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Democracy and Development : The Devil in the Details

Persson, Torsten - 2006

Does democracy promote economic development? We review recent attempts to address this question, which exploit the within-country variation associated with historical transitions in and out of democracy. The answer is positive, but depends -- in a subtle way -- on the details of democratic...

Persistent link: https://www.econbiz.de/10012466677

The Growth Effect of Democracy : Is It Heterogenous and How Can It Be Estimated?

Persson, Torsten - 2007

We estimate the effect of political regime transitions on growth with semi-parametric methods, combining difference in differences with matching, that have not been used in macroeconomic settings. Our semi-parametric estimates suggest that previous parametric estimates may have seriously...

Persistent link: https://www.econbiz.de/10012465503

Is Inequality Harmful for Growth? Theory and Evidence

Persson, Torsten - 1991

Is inequality harmful for growth? We suggest that it is. To summarize our main argument: in a society where distributional conflict is more important, political decisions are more likely to produce economic policies that allow private individuals to appropriate less of the returns to growth...

Persistent link: https://www.econbiz.de/10012475421

Social Organizations and Political Institutions : Why China and Europe Diverged

Mokyr, Joel; Tabellini, Guido - 2023

Western Europe. An important factor, recognized in the literature, is that China centralized state institutions very early on …, while Europe remained politically fragmented for much longer. These initial differences, however, were amplified by the … different social organizations (clans in China, corporate structures in Europe) that spread in these two societies at the turn …

Persistent link: https://www.econbiz.de/10014357030

Mobile Internet and the Rise of Political Tribalism in Europe

Manacorda, Marco; Tabellini, Guido; Tesei, Andrea - 2022

We study the political effects of the diffusion of mobile Internet between 2007 and 2017, using data on electoral outcomes and on mobile Internet signal across the 84,564 municipalities of 22 European countries. We find that access to mobile Internet increased voters’ support for right-wing...

Persistent link: https://www.econbiz.de/10014244346

Unskilled Migration : A Burden or a Boon for the Welfare State

Razin, Assaf - 1999

In a static setup, migration of unskilled labor may be resisted by the entire native-born population because, being relatively low earners, migrants are net beneficiaries of the fiscal system. However, the paper shows that with a pay-as-you-go pension, an important pillar of the welfare state,...

Persistent link: https://www.econbiz.de/10012471787

Welfare State, Inequality, and Globalization : Role of International-capital-flow Direction

Razin, Assaf - 2019

Globalization, in the form of financial flows, which is always advantageous on an aggregative level, typically creates winners and losers, if left exclusively to market forces. The effects of financial globalization on income inequality depends on whether the country exports its capital to the...

Persistent link: https://www.econbiz.de/10012479722

The Welfare State besides Globalization Forces

Razin, Assaf - 2018

In this paper we review of literature and offer historical, empirical and analytical explanation for the interactions between the welfare state and globalization driving forces. Globalization - a widespread contemporaneous phenomenon - generates international tax competition. The consequent...

Persistent link: https://www.econbiz.de/10012480574

Tax Competition and Migration : The Race-to-the-Bottom Hypothesis Revisited

Razin, Assaf - 2011

Oates reminds us that tax competition among localities in the presence of capital mobility, may lead to inefficiently low tax rates (and benefits). In contrast, the Tiebout paradigm suggests that tax competition yields an efficient outcome, so that there are no gains from tax coordination. This...

Persistent link: https://www.econbiz.de/10012461987

Migration and the Welfare State : A Dynamic Political-Economy Theory

Razin, Assaf - 2009

We develop a dynamic politico-economic theory of welfare state and immigration policies, featuring three groups of voters: skilled workers, unskilled workers, and old retirees. The welfare-state is modeled by a proportional tax on labor income to finance a demogrant in a balanced-budget manner...

Persistent link: https://www.econbiz.de/10012463052