Essays in Empirical Economics
The first chapter investigates the theoretical and empirical effects of increased law enforcement on the equilibrium level of bribes for the case of Albania during the period of 2005-2010. It centers on "harassment" bribes, which consist of payments for public services that by law should be free. I model bribery behavior as a negotiation process between public officials and consumers. Recent policy changes in Albania offer a good natural experiment to test this empirically. I examine how the 2007 fine increase for corrupt behavior impacts bribery. Using a difference in difference methodology that compares safe left and right-governed districts, I find that a 10 percent increase in enforcement leads to a 4.38 percent drop in bribery frequency.The second chapter assesses short and medium term impacts of sovereign, banking and currency crises on sectoral value added output for a large group of countries. Sectoral data is combined to represent the industrial, agricultural and service sectors. The effects of crises on sectoral value added growth are negative and vary between 4-16 percent of sectoral output growth. The industrial sector seems to be affected more by banking crises, suggesting that industry is more dependent on finance than the other sectors, while the service sector is affected more severely by debt crises. Employment drops in agriculture are more severe and last longer as compared to services and industry.The third chapter studies soccer schedules which have recently been established based on broadcasting criteria, international FIFA dates and European cups. However, the order in which teams play during the season, relative to their direct opponent, can generate an unfair advantage and ultimately determine the outcome of championships. This paper estimates the effect of team schedules on game results for the Scottish Premiership, the German Bundesliga and the Spanish Liga BBVA. We use a matching methodology (selection on observables) to control for usual game characteristics. Results show that if a team records a win (loss) on an earlier match, then its direct competitor collects an average of 0.49 (1.08) fewer (additional) points as long as league contenders are within three points of each other.
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Phillips, David Cameron (Georgetown University, 2012)This dissertation contains three essays in empirical microeconomics aimed at measuring the causal effects of policies related to poverty both in the U.S. and internationally. First, I examine the whether raising wages at ...
Georgiev, Yordan Georgiev (Georgetown University, 2015)The first chapter uses an event-study approach to analyze the impact of ECB's monetary policy decisions on the interbank money markets in countries maintaining a currency board with the euro. It compares the reaction of ...