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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

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

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

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

Fairness and Redistribution : U.S. versus Europe

Alesina, Alberto - 2003

Different beliefs about how fair social competition is and what determines income inequality, influence the redistributive policy chosen democratically in a society. But the composition of income in the first place depends on equilibrium tax policies. If a society believes that individual effort...

Persistent link: https://www.econbiz.de/10012469200

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