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In a cross-section of countries, government regulation is strongly negatively correlated with social capital. We … model is that individuals in low trust countries want more government intervention even though the government is corrupt. We … government's role, as well as on changes in beliefs and in trust during the transition from socialism …
Persistent link: https://www.econbiz.de/10012757998
populist government may use trade policy to encourage capitalists to invest in the more labor-intensive industry. Since moving … government falls from power. The populist government may therefore choose to implement the less efficient but politically …
Persistent link: https://www.econbiz.de/10014264636
We study the logic of Peronist interventionist polices and the beliefs that support them. Instead of a comprehensive approach, we focus on three elements. First, we study beliefs and values about the economic system present in Peron's speeches during the period 1943-55. Second, we study survey...
Persistent link: https://www.econbiz.de/10013135050
of the funds for relief spending came from the federal government, the majority of administrative decisions were made at …, and local levels of government created political incentives for the national relief administration to curb corruption by … national government pressed for the substitution of rules rather than discretion in the administration of relief. This …
Persistent link: https://www.econbiz.de/10013324497
The central hypothesis of this paper is that high income inequality in Latin America contributes to intense political pressures for macroeconomic policies to raise the incomes of lower income groups, which in turn contributes to bad policy choices and weak economic performance. The paper looks...
Persistent link: https://www.econbiz.de/10013124258
This paper analyzes the fiscal and monetary policy responses to crises in Latin America over the last 40 years. We argue that, on average, Latin American countries have "graduated" in terms of their policy responses in the sense that they have been able to switch from procyclical to...
Persistent link: https://www.econbiz.de/10013043999
This paper shows that the Russian 1998 crisis had a big impact on capital flows to Emerging Market Economies, EMs, especially in Latin America, and that the impact of the Russian shock differs quite markedly across EMs. To illustrate this statement, we compare the polar cases of Chile and...
Persistent link: https://www.econbiz.de/10013222318
Macroeconomic populism is an approach to economics that emphasizes growth and income distribution and deemphasizes the risks of inflation and deficit finance, external constraints and the reaction of economic agents to aggressive non-market policies. The purpose of our paper is to show that...
Persistent link: https://www.econbiz.de/10013214603
The paper stresses the evolutionary and adaptive experience of Latin American growth between 1950 and 1980, and provides a synthetic view by considering the sources of growth within a simple production framework. Regressions use quinquennial panel data for 18 Latin American countries.They...
Persistent link: https://www.econbiz.de/10013246276
After decades of trial, error, and occasional regress the pieces of a successful Latin American economic model can be seen scattered among the leading economies of the region. The most traditional macroeconomic maladies of the emerging world - such as chronic fiscal imbalances and monetary...
Persistent link: https://www.econbiz.de/10013324598