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Votes and Vetoes: The Political Determinants of Commercial Openness

Henisz, Witold J.; Mansfield, Edward D. - William Davidson Institute, University of Michigan - 2004

Societal theories of trade policy stress the importance of domestic interest groups, whereas statist theories focus on … macroeconomic conditions on trade policy to be weaker in fragmented states than in those characterized by a highly centralized … potent impact on trade policy in democracies than in other regimes, since the electoral constraints facing democratic leaders …

Persistent link: https://www.econbiz.de/10005784760

Businessman Candidates: Special-Interest Politics in Weakly Institutionalized Environments

Gehlbach, Scott; Sonin, Konstantin - William Davidson Institute, University of Michigan - 2004

We initiate examination of the political boundaries of the firm by exploring the phenomenon of “businessman candidates”: business owners and managers who bypass conventional means of political influence to run for public office themselves. We argue that in-house production of political...

Persistent link: https://www.econbiz.de/10005652556

Changing Incentives of the Chinese Bureaucracy

Li, David D. - William Davidson Institute, University of Michigan - 1998

It has been increasingly recognized that the Chinese goverm-nent's newly acquired enthusiasm for economic development is a major factor explaining the relative success of China's transition from socialism. This paper argues that the changed behavior of the Chinese government is an outcome of a...

Persistent link: https://www.econbiz.de/10005677627

Inequality, Fiscal Capacity and the Political Regime: Lessons from the Post-Communist Transition

Gerry, Christopher; Mickiewicz, Tomasz - William Davidson Institute, University of Michigan - 2006

Using panel data for twenty-seven post-communist economies between 1987-2003, we examine the nexus of relationships between inequality, fiscal capacity (defined as the ability to raise taxes efficiently) and the political regime. Investigating the impact of political reform we find that full...

Persistent link: https://www.econbiz.de/10005677567

Economic Reform, Democracy and Growth During Post-Communist Transition

Fidrmuc, Jan - William Davidson Institute, University of Michigan - 2001

controlling for endogeneity of liberalization in growth). (2) Democracy facilitates economic liberalization. (3) Because of its … effect on liberalization, democracy has a positive overall effect on growth. Nevertheless, the marginal effect of democracy … subsequent democracy appears negative. (5) Economic performance is an important determinant of electoral outcomes and, in …

Persistent link: https://www.econbiz.de/10005784759

Chinese state’s economic cooperation related investment: An investigation of its direction and some implications for outward investment

Bhaumik, Sumon Kumar; Co, Catherine Yap - William Davidson Institute, University of Michigan - 2009

The Chinese state undertakes large scale investments in a number of countries under the auspices of economic cooperation related investment (ECI). While there are suggestions that it is an extension of China‟s soft power aimed at facilitating Chinese FDI in those countries, often for access to...

Persistent link: https://www.econbiz.de/10008529009

The Politics of Institutional Learning and Creation: Bank Crises and Supervision in East Central Europe

McDermott, Gerald A. - William Davidson Institute, University of Michigan - 2004

This article examines the political conditions shaping the creation of new institutional capabilities. It analyzes bank sector reforms in the 1990s in three leading postcommunist democracies – Hungary, Poland, and the Czech Republic. It shows how different political approaches to economic...

Persistent link: https://www.econbiz.de/10005489923

Barriers to Investment by Russian Firms: Property Protection or Credit Constraints?

Linz, Susan J. - William Davidson Institute, University of Michigan - 2002

A multitude of explanations for low investment by Russian firms have been offered: high inflation, high interest rates, falling production, falling GDP, an underdeveloped banking system, a confiscatory tax regime, calls for the re-nationalization of industry, excessive regulations, and an...

Persistent link: https://www.econbiz.de/10005651498

Culture Rules: The Foundations of the Rule of Law and Other Norms of Governance

Licht, Amir N.; Goldschmidt, Chanan; Schwartz, Shalom H. - William Davidson Institute, University of Michigan - 2003

This study presents evidence about relations between national culture and social institutions. We operationalize culture with data on cultural dimensions for over 50 nations adopted from cross-cultural psychology and generate testable hypotheses about three basic social norms of governance: the...

Persistent link: https://www.econbiz.de/10005652615

The Determinants of Asset Stripping: Theory and Evidence From the Transition Economies

Campos, Nauro F.; Giovannoni, Francesco - William Davidson Institute, University of Michigan - 2005

During the transition from plan to market, managers and politicians succeeded in maintaining control of large parts of the stock of socialist physical capital. Despite the obvious importance of this phenomenon, there have been no efforts to model, measure and investigate this process...

Persistent link: https://www.econbiz.de/10005677394