Showing 1 - 10 of 91
We estimate the effect of political regime transitions on growth with semi-parametric methods, combining difference in … parametric estimates may have seriously underestimated the growth effects of democracy. In particular, we find an average … negative effect on growth of leaving democracy on the order of −2 percentage points implying effects on income per capita as …
Persistent link: https://www.econbiz.de/10005181259
Rain affects electoral turnout both through a direct effect on the cost of voting and by changing the opportunity cost. In a panel of Norwegian municipalities I find that rain on Election Day increases turnout. As turnout affects electoral outcomes, rain provides an exogeneous source of...
Persistent link: https://www.econbiz.de/10010877735
examine the development of four broad expenditure categories for the period 1970-2001: capital expenditures; expenditures for …
Persistent link: https://www.econbiz.de/10005766280
After having been ignored for a long time by economists, happiness is becoming an object of serious research in 21st century economics. In Section 2 we sketch the present status of happiness economics. In Section 3 we consider the practical applicability of happiness economics, retaining the...
Persistent link: https://www.econbiz.de/10005181318
Motivated by the process of economic development in Eastern Germany since the German reunification we set up a dynamic … resulting equilibrium dynamics, implying that economic confidence may be crucial for the process of economic development …
Persistent link: https://www.econbiz.de/10008671695
Beyond years of schooling, educational content can play an important role in the process of economic development …
Persistent link: https://www.econbiz.de/10010643339
possible problems with overreaction to public information. Furthermore, we suggest a new focus for development policy. …
Persistent link: https://www.econbiz.de/10005094193
I argue that whether or not a state is "predatory" hinges on the relationship between development and the distribution … of political power in society. Development is typically inconsistent with the preservation of the political status quo …
Persistent link: https://www.econbiz.de/10005094304
In transition and developing countries, we observe rather high levels of corruption even if they have democratic political systems. This is surprising from a political economy perspective, as the majority of people generally suffers from high corruption levels. Our model is based on the fact...
Persistent link: https://www.econbiz.de/10005181428
With efforts across the industrial countries to increase the amount of foreign aid mounting, it is important to understand its determinants. This paper examines the factors affecting the support for foreign aid among voters in donor countries. A simple theoretical model, which considers an...
Persistent link: https://www.econbiz.de/10005181565