This paper studies how political fragmentation affects government stability. We show that each additional party with … representation in Parliament increases the probability that the incumbent government is unseated by 4 percentage points. Governments … with more resources at their disposal for bargaining are less likely to be replaced. When they are, new government leaders …

We study how partisan alignment across levels of government affects coalition formation and government stability using … alignment on both government formation and stability. Alignment increases the probability that the most-voted party appoints the … mayor and decreases the probability that the government is unseated during the term. Aligned parties also obtain sizeable …

political rights do better. Second, different forms of democratic government lead to different economic policies, and this might …

institutional changes as central government’s choices under uncertainty, which are largely driven by the strategic outcomes in a … behavioral coordination game between local officials and private businessmen. With field facts in China, this study suggests that …

This paper investigates the changing nature of economic integration in China. Specifically, we consider business … the symmetry of shocks. -- VAR model ; business cycle synchronization ; China ; reform …