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Political Connections, Allocation of Stimulus Spending, and the Jobs Multiplier
Choi, Joonkyu; Penciakova, Veronika; Saffie, Felipe - National Bureau of Economic Research - 2024
We study the role of firms' political influence on the effectiveness of government spending using ARRA as a laboratory. Through an IV approach, we show that a 10 percentage points increase in the share of politically connected spending lowers the job creation effect of stimulus by 33 percent at...
Persistent link: https://www.econbiz.de/10014576603
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Political Economics and Public Finance
Persson, Torsten - 1999
political mechanisms: we study legislative bargaining, lobbying, and electoral competition, as well as the possible interactions …
Persistent link: https://www.econbiz.de/10012471701
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A Political-Economy Theory of Trade Agreements
Maggi, Giovanni - 2005
This paper presents a theory of trade agreements where "politics" play an central role. This stands in contrast with … the standard theory, where even politically-motivated governments sign trade agreements only to deal with terms …
Persistent link: https://www.econbiz.de/10012466956
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Judicial Lobbying : The Politics of Labor Law Constitutional Interpretation
Iaryczower, Matias - 2005
This paper links the theory of interest groups influence over the legislature with that of congressional control over … the judiciary. The resulting framework reconciles the theoretical literature of lobbying with the negative available … evidence on the impact of lobbying over legislative outcomes, and sheds light to the determinants of lobbying in separation …
Persistent link: https://www.econbiz.de/10012467366
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Is Trade Policy for Sale? Congressional Voting on Recent Trade Bills
Baldwin, Robert E. - 1998
This paper examines voting by members of Congress on three trade bills introduced in 1993 and 1994: the North American Free Trade Agreement (NAFTA), the agreements concluded in the Uruguay Round of multilateral trade negotiations (GATT), and most-favored nation status for China. We first review...
Persistent link: https://www.econbiz.de/10012472442
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A Model of Endogenous Fiscal Deficits and Delayed Fiscal Reforms
Velasco, Andres - 1997
This paper develops a political-economic model of fiscal policy one in which" government resources are a common property' out of which interest groups can finance" expenditures on their preferred items. This setup has striking macroeconomic implications. " First, fiscal deficits and debt...
Persistent link: https://www.econbiz.de/10012472479
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Debts and Deficits with Fragmented Fiscal Policymaking
Velasco, Andres - 1997
This paper develops a political-economic model of fiscal policy - one in which government resources are a common property' out of which interest groups can finance expenditures on their preferred items. This setup has striking macroeconomic implications. Transfers are higher than a benevolent...
Persistent link: https://www.econbiz.de/10012472527
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The Political Economy of Ideas : On Ideas Versus Interests in Policymaking
Mukand, Sharun - 2018
We develop a conceptual framework to highlight the role of ideas as a catalyst for policy and institutional change. We make an explicit distinction between ideas and vested interests and show how they feed into each other. In doing so the paper integrates the Keynes-Hayek perspective on the...
Persistent link: https://www.econbiz.de/10012453247
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Economic Incentives and Political Institutions : Spending and Voting in School Budget Agenda
Romer, Thomas - 1987
Allocation of resources in the local public sector involves economic and political forces. Spending for elementary and secondary education is a major area of public expenditure. In many states, the bulk of this spending is subject to referendum. In addition, grants-in-aid from state governments...
Persistent link: https://www.econbiz.de/10012476662
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How Does the Government (Want to) Fund Science? Politics, Lobbying and Academic Earmarks
de Figueiredo, John M. - 2007
review of the evidence on the supply of earmarks by legislators. It then discusses the role of university lobbying for …
Persistent link: https://www.econbiz.de/10012465189