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African Political Institutions and the Impact of Colonialism
Bolt, Jutta; Gardner, Leigh; Kohler, Jennifer; Paine, Jack - National Bureau of Economic Research - 2022
Conventional wisdom proposes deep historical roots for authoritarianism in Africa: either colonial "decentralized despotism" or enduring structural features. We present a new theoretical perspective. Africans sought autonomous local communities, which constrained precolonial rulers. Colonizers...
Persistent link: https://www.econbiz.de/10013435144
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A Theory of Fiscal Responsibility and Irresponsibility
Halac, Marina; Yared, Pierre - National Bureau of Economic Research - 2022
We propose a political economy mechanism that explains the presence of fiscal regimes punctuated by crisis periods. Our model focuses on the interaction between successive deficit-biased governments subject to i.i.d. fiscal shocks. We show that the economy transitions between a fiscally...
Persistent link: https://www.econbiz.de/10013435163
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Was Pandemic Fiscal Relief Effective Fiscal Stimulus? Evidence from Aid to State and Local Governments
Clemens, Jeffrey; Hoxie, Philip G.; Veuger, Stan - National Bureau of Economic Research - 2022
We use an instrumental-variables estimator reliant on variation in congressional representation to analyze the effects of federal aid to state and local governments across all four major pieces of COVID-19 response legislation. Through September 2021, we estimate that the federal government...
Persistent link: https://www.econbiz.de/10013334387
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Strategic Complementarities in a Dynamic Model of Technology Adoption : P2P Digital Payments
Alvarez, Fernando; Argente, David; Lippi, Francesco; … - National Bureau of Economic Research - 2023
This paper develops a dynamic model of technology adoption featuring strategic complementarities: the benefits of usage increase with the number of adopters. We study the diffusion of new means of payments, where such complementarities are pervasive. We show that complementarities give rise to...
Persistent link: https://www.econbiz.de/10014287381
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How Does Privatization Work? Evidence from the Russian Shops
Barberis, Nicholas - 1995
alternative channels through which privatization promotes restructuring. Restructuring is measured as capital renovation, change …
Persistent link: https://www.econbiz.de/10012473750
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Insider Privatization and Careers - A Study of a Russian Firm in Transition
Friebel, Guido - 2007
We study how transition has affected human resource policies of a Russian heavy industry firm. Our data set contains … Gaidar's reforms, 1992, when Russian transition to a market economy began. After 1992, promotions are blocked, because both … weak outsider property rights enforcement in Russia. Keywords: institutional environment and internal labor market …
Persistent link: https://www.econbiz.de/10012465657
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Economic Consequences of a Regime Change : Overview
Razin, Asaf; Tsadḳah, Efrayim - National Bureau of Economic Research - 2023
Regime changes toward autocracy typically reshape the judicial framework, effectively eroding the separation of powers and leading the nation toward an autocratic path. Recent instances of regime shift in Hungary, Poland, and Turkey offer templates of democratic erosion through manipulation and...
Persistent link: https://www.econbiz.de/10014372480
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Dissecting the Sinews of Power : International Trade and the Rise of Britain's Fiscal-Military State, 1689-1823
Dal Bó, Ernesto; Hutková, Karolina; Leucht, Lukas; … - National Bureau of Economic Research - 2022
We evaluate the role of taxes on trade in the development of imperial Britain's fiscal-military state. Influential work, e.g., Brewer's (1989) "Sinews of Power," attributed increased fiscal capacity to the taxation of domestic, rather than traded, goods: excise revenues, coarsely associated with...
Persistent link: https://www.econbiz.de/10013477246
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The Effect of Inequality on Redistribution : An Econometric Analysis
Boskin, Michael J.; Elnahal, Kareem; Zhang, Adam - National Bureau of Economic Research - 2024
Using data on U.S. state and federal taxes and transfers over a quarter century, we estimate a regression model that yields the marginal effect of any shift of market income share from one quintile to another on the entire post tax, post-transfer income distribution. We identify exogenous income...
Persistent link: https://www.econbiz.de/10014544770
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Federal Reserve Structure and the Production of Monetary Policy Ideas
Bordo, Michael D.; Prescott, Edward Simpson - National Bureau of Economic Research - 2023
We evaluate the decentralized structure of the Federal Reserve System as a mechanism for generating and processing new ideas on monetary policy over the 1960 - 2000 period. We document the introduction of monetarism, rational expectations, credibility, transparency, and other monetary policy...
Persistent link: https://www.econbiz.de/10014437046