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A Political Economy Model of Infrastructure Allocation: An Empirical Assessment

Cadot, Olivier; Röller, Lars-Hendrik; Stephan, Andreas - C.E.P.R. Discussion Papers - 1999

accumulation to regional growth. We model explicitly the political-economy process driving infrastructure investments; in doing so … that shape infrastructure policy. Our empirical findings on a panel of France's regions over 1985-91 suggest that influence …This paper proposes a simultaneous-equation approach to the estimation of the contribution of transport infrastructure …

Persistent link: https://www.econbiz.de/10005666545

Political Activism, Trust, and Coordination

Battaglini, Marco; Bénabou, Roland - C.E.P.R. Discussion Papers - 2002

maker does not react unless all of them are actively lobbying. In a ‘mutual discipline’ or high-trust equilibrium, by …

Persistent link: https://www.econbiz.de/10005792452

Lobbying, Information Transmission and Unequal Representation

Frisell, Lars; Lagerlöf, Johan N. M. - C.E.P.R. Discussion Papers - 2004

We study the effects of unequal representation in the interest-group system on the degree of information transmission between a lobbyist and a policy-maker. Employing a dynamic cheap-talk model in which the lobbyist cares instrumentally about his reputation for truth telling, we show that the...

Persistent link: https://www.econbiz.de/10005792547

Estimating the Impact of Gubernatorial Partisanship on Policy Settings and Economic Outcomes: A Regression Discontinuity Approach

Leigh, Andrew - Research School of Economics, College of Business and … - 2007

Using panel data from US states over the period 1941-2002, I measure the impact of gubernatorial partisanship on a wide range of different policy settings and economic outcomes. Across 32 measures, there are surprisingly few differences in policy settings, social outcomes and economic outcomes...

Persistent link: https://www.econbiz.de/10004977260

What’s the Difference Between a Donkey and an Elephant? Using Panel Data from US States to Estimate the Impact of Partisanship on Policy Settings and Economic Outcomes

Leigh, Andrew - Research School of Economics, College of Business and … - 2005

Using panel data from US states, I measure the impact of partisanship on a wide range of different policy settings and economic outcomes. Across 32 measures, there are surprisingly few differences in policy settings, social outcomes and economic outcomes under Democrats and Republicans. In terms...

Persistent link: https://www.econbiz.de/10005032821

Rational Crowd-Pleasing and Democratic Accountability

Dewatripont, Mathias; Seabright, Paul - C.E.P.R. Discussion Papers - 2010

Politicians frequently undertake projects whose budgetary costs are disproportionate to the benefits they create for the voters or shareholders those decision-makers represent. When they are not the result of simple random mistakes, such wasteful projects are often attributed to weak mechanisms...

Persistent link: https://www.econbiz.de/10008468681

Democratic Public Good Provision

Hassler, John; Storesletten, Kjetil; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 2003

This Paper analyses an overlapping generation model of public good provision under repeated voting. The public good is financed through age-dependent taxation that distorts human capital investment. Taxes redistribute income both across different skill groups and across generations. We contrast...

Persistent link: https://www.econbiz.de/10005123612

Political Foundations of the Resource Curse

Robinson, James A; Torvik, Ragnar; Verdier, Thierry - C.E.P.R. Discussion Papers - 2002

In this Paper we argue that the political incentives that resource endowments generate are the key to understanding whether or not they are a curse. We show: (1) politicians tend to over-extract natural resources relative to the efficient extraction path because they discount the future too...

Persistent link: https://www.econbiz.de/10005067503

Reforming Europe's Labour Market: Political Issues

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1995

In this paper we study the political issues associated with reform in the European labour market. We first discuss the role played by labour market rigidities in European society, and argue that reform is a difficult task because many regulations and rigidities benefit the majority of the...

Persistent link: https://www.econbiz.de/10005497719

On the Political Economy of Labour Market Flexibility

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1993

This paper starts from the observation that despite their very high levels of unemployment, major European countries have devoted few resources to reducing it. This suggests that there is little political concern about high unemployment. I develop a model where the government tries to increase...

Persistent link: https://www.econbiz.de/10005498035

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