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Why does Environmental Policy in Representative Democracies Tend to be Inadequate? A Preliminary Public Choice Analysis

Kollmann, Andrea; Schneider, Friedrich - CESifo - 2010

There is a widespread consensus among the most important players in developed countries (voters, politicians, producers, traditional and green interest groups and bureaucracies) that a shift towards an eco-social market economy is essential for sustainable growth. Nevertheless, market-based...

Persistent link: https://www.econbiz.de/10008727290

Political Competition, Tax Salience and Accountability: Theory and Some Evidence from Italy

Bracco, Emanuele; Porcelli, Francesco; Redoano, Michela - CESifo - 2013

This paper argues that high political competition does not necessarily induce policy makers to perform better as previous research has shown. We develop a political economy model and we show that when political competition is tight, and elected politicians can rely on more tax instruments, they...

Persistent link: https://www.econbiz.de/10010877811

The Market for Protection and the Origin of the State

Konrad, Kai A.; Skaperdas, Stergios - CESifo - 2005

We examine a stark setting in which security or protection can be provided by self-governing groups or by for-profit entrepreneurs (kings, kleptocrats, or mafia dons). Though self-governance is best for the population, it faces problems of long-term viability. Typically, in providing security...

Persistent link: https://www.econbiz.de/10005765642

Comparative Venture Capital Governance. Private versus Labour Sponsored Venture Capital Funds

Cumming, Douglas J.; MacIntosh, Jeffrey G. - CESifo - 2003

Private independent limited partnership venture capital funds receive capital from institutional investors, without tax incentives. Limited partnership investment activities are governed by restrictive covenants that are determined by negotiated contract between the fund managers (general...

Persistent link: https://www.econbiz.de/10005406303

State Visits and International Trade

Nitsch, Volker - CESifo - 2005

Politicians travel extensively abroad, for various reasons. One purpose of external visits is to improve bilateral economic relations. In this paper, I examine the effect of state visits on international trade. I use a large data set covering the travel activities of the heads of state of...

Persistent link: https://www.econbiz.de/10005406336

Lame Ducks and Divided Government : How Voters Control the Unaccountable

Schelker, Mark - 2017

government is interpreted as the reaction of voters to a systematic control problem. Voters realize that term-limited executives … government control voters force a lame duck to compromise on policies with an opposing legislature. Based on data from the US … states, I present evidence showing that the probability of divided government is about 8 to 10 percent higher when governors …

Persistent link: https://www.econbiz.de/10012975875

Budget Institutions and Government Effectiveness

Dahan, Momi - 2017

Do budget institutions play a role in explaining why government effectiveness is higher in some advanced countries than … budget centralization has a negative and significant effect on government effectiveness in OECD countries after accounting … for a list of control variables such as GDP per capita and government expenditure in addition to country and year fixed …

Persistent link: https://www.econbiz.de/10012965640

Political Booms, Financial Crises

Herrera, Helios - 2014

We show that political booms, measured by the rise in governments' popularity, predict financial crises above and beyond other better-known early warning indicators, such as credit booms. This predictive power, however, only holds in emerging economies. We show that governments in emerging...

Persistent link: https://www.econbiz.de/10013047326

Does Membership in International Organizations Increase Governments' Credibility? Testing the Effects of Delegating Powers

Dreher, Axel - 2008

This paper analyzes whether nation-state governments can increase their credibility by becoming members of international organizations. Credibility is an important asset because it determines the real interest rate and is expected to have an important impact on investment and growth. It is...

Persistent link: https://www.econbiz.de/10012772030

The Democratic-Republican Presidential Growth Gap and the Partisan Balance of the State Governments

Cahan, Dodge - 2017

Higher economic growth was generated during Democratic presidencies compared to Republican presidencies in the United States. The question is why. Blinder and Watson (2016) explain that the Democratic-Republican presidential growth gap (D-R growth gap) can hardly be attributed to the policies...

Persistent link: https://www.econbiz.de/10012952476