Asatryan, Zareh; Baskaran, Thushyanthan; Birkholz, Carlo; … - 2021
We study the economic implications of regional favoritism, a form of distributive politics that redistributes resources …, and utilize transitions of national political leaders for identification. We document strong evidence of regional … favoritism among firms located in close vicinity to leader's birthplaces but not in other regions, nor in home regions before …