Publications des institutions partenaires
Dyadic Value Distance: Determinants and Consequences
This paper establishes a measure of bilateral differences in values using 857 questions from the World Values Survey. We explore the determinants of value distance, linking it to geography as well as the historical relatedness of populations across 90 countries. Furthermore, we explore the explanatory power of value distance for the diffusion of technological development.
Institution partenaire
English / 27/10/2017
A note on the economics of philanthropy
This note starts with a short review of the economic literature on philanthropy. Next, it provides some estimates of philanthropic giving in advanced and middle-income economies and discusses how innovative financial instruments can leverage charitable giving. The note concludes with a discussion of the controversial aspects of philanthropic activities.
Institution partenaire
Institut de hautes études internationales et du développement
Français, English / 09/10/2017
Public good provision in Indian rural areas: the returns to collective action by microfinance groups
Self-help groups (SHGs) are the most common form of microfinance in India. We provide evidence that SHGs, composed of women only, undertake collective actions for the provision of public goods. Using a theoretical model, we show that an elected official, whose aim is to maximise re-election chances, would exert higher effort in providing public goods when private citizens undertake…
Institution partenaire
Institut de hautes études internationales et du développement
Français, English / 06/10/2017
Identities and public policies: unintended effects of political reservations for women in India
Identity is an important determinant of economic behavior. A limitation of the existing literature is the focus on one identity dimension at a time. We show that the multiplicity of identity dimensions matters for economic behavior and that neglecting it may lead policy makers to overlook important, unintended effects of economic policies. We exploit the randomized nature of…
Institution partenaire
Institut de hautes études internationales et du développement
/ 03/10/2017
The cyclicality of international public sector borrowing in developing countries: does the lender matter?
The paper shows that international government borrowing from multilateral development banks is countercyclical while international government borrowing form private sector lenders is procyclical. The countercyclicality of official lending is mostly driven by the behavior of the World Bank (borrowing from regional development banks tends to be acyclical). The paper also shows that…
Institution partenaire
Institut de hautes études internationales et du développement
/ 03/10/2017
Exchange rate elasticity of exports and the role of institutions
The impact of institutional quality on the exchange rate-export relation is assessed in a panel of 33 countries and quarterly time period of 1991Q1 - 2016Q3. Empirical estimation is conducted in 2 steps. As a first step, using panel DOLS, FMOLS and PMG estimation techniques, it is confirmed that a negative and significant relation between exchange rates and exports exists. The…
Institution partenaire
Institut de hautes études internationales et du développement
/ 03/10/2017
Why is there so little litigation under free trade agreements?: retaliation and adjudication in international dispute settlement
Over the past decade, the WTO dispute settlement system has continued to be used extensively, contrasting with the very few disputes taken to inter-state adjudication under FTAs. This paper discusses the causes of this discrepancy, arguing that, besides specific procedural difficulties, it may be explained by a more structural difference between adjudication in a multilateral and in…
Institution partenaire
Institut de hautes études internationales et du développement
/ 03/10/2017
A reappraisal of state-owned banks
We revisit the public banks debate, survey the theoretical arguments and test the robustness (and expand) the existing empirical evidence. While we find some support for the view that public banks do not allocate credit optimally, we also report indicative evidence that they exert a positive influence on private bank efficiency, and may contribute to reduce credit procyclicality.…
Institution partenaire
Institut de hautes études internationales et du développement
Français, English / 03/10/2017
Career dynamics and gender gaps among employees in the microfinance sector
While microfinance institutions (MFIs) are increasingly important as employers in the developing world, there is little micro-level evidence on gender differences among MFI employees and MFIs' relation to economic development. We use a unique panel dataset of employees from Latin America's largest MFI to show that gender gaps favouring men for promotion exist primarily in…
Institution partenaire
Institut de hautes études internationales et du développement
/ 18/08/2017
