Showing 1 - 10 of 102
This study investigates the effects of introducing elections on public goods and redistribution in rural China. We … timing of the introduction of elections for causal identification. We find that elections significantly increase public goods … also find that elections cause significant income redistribution within villages. The results support the basic assumptions …
Persistent link: https://www.econbiz.de/10011083270
contracts, and democratic elections. An information market is used to predict the long-term performance of a policy, while …
Persistent link: https://www.econbiz.de/10005067506
also when controlling for possible endogeneity of liberalization in growth. (2) Democracy encourages liberalization … - countries which introduced greater democracy subsequently progress further in economic liberalization too. (3) Because of its … reinforcing effect on liberalization, democracy has a positive overall impact on growth. Nevertheless, the marginal effect of …
Persistent link: https://www.econbiz.de/10005114240
contracts during their campaign. These threshold contracts do not violate the liberal principle of free and anonymous elections …
Persistent link: https://www.econbiz.de/10005656153
sustainability. We show that the dual democratic mechanism – rejection/support rewards (RSRs) for politicians and elections – can …
Persistent link: https://www.econbiz.de/10005662383
Polities differ in the extent to which political parties can pre-commit to carry out promised policy actions if they take power. Commitment problems may arise due to a divergence between the ex ante incentives facing national parties that seek to capture control of the legislature and the ex...
Persistent link: https://www.econbiz.de/10005136600
Though models of political economy suggest that changes in political institutions, such as democratization, should have large effects on policies and economic outcomes, the empirical literature finds ambiguous results. It is important, however, to ‘unbundle’ democratic reforms into more...
Persistent link: https://www.econbiz.de/10008861910
Politicians tend to push the amount of public debt beyond socially desirable levels in order to increase their reelection chances. We develop a model that provides a new explanation for this behavior: office holders undertake debt-financed public projects, but postpone the timing of part of the...
Persistent link: https://www.econbiz.de/10008642889
This paper discusses how electoral politics shapes the regional allocation of public investment expenditures per capita in Greece. Using regional public investment data for 10 political periods (1975-2009), combined with electoral data by constituency, a model is proposed which captures the...
Persistent link: https://www.econbiz.de/10011168906
In this paper we examine the impact of tax contracts, a novel instrument, on elections, policies, and welfare. We …
Persistent link: https://www.econbiz.de/10011083822