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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/10011451061
We document that trust in public institutions - and particularly trust in banks, business and government - has declined … the most suffered the biggest loss in confidence in institutions, particularly in trust in government and the financial …"We document that trust in public institutions-and particularly trust in banks, business and government-has declined …
Persistent link: https://www.econbiz.de/10009011131
alternative mechanism known as divided government. By dividing government control between the executive and legislative branches … states from 1975 to 2000, it is shown that the probability of divided government is 10-15 percent higher when governors are … control an otherwise unaccountable executive. -- divided government ; lame duck ; term limit ; accountability …
Persistent link: https://www.econbiz.de/10009240023
We study the consequences of franchise extension and ballot reform for the size of government in Western Europe between … did not matter for tax revenues per capita but might have expanded the size of government relative to GDP. -- suffrage … ; threat of revolution ; taxation ; size of government …
Persistent link: https://www.econbiz.de/10009709428
that hindsight bias causally reduces trust in government. …
Persistent link: https://www.econbiz.de/10013205089
This paper studies how divided government - arising when control of the government branches is split between parties … they serve in a divided government than they are in a fully unified government. We find similar but smaller effects for …. However, in terms of policy implementation, we find evidence of moderation: when a unified Republican government loses a …
Persistent link: https://www.econbiz.de/10013285498
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/10011663552
The optimal mix of growth policies is determined within a comprehensive endogenous growth model. The analysis captures important elements of the tax-transfer system and accounts for transitional dynamics. Currently, for calculating corporate taxable income US firms are allowed to deduct...
Persistent link: https://www.econbiz.de/10003977338
This paper develops a dynamic framework to analyze the political sustainability of economic reforms in developing countries. First, we demonstrate that economic reforms that are proceeding successfully may run into a political impasse, with the reform's initial success having a negative impact...
Persistent link: https://www.econbiz.de/10010249669
Even after four decades of research it remains unclear, whether presidential popularity depends on the state of the economy. While about half of all studies for the United States find a significant effect of unemployment and inflation on presidential popularity, the others do not. Additional...
Persistent link: https://www.econbiz.de/10009511756