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Alesina, Alberto - 2003

product market, concerning in particular entry barriers, are negatively related to investment. The implications of our … analysis are clear: regulatory reforms, especially those that liberalize entry, are very likely to spur investment …

Persistent link: https://www.econbiz.de/10012469140

Income Distribution, Political Instability, and Investment

Alesina, Alberto - 1993

politico-economic environment, reduces investment. As a consequence, income inequality and investment are inversely related …. Since investment is a primary engine of growth, this paper identifies a channel for an inverse relationship between income … are investment and an index of socio-political instability. Our results are robust to sensitivity analysis on the …

Persistent link: https://www.econbiz.de/10012474459

Democracy, Technology, and Growth

Aghion, Philippe - 2007

We explore the question of how political institutions and particularly democracy affect economic growth. Although empirical evidence of a positive effect of democracy on economic performance in the aggregate is weak, we provide evidence that democracy influences productivity growth in different...

Persistent link: https://www.econbiz.de/10012465474

Ethnic Diversity and Economic Performance

Alesina, Alberto - 2004

We survey and assess the literature on the positive and negative effects of ethnic diversity on economic policies and outcomes. Our focus is on both focus both cities in developed countries (the US) and villages in developing countries. We also consider the endogenous formation of political...

Persistent link: https://www.econbiz.de/10012468381

Loss Aversion in Politics

Alesina, Alberto - 2015

We study loss aversion in majority voting. First, we show a status quo bias. Second, loss aversion implies a moderating effect. Third, in a dynamic setting, the effect of loss aversion diminishes with the length of the planning horizon of voters; however, in the presence of a projection bias,...

Persistent link: https://www.econbiz.de/10012457589

Redistributive Public Employment

Alesina, Alberto - 1998

Politicians may use disguised' redistributive policies in order to circumvent opposition to explicit tax-transfer schemes. First, we present a theoretical model that formalizes this hypothesis; then we provide evidence that in US cities, politicians use public employment as such a redistributive...

Persistent link: https://www.econbiz.de/10012472067

The Welfare State and Competitiveness

Alesina, Alberto - 1994

In all modern industrial countries, redistributive expenditures are a larger component of the government budget than consumption of goods and services. In this paper, we use a general equilibrium, two- country model with exportables, importables and nontradables to study redistribution across...

Persistent link: https://www.econbiz.de/10012474110

Political Instability and Economic Growth

Alesina, Alberto - 1992

This paper investigates the relationship between political instability and per capita GDP growth in a sample of 113 countries for the period 1950-1982. We define ?political instability? as the propensity of a government collapse, and we estimate a model in which political instability and...

Persistent link: https://www.econbiz.de/10012474795

Why are Stabilizations Delayed?

Alesina, Alberto - 1989

When a stabilization has significant distributional implications (as in the case of tax increases to eliminate a large budget deficit) different socio-economic groups will attempt to shift the burden of stabilization onto other groups. The process leading to a stabilization becomes a "war of...

Persistent link: https://www.econbiz.de/10012475993