Showing 1 - 10 of 125
We examine the effects that variations in the international food prices have on democracy and intra-state conflict …
Persistent link: https://www.econbiz.de/10013092514
Partisan conflict and policy uncertainty are frequently invoked as factors contributing to slow post-crisis recoveries. Recent events in Europe provide ample evidence that the political aftershocks of financial crises can be severe. In this paper we study the political fall-out from systemic...
Persistent link: https://www.econbiz.de/10013003023
probability of a transition from autocracy to democracy and reduces the probability of democratic survival …
Persistent link: https://www.econbiz.de/10013099239
We empirically investigate whether the persistence of politicians in political institutions affects the innovation activity of firms. We use 12,000 firm-level observations from three waves of the Italian Observatory over Small and Medium Enterprises, and introduce a measure of political...
Persistent link: https://www.econbiz.de/10013068570
We study the association between resource rents and political stability, highlighting the importance of the distribution of political power as a mediating factor. We present a simple theoretical model showing that increased rents are likely to be positively associated with the stability of a...
Persistent link: https://www.econbiz.de/10013054959
This paper explores the role of political stability on fiscal policy choices in a time-series analysis over 158 years on the Swiss federal level. We argue that the fiscal-commons problem of public finances is affected by the time-horizon of a finance minister. Arguably, the incentives for an...
Persistent link: https://www.econbiz.de/10013158327
We employ bootstrap methods (Efron (1979)) to test the effect of an important electoral reform implemented in Italy from 1993 to 2001, that moved the system for electing the Par-liament from purely proportional to plurality rule (for 75% of the seats). We do not find any effect on either the...
Persistent link: https://www.econbiz.de/10013130016
This study shows that the relative size of the youth bulge matters for how corruption affects the internal stability of a political system. We argue that corruption cannot buy political stability (e.g., the greasing hypothesis) in countries with a relatively large youth population. Using panel...
Persistent link: https://www.econbiz.de/10012989563
A demographic transition resulting from an increase in the size of the young working age population can be a blessing or a curse for economic performance. We focus on the political stability effects of a larger youth population and hypothesize that corruption matters in this nexus. Using panel...
Persistent link: https://www.econbiz.de/10013030326
We estimate the effect of electorally induced policy uncertainty on investment in the manufacturing sector. Because state governors exercise considerable influence over legislation and considerable discretion over regulation and permitting, and because the policies relevant to business...
Persistent link: https://www.econbiz.de/10012993110