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Debt and Deficits : Fiscal Analysis with Stationary Ratios
Campbell, John Y.; Gao, Can; Martin, Ian - National Bureau of Economic Research - 2023
We study cointegrating relationships among fiscal variables and output and use them to introduce a new measure of the government's fiscal position. In the US since World War II, we find that the primary surplus-GDP ratio and the government debt-GDP ratio are nonstationary, which invalidates...
Persistent link: https://www.econbiz.de/10014287325
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How Does the Government (Want to) Fund Science? Politics, Lobbying and Academic Earmarks
de Figueiredo, John M. - 2007
review of the evidence on the supply of earmarks by legislators. It then discusses the role of university lobbying for …
Persistent link: https://www.econbiz.de/10012465189
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Special Interest Groups and the Allocation of Public Funds
Singhal, Monica - 2006
A long-standing puzzle in the fiscal federalism literature is the empirical non-equivalence in government spending from grants and other income. I propose a fully rational model in which violations of fungibility arise from dynamic interactions between politicians and interest groups with the...
Persistent link: https://www.econbiz.de/10012466632
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How EU Markets Became More Competitive Than US Markets : A Study of Institutional Drift
Gutiérrez, Germán - 2018
political and lobbying expenditures have increased much more in America than in Europe, and using data across industries and …
Persistent link: https://www.econbiz.de/10012453020
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Political Connections, Allocation of Stimulus Spending, and the Jobs Multiplier
Choi, Joonkyu; Penciakova, Veronika; Saffie, Felipe - National Bureau of Economic Research - 2024
We study the role of firms' political influence on the effectiveness of government spending using ARRA as a laboratory. Through an IV approach, we show that a 10 percentage points increase in the share of politically connected spending lowers the job creation effect of stimulus by 33 percent at...
Persistent link: https://www.econbiz.de/10014576603
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A Fistful of Dollars : Lobbying and the Financial Crisis
Igan, Deniz - 2011
Has lobbying by financial institutions contributed to the financial crisis? This paper uses detailed information on … financial institutions' lobbying and mortgage lending activities to answer this question. We find that lobbying was associated … with more risk-taking during 2000-07 and with worse outcomes in 2008. In particular, lenders lobbying more intensively on …
Persistent link: https://www.econbiz.de/10012461582
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Random Directed Graph Distributions in the Triad Census in Social Networks
Wasserman, Stanley S. - 1975
This paper uses the concept of the triad census first introduced by Holland and Leinhardt, and describes several distributions on directed graphs. Methods are presented for calculating the mean and the covariance matrix of the triad census for the uniform distribution that conditions on the...
Persistent link: https://www.econbiz.de/10012479013
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The Euro and Structural Reforms
Alesina, Alberto - 2008
This paper investigates whether or not the adoption of the Euro has facilitated the introduction of structural reforms, defined as deregulation in the product markets and liberalization and deregulation in the labor markets. After reviewing the theoretical arguments that may link the adoption of...
Persistent link: https://www.econbiz.de/10012464168
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The Ups and Downs of Turkish Growth, 2002-2015 : Political Dynamics, the European Union and the Institutional Slide
Acemoglu, Daron - 2015
We document a change in the character and quality of Turkish economic growth with a turning point around 2007 and link this change to the reversal in the nature of economic institutions, which underwent a series of growth-enhancing reforms following Turkey's financial crisis in 2001, but then...
Persistent link: https://www.econbiz.de/10012457061
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Effects of fiscal policy on private consumption : evidence from structural-balance fiscal rule deviations
Correa, Juan A.; Ferrada, Christian; Gutiérrez, Pablo; … - In: Applied economics letters 21 (2014) 10/12, pp. 776-781
Persistent link: https://www.econbiz.de/10010416290