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Does polarization of opinions lead to polarization of platforms? the case of correlation neglect

Levy, Gilat; Razin, Ronny - C.E.P.R. Discussion Papers - 2015

In this paper we question the common wisdom that more polarized voters’ opinions imply larger policy polarization. We analyze a voting model in which the source of the polarization in voters’ opinions is “correlation neglect”, that is, voters neglect the correlation in their information...

Persistent link: https://www.econbiz.de/10011165657

Public Opinion on Immigration: Has the Recession Changed Minds?

Hatton, Timothy J. - C.E.P.R. Discussion Papers - 2014

It is widely believed that the current recession has soured public attitudes towards immigration. But most existing studies are cross sectional and can shed little light on the economy-wide forces that shift public opinion on immigration. In this paper I use the six rounds of the European Social...

Persistent link: https://www.econbiz.de/10011083671

Public Debate and Stock Prices: Evidence from the Voting Premium

Braggion, Fabio; Giannetti, Mariassunta - C.E.P.R. Discussion Papers - 2013

An intense debate on the use of limited-voting shares developed in the UK during the 1950s. Using a unique hand-collected dataset, we show that negative news coverage of limited-voting shares is associated with an increase in the relative price of voting and limited-voting shares (the voting...

Persistent link: https://www.econbiz.de/10011084453

The Politics of Free Trade Agreements

Grossman, Gene; Helpman, Elhanan - C.E.P.R. Discussion Papers - 1994

Suppose that an opportunity arises for two countries to negotiate a free trade agreement (FTA). Will an FTA between these countries be politically viable? If so, what form will it take? We address these questions using a political economy framework that emphasizes the interaction between...

Persistent link: https://www.econbiz.de/10005497994

Distributional Impact of Commodity Price Shocks: Australia over a Century

Bhattacharyya, Sambit; Williamson, Jeffrey G - C.E.P.R. Discussion Papers - 2013

. Using a GARCH model, we find that Australia experienced more volatility than many commodity exporting poor countries between …

Persistent link: https://www.econbiz.de/10011084231

Happiness and the Human Development Index: Australia is NOT a Paradox

Leigh, Andrew; Wolfers, Justin - C.E.P.R. Discussion Papers - 2006

In 'Happiness and the Human Development Index: The Paradox of Australia,' Blanchflower and Oswald (2005) observe an … apparent puzzle: they claim that Australia ranks highly in the Human Development Index (HDI), but relatively poorly in … happiness. However, when we compare their happiness data with the HDI, Australia appears happier, not sadder, than its HDI score …

Persistent link: https://www.econbiz.de/10005136466

Reform Without Losers: An Interpretation of China's Dual-Track Approach to Transition

Lau, Lawrence J; Qian, Yingyi; Roland, Gérard - C.E.P.R. Discussion Papers - 1998

worked in product and labour markets in China’s economic reform in practice. …

Persistent link: https://www.econbiz.de/10005504255

One Third of the World's Growth and Inequality

Quah, Danny - C.E.P.R. Discussion Papers - 2002

This Paper studies growth and inequality in China and India – two economies that account for a third of the world … countries. For personal income inequalities in a China-India universe, the forces assuming first-order importance are …

Persistent link: https://www.econbiz.de/10005498030

The Limits of Career Concerns in Federalism: Evidence from China

Persson, Petra; Zhuravskaya, Ekaterina - C.E.P.R. Discussion Papers - 2015

Performance-based promotion schemes in administrative hierarchies have limitations. Chinese provincial leaders, despite facing strong career concerns, make different policy decisions depending on their career backgrounds. Provincial party secretaries who rose from low to high positions within...

Persistent link: https://www.econbiz.de/10011165652

A DSGE Model of China

Dai, Li; Minford, Patrick; Zhou, Peng - C.E.P.R. Discussion Papers - 2014

We use available methods for testing macro models to evaluate a model of China over the period from Deng Xiaoping …

Persistent link: https://www.econbiz.de/10011083573