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Financial liberalization and democracy: The role of reform reversals

Campos, Nauro F; Coricelli, Fabrizio - C.E.P.R. Discussion Papers - 2009

The relationship between economic and political liberalization has received a great deal of attention lately, yet the possibility of a non-linear relationship and the role of reversals remain largely neglected. Focusing on democratization and financial reform, this paper offers evidence for a...

Persistent link: https://www.econbiz.de/10004964420

Unemployment and Right-wing Extremist Crime

Falk, Armin; Kuhn, Andreas; Zweimüller, Josef - C.E.P.R. Discussion Papers - 2009

It is frequently argued that unemployment plays a crucial role for the occurrence of right-wing extremist crimes. We … unemployment is high. The big difference in right-wing crime between East and West German states can mostly be attributed to … differences in unemployment. This finding reinforces the importance of unemployment as an explanatory factor for right-wing crime …

Persistent link: https://www.econbiz.de/10008528521

Unemployment and Right-Wing Extremist Crime

Falk, Armin; Zweimüller, Josef - C.E.P.R. Discussion Papers - 2005

Right-wing extremism is a serious problem in many societies. A prominent hypothesis states that unemployment plays a … significant positive relation between unemployment and right-wing criminal activities. We show further that the big difference in … right-wing crime between East and West German states can mostly be attributed to differences in unemployment. This finding …

Persistent link: https://www.econbiz.de/10005281394

So Closed: Political Selection in Proportional Systems

Galasso, Vincenzo; Nannicini, Tommaso - C.E.P.R. Discussion Papers - 2015

We analyze political selection in a closed list proportional system where parties have strong gate-keeping power, which they use as an instrument to pursue votes. Parties face a trade-off between selecting loyal candidates or experts, who are highly valued by the voters and thus increase the...

Persistent link: https://www.econbiz.de/10011213305

Social Mobility and the Demand for Redistribution: the POUM Hypothesis

Bénabou, Roland; Ok, Efe A - C.E.P.R. Discussion Papers - 1998

Even relatively poor people oppose high rates of redistribution because of the anticipation that they, or their children, may move up the income ladder. This ‘Prospect of Upward Mobility’ (POUM) hypothesis is commonly advanced to explain why democracies do not engage in large-scale...

Persistent link: https://www.econbiz.de/10005662178

Ideology

Bénabou, Roland - C.E.P.R. Discussion Papers - 2008

I develop a model of ideologies as collectively sustained (yet individually rational) distortions in beliefs concerning the proper scope of governments versus markets. In processing and interpreting signals of the efficacy of public and market provision of education, health insurance, pensions,...

Persistent link: https://www.econbiz.de/10005662410

Democratization or Repression?

Acemoglu, Daron; Robinson, James A - C.E.P.R. Discussion Papers - 1999

Regimes controlled by a rich elite often collapse and make way for democracy amidst widespread social unrest. Such regime changes are often followed by redistribution to the poor at the expense of the former elite. We argue that the reason why the elite may have to resort to full-scale...

Persistent link: https://www.econbiz.de/10005666486

Lobbying, Corruption and Political Influence

Campos, Nauro F; Giovannoni, Francesco - C.E.P.R. Discussion Papers - 2006

Conventional wisdom suggests that lobbying is the preferred mean for exerting political influence in rich countries and corruption the preferred one in poor countries. Analyses of their joint effects are understandably rare. This paper provides a theoretical framework that focus on the...

Persistent link: https://www.econbiz.de/10005792187

Fiscal Centralization and the Political Process

Albornoz-Crespo, Facundo; Cabrales, Antonio - C.E.P.R. Discussion Papers - 2010

We study the dynamic support for fiscal decentralization in a political agency model from the perspective of a region. We show that corruption opportunities are lower under centralization at each period of time. However, centralization makes more difficult for citizens to detect corrupt...

Persistent link: https://www.econbiz.de/10008468714

Capital Redistribution and the Market Allocation of Firm-Ownership

Grüner, Hans Peter; Schils, Ruediger - C.E.P.R. Discussion Papers - 2002

This Paper studies the relationship between political wealth redistribution and the allocation of firm-ownership when production requires an unobservable input. The economy's wealth distribution affects the equilibrium interest rate and the allocation of entrepreneurial rents because wealth...

Persistent link: https://www.econbiz.de/10005123568

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