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Ethnic Diversity, Democracy, and Corruption

Yehoue, Etienne B. - International Monetary Fund (IMF) - 2007

I study the link between ethnic diversity, democracy, and corruption. In a static model, I show that contrary to conventional wisdom, corruption might emerge as a negative externality of democracy. This occurs through ethnicity, which appears as a rent-extracting technology in a democratic...

Persistent link: https://www.econbiz.de/10005248127

Corruption, Competition, and Contracts; A Model of Vote Buying

Vardy, Felix J. J.; Morgan, John - International Monetary Fund (IMF) - 2006

In the presence of competing interest groups, this paper examines how the form of votebuying contracts affects policy outcomes. We study contracts contingent upon individual votes, policy outcomes, and/or vote shares. Voters either care about their individual votes, or about the policy outcome....

Persistent link: https://www.econbiz.de/10005248248

Money-Based Versus Exchange-Rate-Based Stabilization; Is there Space for Political Opportunism?

Aisen, Ari - International Monetary Fund (IMF) - 2004

a consumption bust followed by a recovery, policymakers may consider the timing of elections when determining the … nominal anchor for stabilization. This paper finds strong evidence that the choice of nominal anchor depends on elections …, implying the existence of political opportunism. ERBS are, on average, launched before elections while MBS are set after them. …

Persistent link: https://www.econbiz.de/10005263919

Electoral System and Public Spending

Perotti, Roberto; Rostagno, Massimo V.; … - International Monetary Fund (IMF) - 2001

We study the effects of electoral institutions on the size and composition of public expenditure in OECD and Latin American countries. We present a model emphasizing the distinction between purchases of goods and services, which are easier to target geographically, and transfers, which are...

Persistent link: https://www.econbiz.de/10005264182

Hold Your Nose and Vote; Why Do Some Democracies tolerate Corruption?

Pani, Marco - International Monetary Fund (IMF) - 2009

This paper analyses why corruption can persist for long periods in a democracy and inquires whether this can result from a well-informed rational choice of the citizens. By applying a citizen-candidate model of representative democracy, the paper analyzes how corruption distortsthe allocation of...

Persistent link: https://www.econbiz.de/10004999974

Modeling Politics with Economics tools; A Critical Survey of the Literature

Olters, Jan-Peter - International Monetary Fund (IMF) - 2001

Whereas the economics discipline possesses a highly refined theoretical apparatus to analyze the effects of government behaviour on the economy, it has not (yet) managed to fully develop a positively formulated "economic theory of politics" that would permit the integration of the...

Persistent link: https://www.econbiz.de/10005605269

Do Elections Always Motivate Incumbents? Experimentation vs. Career Concerns

Lockwood, Ben; Borgne, Eric Le - International Monetary Fund (IMF) - 2003

effort so that performance becomes a more accurate signal of her ability. Elections reduce the experimentation effect, and … the reduction in this effect may more than offset the positive "career-concerns" effect of elections on effort. Moreover …, when this occurs, appointment of officeholders may Pareto-dominate elections. …

Persistent link: https://www.econbiz.de/10005605403

Colonial Origins, Institutions and Economic Performance in the Caribbean; Guyana and Barbados

DaCosta, Michael - International Monetary Fund (IMF) - 2007

The countries that were once British colonies in the Caribbean share a common language and a colonial history of slavery, dominance of a plantation-based sugar industry, and broadly similar government and administrative traditions. Following independence in the late-1960s economic strategies and...

Persistent link: https://www.econbiz.de/10005263739

Votingon the "Optimal" Size of Government

Olters, Jan-Peter - International Monetary Fund (IMF) - 2000

Viewing fiscal policies as the outcome of democratically resolved conflicts of households over public goods and taxes, the “economic model of politics” proposes a public choice approach, which does not rely on social welfare functions. With it, a country’s overall budget can be derived...

Persistent link: https://www.econbiz.de/10005264039

The Discipline-Enhancing Role of Fiscal Institutions; Theory and Empirical Evidence

Debrun, Xavier; Kumar, Manmohan S. - International Monetary Fund (IMF) - 2007

This paper discusses the role of fiscal institutions, including budget rules and non-partisan agencies, in enhancing fiscal discipline. A dynamic model of fiscal policy shows that optimal institutions lack credibility unless the costs to bypass them are sufficiently high. In our model, a...

Persistent link: https://www.econbiz.de/10005825631

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