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"Keefer proposes a new approach to explain why the costs of crisis are greater in some countries than in others. He begins with the premise that many crises result from the willingness of politicians to cater to special interests at the expense of broad social interests. A parsimonious model...
Persistent link: https://www.econbiz.de/10010522896
"The authors study whether political campaign contributions influence agricultural protection in the United States in the manner suggested by the political economy model of Grossman and Helpman (1994). This is the first attempt to test this model using agricultural data. The authors test the...
Persistent link: https://www.econbiz.de/10010522241
data set of agricultural Political Action Committee (PAC) contributions over five U.S. congressional election cycles over … the 1991-2000 period to investigate the relationship between lobbying spending and agricultural protection. A detailed … sectors the majority of contributions are made by very few PACs. Econometric analysis reveals that lobbying spending by …
Persistent link: https://www.econbiz.de/10010522478
Latin American exporters and U.S. importers' lobbying efforts have a significant and important role in determining the …
Persistent link: https://www.econbiz.de/10010522681
"This paper examines legal and regulatory measures that can be taken to promote access to the primary market in emerging market economies. While capital market development depends on many factors including, primarily, a favorable macroeconomic environment, an appropriately designed and effective...
Persistent link: https://www.econbiz.de/10010522168
"Regulation is purportedly enacted to serve specific social purposes. In reality, however, it follows a more complex … its justification and objectives, regulation can have potentially significant macroeconomic consequences by helping or … Serven provide an empirical analysis of the macroeconomic impact of regulation. They first characterize the stylized facts on …
Persistent link: https://www.econbiz.de/10010522729
Persistent link: https://www.econbiz.de/10010523042
Persistent link: https://www.econbiz.de/10010523051
This paper focuses on core aspects of the political economy of reform, drawing on case studies of three economies transitioning to stronger business environments (Hungary, the Republic of Korea, and Mexico) and three countries with well-developed business environments (Australia, Italy, and the...
Persistent link: https://www.econbiz.de/10012247129
Changes in demographics and patterns of investment in human capital are creating opportunities for international trade in professional services. As populations in rich countries age, developing countries are seeing an increase in the proportion of working-age people. At the same time, the...
Persistent link: https://www.econbiz.de/10012557577