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The Political Economy of Ideas : On Ideas Versus Interests in Policymaking
Mukand, Sharun - 2018
We develop a conceptual framework to highlight the role of ideas as a catalyst for policy and institutional change. We make an explicit distinction between ideas and vested interests and show how they feed into each other. In doing so the paper integrates the Keynes-Hayek perspective on the...
Persistent link: https://www.econbiz.de/10012922972
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A Political-Economy Theory of Trade Agreements
Maggi, Giovanni; Rodríguez-Clare, Andrés - 2021
This paper presents a theory of trade agreements where "politics" play an central role. This stands in contrast with … the standard theory, where even politically-motivated governments sign trade agreements only to deal with terms …
Persistent link: https://www.econbiz.de/10013220537
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Is Trade Policy for Sale? Congressional Voting on Recent Trade Bills
Baldwin, Robert E.; Magee, Christopher S. - 2021
This paper examines voting by members of Congress on three trade bills introduced in 1993 and 1994: the North American Free Trade Agreement (NAFTA), the agreements concluded in the Uruguay Round of multilateral trade negotiations (GATT), and most-favored nation status for China. We first review...
Persistent link: https://www.econbiz.de/10013224935
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Judicial Lobbying : The Politics of Labor Law Constitutional Interpretation
Iaryczower, Matias; Spiller, Pablo T.; Tommasi, Mariano - 2021
This paper links the theory of interest groups influence over the legislature with that of congressional control over … the judiciary. The resulting framework reconciles the theoretical literature of lobbying with the negative available … evidence on the impact of lobbying over legislative outcomes, and sheds light to the determinants of lobbying in separation …
Persistent link: https://www.econbiz.de/10013225056
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Debts and Deficits with Fragmented Fiscal Policymaking
Velasco, Andrés - 2021
This paper develops a political-economic model of fiscal policy - one in which government resources are a common property' out of which interest groups can finance expenditures on their preferred items. This setup has striking macroeconomic implications. Transfers are higher than a benevolent...
Persistent link: https://www.econbiz.de/10013243430
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A Model of Endogenous Fiscal Deficits and Delayed Fiscal Reforms
Velasco, Andrés - 2022
This paper develops a political-economic model of fiscal policy one in which" government resources are a common property' out of which interest groups can finance" expenditures on their preferred items. This setup has striking macroeconomic implications. " First, fiscal deficits and debt...
Persistent link: https://www.econbiz.de/10013323463
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Political Economics and Public Finance
Persson, Torsten; Tabellini, Guido - 2021
political mechanisms: we study legislative bargaining, lobbying, and electoral competition, as well as the possible interactions …
Persistent link: https://www.econbiz.de/10013226917
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How Does the Government (Want to) Fund Science? Politics, Lobbying and Academic Earmarks
de Figueiredo, John M. - 2007
review of the evidence on the supply of earmarks by legislators. It then discusses the role of university lobbying for …
Persistent link: https://www.econbiz.de/10012775806
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Special Interest Groups and the Allocation of Public Funds
Singhal, Monica - 2021
A long-standing puzzle in the fiscal federalism literature is the empirical non-equivalence in government spending from grants and other income. I propose a fully rational model in which violations of fungibility arise from dynamic interactions between politicians and interest groups with the...
Persistent link: https://www.econbiz.de/10013313674
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When Ideas Trump Interests : Preferences, World Views, and Policy Innovations
Rodrik, Dani - 2013
The contemporary approach to political economy is built around vested interests - elites, lobbies, and rent-seeking groups which get their way at the expense of the general public. The role of ideas in shaping those interests is typically ignored or downplayed. Yet each of the three components...
Persistent link: https://www.econbiz.de/10013073185