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Politics and Economics in Weak and Strong States
Acemoglu, Daron - 2021
regulate the economy and to withstand the political and social challenges from non-state actors. I construct a model in which … the state apparatus is controlled by a self-interested ruler, who tries to divert resources for his own consumption, but … who can also invest in socially productive public goods. