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Essays On Foreign Aid, Government Spending And Tax Effort, Leanora A. Brown
Essays On Foreign Aid, Government Spending And Tax Effort, Leanora A. Brown
Economics Dissertations
This dissertation comprises two essays that attempt to determine, empirically, the fiscal response of governments’ to international assistance. The first essay examines whether an increasingly popular recommendation in international aid policy to switch from tied foreign assistance to untied foreign assistance affects investment in critical development expenditure sectors by developing countries. In the past, most international aid has been in the form of tied assistance as donors believed that tying aid will improve its effectiveness. It has been argued, that if tied aid is well designed and effectively managed then its overall effectiveness can be improved. On the contrary, it …
The Difficult Decision To Devalue A Currency, Menna Bizuneh
The Difficult Decision To Devalue A Currency, Menna Bizuneh
Economics Dissertations
The switch from a fixed exchange rate regime to a flexible exchange rate regime seldom goes smoothly. A major reason why devaluations are so disruptive is that countries are reluctant to abandon their fixed exchange rate regimes. This “reluctance to devalue” phenomenon is one of the puzzles in international finance. This dissertation makes towards understanding this “reluctance to devalue”. First, I investigate the factors that may influence the probability of a switch from a fixed to a flexible exchange rate regime using survival models. I find that pegs have non-monotonic duration dependence. Moreover, I find that GDP growth strongly influences …
Essays On Uncertainty In Public Economics And Cooperative Bargaining, Omer F. Baris
Essays On Uncertainty In Public Economics And Cooperative Bargaining, Omer F. Baris
Economics Dissertations
This dissertation consists of two parts. The theme connecting the two parts is the role of uncertainty.
The first part focuses on the role of uncertainty in cooperative bargaining and public decision making. I provide an axiomatic characterization of the normalized utilitarian solution to bargaining problems involving uncertainty. In addition to three basic axioms that are common in the bargaining literature, I propose the axiom of weak linearity to characterize the solution.
In the second part I study uncertainty in non-cooperative games by designing a principal agent model of public bailouts. The first essay in this part sets up the …