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Lobbying competition over trade policy
Gawande, Kishore; Krishna, Pravin; Olarreaga, Marcelo - C.E.P.R. Discussion Papers - 2009
Competition between opposing lobbies is an important factor in the endogenous determination of trade policy. This paper investigates empirically the consequences of lobbying competition between upstream and downstream producers for trade policy. The theoretical structure underlying the empirical...
Persistent link: https://www.econbiz.de/10004991547
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Political Activism, Trust, and Coordination
Battaglini, Marco; Bénabou, Roland - C.E.P.R. Discussion Papers - 2002
We study political activism by several agents (lobbyists, unions, etc.) who have private but imperfect policy-relevant signals, and seek to influence the decisions of a policy maker. When agents can share information and coordinate their actions, the equilibrium is shown to be equivalent to that...
Persistent link: https://www.econbiz.de/10005792452
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From individual attitudes towards migrants to migration policy outcomes: Theory and evidence
Facchini, Giovanni; Mayda, Anna Maria - C.E.P.R. Discussion Papers - 2008
In democratic societies individual attitudes of voters represent the foundations of policy making. We start by analyzing patterns in public opinion on migration and find that, across countries of different income levels, only a small minority of voters favour more open migration policies. Next...
Persistent link: https://www.econbiz.de/10005124434
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Do Interest Groups Affect US Immigration Policy?
Facchini, Giovanni; Mayda, Anna Maria; Mishra, Prachi - C.E.P.R. Discussion Papers - 2008
While anecdotal evidence suggests that interest groups play a key role in shaping immigration policy, there is no systematic empirical analysis of this issue. In this paper, we construct an industry-level dataset for the United States, by combining information on the number of temporary work...
Persistent link: https://www.econbiz.de/10005661629
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Does the Fed Respond to Oil Price Shocks?
Kilian, Lutz; Lewis, Logan - C.E.P.R. Discussion Papers - 2009
responses to the inflation triggered by oil price shocks are an important source of aggregate fluctuations in the U.S. economy …. We show that there is no evidence of systematic monetary policy responses to oil price shocks after 1987 and that this … VAR models, the Federal Reserve was not responding to the inflation triggered by oil price shocks, as commonly presumed …
Persistent link: https://www.econbiz.de/10008458291
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Energy Policy Issues after Privatisation
Newbery, David M G - C.E.P.R. Discussion Papers - 1986
the 1973 oil shock, and the lessons learned from subsequent experience, both in terms of the issues which were thought to …
Persistent link: https://www.econbiz.de/10005666940
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Do Oil Windfalls Improve Living Standards? Evidence from Brazil
Caselli, Francesco; Michaels, Guy - C.E.P.R. Discussion Papers - 2009
We use variation in oil output among Brazilian municipalities to investigate the effects of resource windfalls. We find … muted effects of oil through market channels: offshore oil has no effect on municipal non-oil GDP or its composition, while … onshore oil has only modest effects on non-oil GDP composition. However, oil abundance causes municipal revenues and reported …
Persistent link: https://www.econbiz.de/10008509470
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Is Political Risk Company-Specific? The Market Side of the Yukos Affair
Goriaev, Alexei P.; Sonin, Konstantin - C.E.P.R. Discussion Papers - 2005
The Yukos affair, a high-profile story of the state-led assault on a private Russian company, provides an excellent opportunity for an inquiry into the nature of company-specific political risks in emerging markets. News associated primarily with law enforcement agencies’ actions against...
Persistent link: https://www.econbiz.de/10005281313
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The Geography of Inter-State Resource Wars
Caselli, Francesco; Morelli, Massimo; Rohner, Dominic - C.E.P.R. Discussion Papers - 2013
analysis shows that the presence and location of oil are significant and quantitatively important predictors of inter …
Persistent link: https://www.econbiz.de/10011083646
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The Elephant in the Ground: Managing Oil and Sovereign Wealth
Van Den Bremer, Ton; van der Ploeg, Frederick; Wills, Samuel - C.E.P.R. Discussion Papers - 2014
Oil exporters typically do not consider below-ground assets when allocating their sovereign wealth fund portfolios, and … ignore above-ground assets when extracting oil. We present a unified framework for considering both. Subsoil oil should alter … any unhedged volatility must be managed by precautionary savings. If oil prices are pro-cyclical, oil should be extracted …
Persistent link: https://www.econbiz.de/10011084308