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Populism, Political Risk and the Economy : Lessons from Italy
Balduzzi, Pierluigi - 2020
that have implications for budgetary policy, debt sustainability and for Euro membership. We use changes in the Credit …
Persistent link: https://www.econbiz.de/10012842058
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Electoral Impacts of Uncovering Public School Quality : Evidence from Brazilian Municipalities
Firpo, Sergio - 2012
School accountability systems that establish the adoption of incentives for teachers and school managers usually impact positively students' performance. However, in many circumstances, school accountability systems may face institutional restrictions to establish rewards and sanctions to...
Persistent link: https://www.econbiz.de/10013106944
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Governance and Public Service Delivery in India
Afridi, Farzana - 2017
Citizens in low income democracies depend, to a large extent, on the state for the provision of basic services either due to absence of a market for these services or poverty. This paper synthesizes the findings of the International Growth Centre (IGC) supported research on governance and public...
Persistent link: https://www.econbiz.de/10012952620
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Volunteering and the State
Hackl, Franz - 2009
This paper explores the capability of the state to affect the individual's decision to work for free. For this purpose we combine individual-level data from the European and World Values Survey with macroeconomic and political variables for OECD member countries. Empirically we identify three...
Persistent link: https://www.econbiz.de/10012764665
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Democracy, Dictatorship and the Cultural Transmission of Political Values
Ticchi, Davide - 2013
We develop a theory of endogenous regimes transitions (with a focus on democratic consolidation), which emphasizes the role of political culture and of its interaction with political institutions. Political culture reflects the extent of individual commitment across citizens to defend democracy...
Persistent link: https://www.econbiz.de/10013080139
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Do Educated Leaders Affect Economic Development? Evidence from India
Jain, Chandan; Kashyap, Shagun; Lahoti, Rahul; Sahoo, Soham - 2022
Although formal education is often considered an indicator of political leaders' quality, the evidence on the effectiveness of educated leaders is mixed. Besides, minimum education qualifications are increasingly being used as requirements for contesting elections, making it critical to...
Persistent link: https://www.econbiz.de/10014083701
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Policy Responses to Fiscal Restraints : A Difference-in-Discontinuities Design
Grembi, Veronica - 2012
We evaluate the effect of relaxing fiscal rules on policy outcomes applying a quasi-experimental research design. In 1999, the Italian central government introduced fiscal rules aimed at imposing fiscal discipline on municipal governments, and in 2001 the rules were relaxed for municipalities...
Persistent link: https://www.econbiz.de/10013098807
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Households Debt Restructuring : The Re-Default Effect of a Debt Suspension
Fraisse, Henri - 2017
). The HDC can order an immediate repayment or grant a debt suspension. Exploiting the random assignment of bankruptcy … filings to managers, we show that a debt suspension has a very significant and negative effect on the likelihood to re … the nature of their indebtedness. Our results imply that rather than focusing on a specific debt profile, above all a …
Persistent link: https://www.econbiz.de/10012946593
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Fiscal Policy, Sovereign Default, and Bailouts
Juessen, Falko - 2013
relies on distortionary taxation and decides between full debt repayment and costly default. It tends to overborrow due to … close-to-default states. These bailouts can lead to an increase in the mean debt price and a lower default probability that … public debt never decreases in the long-run when bailout loans are available …
Persistent link: https://www.econbiz.de/10013071428
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Completing the Monetary Union of Europe as Mid-Term Solution of the Euro Crisis
Fischer, Justina A. V. - 2015
This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the … growth in Greece and discusses the role of conditionality. Finally, the important role of mid-left parties is highlighted …
Persistent link: https://www.econbiz.de/10013016262