Showing 1 - 10 of 531
wealth tends to undermine democracy. Given high oil prices, some observers see the country as virtually condemned to …
Persistent link: https://www.econbiz.de/10012462985
An influential thesis often associated with De Tocqueville views social mobility as a bulwark of democracy: when … force making democracy less stable in societies with high social mobility: when the median voter expects to move up …
Persistent link: https://www.econbiz.de/10012456501
We study theoretically and empirically whether natural resource windfalls affect political regimes. We document the following regularities. Natural resource windfalls have no effect on the political system when they occur in democracies. However, windfalls have significant political consequences...
Persistent link: https://www.econbiz.de/10012461056
following Turkey's financial crisis in 2001, but then started moving in the opposite direction in the second half of 2000s. This … deepening in Turkish democracy under the prodding and the guidance of the European Union, and witnessed the waning of the … military's influence and the broadening of effective political participation. As Turkey-European Union relations collapsed and …
Persistent link: https://www.econbiz.de/10012457061
Violent conflicts, particularly at election times in Africa, are a common cause of instability and economic disruption. This paper studies how firms react to electoral violence using the case of Kenyan flower exporters during the 2008 post-election violence as an example. The violence induced a...
Persistent link: https://www.econbiz.de/10012629517
We examine patterns of economic policy uncertainty (EPU) around national elections in 23 countries. Uncertainty shows a clear tendency to rise in the months leading up to elections. Average EPU values are 13% higher in the month of and the month prior to an election than in other months of the...
Persistent link: https://www.econbiz.de/10012482181
We examine the mechanics of deterrence and intervention when fear is a motive for conflict. We contrast results obtained in a complete information setting, where coordination is easy, to those obtained in a setting with strategic risk, where players have different assessments of their...
Persistent link: https://www.econbiz.de/10012464685
There is a paucity of facts about the effects of the recent military "Surge" on conditions in Iraq and whether it is paving the way for a stable Iraq. Selective, anecdotal and incomplete analyses abound. Policy makers and defense planners must decide which measures of success or failure are most...
Persistent link: https://www.econbiz.de/10012465190
Recent cross-country investigations of the role of institutional fundamentals such as the protection of property rights in promoting financial development have extended a literature that has for decades maintained that financial factors can affect real outcomes. In this paper we pursue this new...
Persistent link: https://www.econbiz.de/10012466634
This paper is an analysis of the simultaneous determination of financial default and political crises and its consequences. It focuses on a small open economy that faces a debt default decision. Crucially, this decision is made by a government that has superior information than the public about...
Persistent link: https://www.econbiz.de/10012466892