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Many countries, especially developing ones, follow procyclical fiscal policies, namely spending goes up (taxes go down) in booms and spending goes down (taxes go up) in recessions. We provide an explanation for this suboptimal fiscal policy based upon political distortions and incentives for...
Persistent link: https://www.econbiz.de/10003201852
Numerous countries are introducing citizen feedback schemes to tame corruption. We study how best to incorporate …
Persistent link: https://www.econbiz.de/10011343756
networks expanded in a less interior-to-coast way in periods of democracy. This result suggests that Africa's interior …
Persistent link: https://www.econbiz.de/10011966676
Persistent link: https://www.econbiz.de/10003377261
I argue that whether or not a state is predatory hinges on the relationship between development and the distribution of political power in society. Development is typically inconsistent with the preservation of the political status quo and this gives those who initially hold political power an...
Persistent link: https://www.econbiz.de/10009781676
In transition and developing countries, we observe rather high levels of corruption even if they have democratic … high corruption levels. Our model is based on the fact that corrupt offcials have to pay an entry fee to get lucrative … positions. In a probabilistic voting model, we show that a lack of financial institutions can lead to more corruption as more …
Persistent link: https://www.econbiz.de/10011451286
Persistent link: https://www.econbiz.de/10003499703
One concern about direct democracy is that citizens may not be sufficiently competent to decide about complex policies …
Persistent link: https://www.econbiz.de/10011922007
Since objective news coverage is vital to democracy, captured media can seriously distort collective decisions. The …
Persistent link: https://www.econbiz.de/10002578084
. To identify the reasons for this insufficient implementation in the past decade the Public Choice theory is used. The …
Persistent link: https://www.econbiz.de/10008699051