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What are the incentives faced by local officials in China? Without democratic institutions, there is no mechanism for local residents to exercise "voice". Given the hukou registration system, local residents have little opportunity to threaten "exit" if they are unhappy with local taxes and...
Persistent link: https://www.econbiz.de/10013131309
This paper examines the post-war strategies of Liberia and Sierra Leone to generate revenues from their natural resources. We document the challenges faced by the government of the two countries, contrasting measures taken to address these challenges as well as the outcomes. We complement the...
Persistent link: https://www.econbiz.de/10013097782
We show that isolated capital cities are robustly associated with greater levels of corruption across US states, in line with the view that this isolation reduces accountability, and in contrast with the alternative hypothesis that it might forestall political capture. We then provide direct...
Persistent link: https://www.econbiz.de/10013082070
Is greater trading liquidity good or bad for corporate governance? We address this question both theoretically and … information concerns her own plans for taking an active role in governance. We show that an increase in the liquidity of the firm … governance. Empirical tests using three distinct sources of exogenous variation in liquidity confirm the negative relation …
Persistent link: https://www.econbiz.de/10013072575
interest payments after the call date. We find that municipalities in states with poor governance generally destroy the most …
Persistent link: https://www.econbiz.de/10013075855
This paper develops a simple theoretical framework to study a set of regions, each with its own regional government, who share a union or central government. These governments must decide whether to implement or discard a large number of projects that produce local benefits for the region that...
Persistent link: https://www.econbiz.de/10012864805
A fundamental problem for economic development is that most poor countries have 'weak state' which are incapable or … correlation between pre-colonial political centralization and modern public goods and development outcomes …
Persistent link: https://www.econbiz.de/10013054513
decrease child mortality in sub-Saharan Africa. There is, however, widespread concern that poor governance and in particular …
Persistent link: https://www.econbiz.de/10013019515
1. Introduction: Science, Technology and Innovation Policy and Governance for Social Inclusion and Sustainable … Development in Latin America -- PART 1. INNOVATION POLICY -- 2. Toward a typology of public innovation. Eccentric, discrete, flat …. Innovation policies for an inclusive and sustainable development: Insights from Central America -- 5. Towards a Regional Policy …
Persistent link: https://www.econbiz.de/10012650563
This paper employs a new empirical approach for identifying the impact of government spending on the private sector. Our key innovation is to use changes in congressional committee chairmanship as a source of exogenous variation in state-level federal expenditures. In doing so, we show that...
Persistent link: https://www.econbiz.de/10013146270