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A government desiring support for its policy reform program, without coercion, behaves as if it faces a political constraint. Citizen support depends on the estimate, by at least some minimum proportion of the population, that the program will succeed and the outcome will be in their individual...
Persistent link: https://www.econbiz.de/10014403279
Empirical evidence on the relationship between democracy and economic reforms is limited to few reforms, countries, and … years. This paper studies the impact of democracy on the adoption of economic reforms using a new dataset on reforms in the …. Democracy has a positive and significant impact on the adoption of economic reforms but there is no evidence that economic …
Persistent link: https://www.econbiz.de/10014402711
Persistent link: https://www.econbiz.de/10010388758
How should possible policy reforms and projects be assessed when prices give misleading signals? Revenues and costs at market prices then give distorted measures of social gains and losses and our appraisal should use social opportunity costs, or correctly defined, shadow prices. We show how...
Persistent link: https://www.econbiz.de/10014396134
Persistent link: https://www.econbiz.de/10009486216
This paper explores the impact of political and institutional variables on public investment. Working with a sample of 80 presidential and parliamentary democracies between 1975 and 2012, we find that the rate of growth of public investment is higher at the beginning of electoral cycles and...
Persistent link: https://www.econbiz.de/10011373913
We revisit Lipset?s law, which posits a positive and significant relationship between income and democracy. Using … democracy: higher/lower incomes per capita hinder/trigger democratization. Decomposing overall income per capita into its …
Persistent link: https://www.econbiz.de/10009679679
factor in a healthy liberal democracy. We ask two questions: 1) do individuals who are members of civil associations vote …
Persistent link: https://www.econbiz.de/10011978365
Do foreign-educated individuals play a role in promoting democracy in their home countries? Despite the large amount of … foster democracy in their home countries. Using a unique panel dataset on foreign students starting from 1950, I show that …, indeed, foreign-educated individuals promote democracy in their home country, but only if the foreign education is acquired …
Persistent link: https://www.econbiz.de/10014400353
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 …
Persistent link: https://www.econbiz.de/10014402566