.
In modern theories of economic fluctuations, shocks that drive macroeconomic uncertainty are transformed into business cycles through a propagation mechanism. One such propagation mechanism can be inter-industry linkages: volatility at the industry level can translate into aggregate macroeconomic volatility. For this reason, understanding the sources of risk at the industry level is important. This is even more important in open economies, where industries are exposed to shocks arising in industries located in other countries.
A new discussion paper by Tamás Vonyó and Alexander Klein, KDPE 1708, April 2017.
The role of institutions features prominently in comparative studies of economic development. Eastern Europe after 1945 provides a textbook case, where relative decline in income per head and productivity has been linked to institutional failure. The inefficiency of central planning compared to the market economy is well established both theoretically and empirically. The socialist system, it has been argued, was relatively successful in mobilizing resources but stifled innovation and entrepreneurship. Planned economies thus achieved ‘a satisfactory productivity performance in the era of mass production, but could not adapt to the requirements of flexible production technology’ (Broadberry and Klein 2011, p. 37).
A new discussion paper by Raquel Campos, Fernanda L. L. de Leon and Ben McQuillin, KDPE 1707, April 2017.
When an academic participates in a large conference, her likelihood of subsequently writing a paper with at least one participant at the conference increases by one-sixth (close to 18%). Moreover, it seems that conferences improve the quality of matching among co-authors, leading to papers that are published in higher-ranked journals.