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Ghana; Economic Development in a Democratic Environment

Harnack, Joachim; Leite, Sérgio Pereira.; Fabrizio, … - International Monetary Fund (IMF) - 2000

Persistent link: https://www.econbiz.de/10005767349

Cooption and Repression in the Soviet Union

Grossman, Hershel I.; Gershenson, Dmitry - International Monetary Fund (IMF) - 2000

The Soviet ruling elite, the nomenklatura, used both cooption and political repression to encourage loyalty to the communist regime. Loyalty was critical both in defusing internal opposition to the rule of the nomenklatura and in either deterring or defeating foreign enemies of the Soviet Union....

Persistent link: https://www.econbiz.de/10005826277

Papua New Guinea; Selected Issues Paper and Statistical Appendix

International Monetary Fund (IMF); International … - 2007

This paper examines and tests the existence of political budget cycles in Papua New Guinea during the period 1988â€“2004. Several factors point to the existence of political budget cycles in Papua New Guinea. The paper provides an overview of the political business cycle literature, and...

Persistent link: https://www.econbiz.de/10011245020

Ethnic Diversity, Democracy, and Corruption

Yehoue, Etienne B. - International Monetary Fund (IMF) - 2007

I study the link between ethnic diversity, democracy, and corruption. In a static model, I show that contrary to … conventional wisdom, corruption might emerge as a negative externality of democracy. This occurs through ethnicity, which appears … technology of extraction operates only at the early stage of democracy. Its impact tends to phase out as democracy matures. In …

Persistent link: https://www.econbiz.de/10005248127

Corruption, Competition, and Contracts; A Model of Vote Buying

Vardy, Felix J. J.; Morgan, John - International Monetary Fund (IMF) - 2006

In the presence of competing interest groups, this paper examines how the form of votebuying contracts affects policy outcomes. We study contracts contingent upon individual votes, policy outcomes, and/or vote shares. Voters either care about their individual votes, or about the policy outcome....

Persistent link: https://www.econbiz.de/10005248248

Colonial Origins, Institutions and Economic Performance in the Caribbean; Guyana and Barbados

DaCosta, Michael - International Monetary Fund (IMF) - 2007

The countries that were once British colonies in the Caribbean share a common language and a colonial history of slavery, dominance of a plantation-based sugar industry, and broadly similar government and administrative traditions. Following independence in the late-1960s economic strategies and...

Persistent link: https://www.econbiz.de/10005263739

Money-Based Versus Exchange-Rate-Based Stabilization; Is there Space for Political Opportunism?

Aisen, Ari - International Monetary Fund (IMF) - 2004

a consumption bust followed by a recovery, policymakers may consider the timing of elections when determining the … nominal anchor for stabilization. This paper finds strong evidence that the choice of nominal anchor depends on elections …, implying the existence of political opportunism. ERBS are, on average, launched before elections while MBS are set after them. …

Persistent link: https://www.econbiz.de/10005263919

Votingon the "Optimal" Size of Government

Olters, Jan-Peter - International Monetary Fund (IMF) - 2000

Viewing fiscal policies as the outcome of democratically resolved conflicts of households over public goods and taxes, the “economic model of politics” proposes a public choice approach, which does not rely on social welfare functions. With it, a country’s overall budget can be derived...

Persistent link: https://www.econbiz.de/10005264039

Electoral System and Public Spending

Perotti, Roberto; Rostagno, Massimo V.; … - International Monetary Fund (IMF) - 2001

We study the effects of electoral institutions on the size and composition of public expenditure in OECD and Latin American countries. We present a model emphasizing the distinction between purchases of goods and services, which are easier to target geographically, and transfers, which are...

Persistent link: https://www.econbiz.de/10005264182

The Discipline-Enhancing Role of Fiscal Institutions; Theory and Empirical Evidence

Debrun, Xavier; Kumar, Manmohan S. - International Monetary Fund (IMF) - 2007

This paper discusses the role of fiscal institutions, including budget rules and non-partisan agencies, in enhancing fiscal discipline. A dynamic model of fiscal policy shows that optimal institutions lack credibility unless the costs to bypass them are sufficiently high. In our model, a...

Persistent link: https://www.econbiz.de/10005825631