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Resource Windfalls, Political Regimes, and Political Stability
Caselli, Francesco - 2011
We study theoretically and empirically whether natural resource windfalls affect political regimes. We document the following regularities. Natural resource windfalls have no effect on the political system when they occur in democracies. However, windfalls have significant political consequences...
Persistent link: https://www.econbiz.de/10013117944
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Social Mobility and Stability of Democracy : Re-Evaluating De Tocqueville
Acemoglu, Daron - 2016
An influential thesis often associated with De Tocqueville views social mobility as a bulwark of democracy: when … force making democracy less stable in societies with high social mobility: when the median voter expects to move up …
Persistent link: https://www.econbiz.de/10012994372
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Oil and Democracy in Russia
Treisman, Daniel - 2010
wealth tends to undermine democracy. Given high oil prices, some observers see the country as virtually condemned to …
Persistent link: https://www.econbiz.de/10013148670
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The Ups and Downs of Turkish Growth, 2002-2015 : Political Dynamics, the European Union and the Institutional Slide
Acemoglu, Daron - 2015
following Turkey's financial crisis in 2001, but then started moving in the opposite direction in the second half of 2000s. This … deepening in Turkish democracy under the prodding and the guidance of the European Union, and witnessed the waning of the … military's influence and the broadening of effective political participation. As Turkey-European Union relations collapsed and …
Persistent link: https://www.econbiz.de/10013014300
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Is the "Surge" Working? Some New Facts
Greenstone, Michael - 2007
There is a paucity of facts about the effects of the recent military quot;Surgequot; on conditions in Iraq and whether it is paving the way for a stable Iraq. Selective, anecdotal and incomplete analyses abound. Policy makers and defense planners must decide which measures of success or failure...
Persistent link: https://www.econbiz.de/10012775883
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Malaysia : Was it Different?
Dornbusch, Rudiger - 2004
In the Asian crisis of 1997-98 some countries followed IMF prescriptions for stabilization and recovery. Malaysia went another route, placing an emphasis on capital controls. Did this strategy work out to lower the costs of the crisis and foster a more rapid recovery as claimed by some observers...
Persistent link: https://www.econbiz.de/10012786213
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Policy Uncertainty in Japan
Arbatli, Elif C. - 2017
We develop new economic policy uncertainty (EPU) indices for Japan from January 1987 onwards, building on the approach of Baker, Bloom and Davis (2016). Each index reflects the frequency of newspaper articles that contain certain terms pertaining to the economy, policy matters, and uncertainty....
Persistent link: https://www.econbiz.de/10012955957
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Firm-Level Political Risk : Measurement and Effects
Hassan, Tarek Alexander - 2017
We adapt simple tools from computational linguistics to construct a new measure of political risk faced by individual US firms: the share of their quarterly earnings conference calls that they devote to political risks. We validate our measure by showing it correctly identifies calls containing...
Persistent link: https://www.econbiz.de/10012943186
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Conflict and Deterrence Under Strategic Risk
Chassang, Sylvain - 2010
We examine the mechanics of deterrence and intervention when fear is a motive for conflict. We contrast results obtained in a complete information setting, where coordination is easy, to those obtained in a setting with strategic risk, where players have different assessments of their...
Persistent link: https://www.econbiz.de/10012759352
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Financial Crises and Political Crises
Chang, Roberto - 2010
This paper is an analysis of the simultaneous determination of financial default and political crises and its consequences. It focuses on a small open economy that faces a debt default decision. Crucially, this decision is made by a government that has superior information than the public about...
Persistent link: https://www.econbiz.de/10012761899