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Do political connections affect firm dynamics, innovation, and creative destruction? We study Italian firms and their workers to answer this question. Our analysis uses a brand-new dataset, spanning the period from 1993 to 2014, where we merge: (i) firm-level balance sheet data; (ii) social...
Persistent link: https://www.econbiz.de/10012480788
, financial reforms that ended decades of financial repression, and a massive privatization program. We investigate the role … played by ideas, interests and institutions. More specifically, we examine the role played by the 'reform team' investigate …
Persistent link: https://www.econbiz.de/10012472294
We study the role of firms in the political economy of trade agreements. Using detailed information from lobbying … reports filed under the Lobbying Disclosure Act, we find that virtually all firms that lobby on free trade agreements (FTAs …) support their ratification. Moreover, relative to non-lobbying firms, lobbying firms are larger, and more likely to be engaged …
Persistent link: https://www.econbiz.de/10012836007
timing of the extensions of this right from elite groups to a broad population generally later, than in areas where there was …
Persistent link: https://www.econbiz.de/10012470206
We demonstrate that personal connections amongst politicians have a significant impact on the voting behavior of U.S. politicians. Networks based on alumni connections between politicians, as well as common seat locations on the chamber floor, are consistent predictors of voting behavior. For...
Persistent link: https://www.econbiz.de/10012462219
likely to happen by government decree. Instead, they usually come about when the unanimous blocking of reform by powerful … sustainability of reform depends on the existence of new groups that benefit from the new status quo and have enough power to defend … it. Thus, the speed of successful reform is determined by the speed with which new groups are consolidated. Initially …
Persistent link: https://www.econbiz.de/10012473548
political mechanisms: we study legislative bargaining, lobbying, and electoral competition, as well as the possible interactions …
Persistent link: https://www.econbiz.de/10012471701
smoothing. Second deficits can be eliminated through a fiscal reform, but such a reform may only take place after a" delay …
Persistent link: https://www.econbiz.de/10012472479
This paper develops a political-economic model of fiscal policy - one in which government resources are a common property' out of which interest groups can finance expenditures on their preferred items. This setup has striking macroeconomic implications. Transfers are higher than a benevolent...
Persistent link: https://www.econbiz.de/10012472527
exceptionalism" reside in the interplay between the early achievement of universal (white) manhood suffrage and elite efforts to …
Persistent link: https://www.econbiz.de/10012458435