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Businessman Candidates: Special-Interest Politics in Weakly Institutionalized Environments

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

our arguments through discussion of gubernatorial elections in postcommunist Russia, where businessmen frequently run for …

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

DEMOCRACY’S SPREAD: Elections and Sovereign Debt in Developing Countries

Block, Steven A.; Schrage, Burkhard N.; Vaaler, Paul M. - William Davidson Institute, University of Michigan - 2003

We use partisan and opportunistic political business cycle (“PBC”) considerations to develop and test a framework for explaining election-period changes in credit spreads for developing country sovereign bonds. Pre-election bond spread trends are significantly linked both to the partisan...

Persistent link: https://www.econbiz.de/10005784660

Democratization’s Risk Premium: Partisan and Opportunistic Political Business Cycle Effects on Sovereign Ratings in Developing Countries

Block, Steven; Schrage, Burkhard N.; Vaaler, Paul M. - William Davidson Institute, University of Michigan - 2003

elections from 1987-2000. We find that ratings are linked to the partisan orientation of incumbents facing election and to …

Persistent link: https://www.econbiz.de/10005784745

Inflation Differentials in the Euro Area and their Determinants – an empirical view

Aldasoro, Juan Ignacio; Žďárek, Václav - William Davidson Institute, University of Michigan - 2009

In this paper, we present evidence on the statistical features of observed dispersion in HICP inflation rates in the Euro area. Our descriptive exercise shows that there is still a remarkable dispersion of HICP inflation rates across the member countries. We find that most of dispersion...

Persistent link: https://www.econbiz.de/10008529024

Incomplete Specialization and Trade in Parts and Components

Frensch, Richard; Hanousek, Jan; Kočenda, Evžen - William Davidson Institute, University of Michigan - 2013

Within a higher-dimensional incomplete specialization Heckscher-Ohlin framework, we first develop a gravity model that views bilateral gravity equations as statistical relationships constrained on countries’ multilateral specialization patterns. Second, we test our model empirically by using a...

Persistent link: https://www.econbiz.de/10011161370

Labor Mobility during Transition: Evidence from the Czech Republic

Fidrmuc, Jan - William Davidson Institute, University of Michigan - 2005

In this paper, I analyze the development of inter-regional mobility in the Czech Republic during the transition from central planning to a market economy. I show that the intensity of migration is low and even has fallen during the transition regional disparities in unemployment rates and...

Persistent link: https://www.econbiz.de/10005677560

From a currency board to the euro: Public attitudes toward unilateral euroization in Bulgaria

Valev, Neven T. - William Davidson Institute, University of Michigan - 2005

Bulgaria has operated a currency board since 1997. It is expected to join the EU in 2007 and the EMU thereafter. This paper uses survey data to analyze public attitudes toward adoption of the euro in advance of EMU membership. Bulgarians are equally split in support for and opposition to...

Persistent link: https://www.econbiz.de/10005677570

The Usefulness of Corruptible Elections

Brandt, Loren; Turner, Matthew - William Davidson Institute, University of Michigan - 2003

The belief that elections reduce rent seeking by government officials is widely held, likewise the belief that rent … seeking decreases as elections are less subject to corruption. In this paper we develop and test a model in which these … beliefs are carefully examined. Our model indicates that, while elections may provide a disincentive for rent seeking, this …

Persistent link: https://www.econbiz.de/10005677735

Voice of the Diaspora: An Analysis of Migrant Voting Behavior

Fidrmuc, Jan; Doyle, Orla - William Davidson Institute, University of Michigan - 2004

This paper utilizes a unique dataset on votes cast by Czech and Polish migrants in their recent national elections to …

Persistent link: https://www.econbiz.de/10005784736

Minimum Wage and Tax Evasion: Theory and Evidence

Tonin, Mirco - William Davidson Institute, University of Michigan - 2007

The paper investigates the role of the minimum wage in a competi- tive economy in which there is underreporting of earnings by employed labour. The minimum wage induces higher compliance by some low- productivity workers and transforms a nominally neutral ?scal system into a regressive one. A...

Persistent link: https://www.econbiz.de/10005677607