Showing 1 - 10 of 530
Over the last two centuries, many countries experienced regime transitions toward democracy. We document this … democratic transition over a long time horizon. We use historical time series of income, education and democracy levels from 1870 … to 2000 to explore the economic factors associated with rising levels of democracy. We find that primary schooling, and …
Persistent link: https://www.econbiz.de/10013120286
We provide evidence that a history of democracy at the local level is associated with contemporary democracy at the … national level. Auxiliary estimates show that a tradition of local democracy is also associated with attitudes that favor … democracy, with better quality institutions, and higher level of economic development …
Persistent link: https://www.econbiz.de/10013088393
This paper examines to what extent agency rulemaking is democratic. It reviews theories of administrative rulemaking in light of two normative benchmarks: a “democratic” benchmark based on voter preferences, and a “republican” benchmark based on the preferences of elected...
Persistent link: https://www.econbiz.de/10013011085
We study trends in income inequality across U.S. states and counties 1960-2019 using a mix of administrative and survey data sources. Both states and counties have diverged in terms of per-capita pre-tax incomes since the late 1990s, with transfers serving to dampen this divergence. County...
Persistent link: https://www.econbiz.de/10014089530
representative democracy. The basic association, however, is conditioned on the relative strength of the indigenous groups within a … Europe a positive impulse towards the development of representative democracy. It shows that contemporary regimes are shaped …
Persistent link: https://www.econbiz.de/10013022172
In this paper we revisit the relationship between democracy, redistribution and inequality. We first explain the … theoretical reasons why democracy is expected to increase redistribution and reduce inequality, and why this expectation may fail … to be realized when democracy is captured by the richer segments of the population; when it caters to the preferences of …
Persistent link: https://www.econbiz.de/10013071520
This paper assesses if voting for democracy affects long-term electoral participation. We study the effects of … participating in Chile's 1988 plebiscite, which determined whether democracy would be reinstated after a 15-year long military … argue that the plebiscite contributed to the emergence of one party rule the twenty years following democratization …
Persistent link: https://www.econbiz.de/10013324662
At a time of historic challenges to the viability of the Eurozone, we assess the contribution of the EU and the Euro to equity market integration in Europe. We use a simple and essentially model free measure of bilateral market segmentation: two countries are segmented if there is a wide...
Persistent link: https://www.econbiz.de/10013135396
This paper explores price differences in the European Union (EU) pharmaceutical market, the EU's fifth largest industry. With the aim of enhancing quality of life along with industry competitiveness and R&D capability, many EU directives have been adopted to achieve a single EU-wide...
Persistent link: https://www.econbiz.de/10013139285
The creation of the euro should now be recognized as an experiment that has led to the sovereign debt crisis in several countries, the fragile condition of major European banks, the high levels of unemployment, and the large trade deficits that now exist in most Eurozone countries. Although the...
Persistent link: https://www.econbiz.de/10013118129