Conditional FAVAR and scenario analysis for a large data: case of Tunisia
The aim of this paper is to compute the conditional forecasts of a set of variables of interest on future paths of some variables in dynamic systems. We build a large dynamic factor models for a quarterly data set of 30 macroeconomic and financial indicators. Results of forecasting suggest that conditional FAVAR models which incorporate more economic information outperform the…
Institution partenaire
Institut de hautes études internationales et du développement
/ 18/08/2017
Text-as-data analysis of preferential trade agreements: mapping the PTA landscape
Preferential trade agreements (PTAs) form an intricate web that connects countries across the globe. In this article, we introduce a PTA text corpus and research tools for its finegrained, automated analysis. Recent computational advances allow for efficient and effective content analysis by treating text as data. We digitize PTA texts and use textual similarity tools to assess PTA…
Institution partenaire
Institut de hautes études internationales et du développement
/ 14/08/2017
Factor models for non-stationary series: estimates of monthly U.S. GDP
This paper presents a novel dynamic factor model for non-stationary data. We begin by constructing a simple dynamic stochastic general equi- librium growth model and show that we can represent and estimate the model using a simple linear-Gaussian (Kalman) filter. Crucially, consistent estimation does not require differencing the data despite it being cointe- grated of order 1. We…
Institution partenaire
Institut de hautes études internationales et du développement
/ 06/07/2017
Investor Attention and Sentiment: Risk or Anomaly?
Are stocks' varying sensitivies to changing investor attention and sentiment priced? Employing internet search-based proxies for both, I find novel results that are consistent with theory. Stocks that co-vary negatively with increased investor attention to the stock market outperform in the following months in a behavior consistent with a risk premium. The pricing of co-…
Institution partenaire
English / 01/07/2017
The Return of the Leviathan: Public Policy and Evoluting Corporate Strategy�
Institution partenaire
/ 01/07/2017
Will Awe Trump Rules? The 21st GTA Report
Not since the London Summit of in April 2009 has protectionism had such a high profile in the run-up to a G20 Leader’s Summit. President Trump’s America First policies have drawn sharp criticism from leaders of other G20 governments. Accusations and counter-accusations of unfair trading practices have become a regular occurrence. So as to shed light on competing claims, this Global…
Institution partenaire
English / 01/07/2017
The Return of the Leviathan: Public Policy and Evoluting Corporate Strategy
Institution partenaire
/ 01/07/2017
Scotland and Northern Ireland caught between Brexit, international and EU law: why a custom barrier within the British Isles might be unavoidable
The aim of the paper is to foresee the constitutional and international status of Scotland and Northern Ireland following the triggering of the art. 50 Treaty of the European Union's (TEU) mechanism by the British Government, with a special focus on the possible termination of the free movement of goods within the British Isles.
Institution partenaire
Institut de hautes études internationales et du développement
/ 26/06/2017
Domestic value chains as stepping stones to global value chain integration
We analyze the role of Domestic Value Chains (DVCs) for Global Value Chain (GVC) integration. In the presence of industry specific fixed costs of fragmenting production and of switching across input suppliers, DVCs can either be stepping stones or stumbling blocks for GVCs. Focusing on backward linkages, that is the sourcing of intermediates, we provide robust empirical evidence in…
Institution partenaire
Institut de hautes études internationales et du développement
/ 26/06/2017
Free-riding on enforcement in the WTO
Countries can challenge potential trade violations using the WTO's dispute settlement system, yet many policies that appear to violate WTO rules remain unchallenged, even when they have a significant economic impact. Why is this? We argue that the likelihood that a country challenges a protectionist policy is linked to how concentrated or diffuse the policy is. When a policy is…
Institution partenaire
Institut de hautes études internationales et du développement
/ 26/06/2017
Non-linearities in the relationship between finance and growth
This paper reviews the empirical literature on the links between finance and growth with a special focus on the empirical literature that has shown that the marginal contribution of financial depth to economic growth becomes negative in countries with large financial sectors (the "too much finance result"). It then assesses the empirical and theoretical validity of recent…
Institution partenaire
Institut de hautes études internationales et du développement
/ 08/06/2017
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