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Until very recently, the conventional wisdom was that the return to education was very high in Africa. However, some recent analysis point to low average returns to education in some African countries including Nigeria. Given these low returns to education, a relevant question is what causes low...
Persistent link: https://www.econbiz.de/10003763121
This theoretical contribution shows a simple way in which the quantity equation can be derived as a long-term equilibrium solution for the case of a closed economy and an open economy, respectively. It is shown first for the case of a closed economy which parameters stand behind "velocity" and...
Persistent link: https://www.econbiz.de/10010398774
An important question in representative democracies is how to ensure that politicians behave in the best interest of citizens rather than their own private interests. Aside from elections, one of the few institutional devices available to regulate the actions of politicians is their pay...
Persistent link: https://www.econbiz.de/10011709824
Using newly digitized data on the growth of the telegraph network in America during 1840-1852, the paper studies the impacts of the electric telegraph on national elections. I use proximity to daily newspapers with telegraphic connections to Washington to generate plausibly exogenous variation...
Persistent link: https://www.econbiz.de/10014315749
We study the electoral impact of protesting against the far right by investigating the demonstrations held during the 2002 French presidential elections against far-right candidate Jean-Marie Le Pen. Instrumenting rally attendance with rainfall while factoring in that some municipalities never...
Persistent link: https://www.econbiz.de/10013407567
There is data evidence that welfare has improved post democracy in Nigeria. However, the distribution or concentration of the benefits in subgroups of the population is unknown. In this paper, the question of differential welfare impacts, across and within gender, post democracy in Nigeria is...
Persistent link: https://www.econbiz.de/10003646708
We study the process of endogenous democratization from inefficient oligarchic systems in an economy where … the conditions under which democratization initially takes place. The political regime and the extent of redistribution … theoretical predictions. -- democratization ; oligarchy ; conflict ; consensual democracy ; inequality ; commitment …
Persistent link: https://www.econbiz.de/10003355555
At least since 1750 when Baron de Montesquieu declared "peace is the natural effect of trade," a number of economists and political scientists espoused the notion that trade among nations leads to peace. Employing resources wisely to produce one commodity rather than employing them inefficiently...
Persistent link: https://www.econbiz.de/10003335452
(consensual crowding out). And finally, the more a government supports democratization, the lower is the individual's engagement … consensus ; democratization …
Persistent link: https://www.econbiz.de/10003810895
possibility of a nonlinear relationship and the role of reversals remain largely neglected. Focusing on democratization and …
Persistent link: https://www.econbiz.de/10003879372