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Recent theories of the Long Divergence between Middle Eastern and Western European economies focus on Middle Eastern (over-)reliance on religious legitimacy, use of slave soldiers, and persistence of restrictive proscriptions of religious (Islamic) law. These theories take as exogenous the...
Persistent link: https://www.econbiz.de/10012482703
, Indonesia, Japan, Pakistan, Philippines, Singapore, Sri Lanka) and seven Middle Eastern countries (Iraq, Israel, Jordan, Turkey …
Persistent link: https://www.econbiz.de/10015326469
Individuals of Middle Eastern and North African (MENA) ancestry in the US have been targeted by anti-immigrant and counterterrorism policies and have been the focus of vitriolic political rhetoric. Despite this, lack of data identifying MENA individuals has prevented systematic evaluation of the...
Persistent link: https://www.econbiz.de/10014635639
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
Amid rising global interest in state interventions, this paper examines how China's infrastructure investments--a key macroeconomic policy tool--affect firm productivity. We focus on a policy that encourages regional governments to improve market conditions for private enterprises. Our analysis...
Persistent link: https://www.econbiz.de/10015398177
We experimentally study the impact of substantially larger enterprise loans, in collaboration with an Egyptian lender. Larger loans generate small average impacts, but machine learning using psychometric data reveals dramatic heterogeneity. Top-performers (i.e., those with the highest predicted...
Persistent link: https://www.econbiz.de/10012629531
Egypt, we randomly assign large price discounts for transport services over a 3 month period to examine: (1) the demand for …
Persistent link: https://www.econbiz.de/10014322718
hypothesis empirically, we combine data on mergers with data on lobbying expenditures and campaign contributions in the US from … approaches indicate that mergers are followed by large and persistent increases in lobbying activity, both by individual firms … companies' choice to establish their first in-house lobbying teams and/or first corporate PAC. We interpret these results within …
Persistent link: https://www.econbiz.de/10015171658
We distinguish between ideational and interest-based appeals to voters on the supply side of politics, and integrate the Keynes-Hayek perspective on the importance of ideas with the Stigler-Becker approach emphasizing vested interests. In our model, political entrepreneurs discover identity and...
Persistent link: https://www.econbiz.de/10012696383
competition in U.S. industries. Lobbying expenditures increase as a consequence of import changes related to the China shock. The … effect on lobbying is not homogeneous across firms and it concentrates particularly in those producers which are behind the … technological frontier. We discuss theoretical mechanisms driving lobbying of firms away from the technological frontier: not only …
Persistent link: https://www.econbiz.de/10012616568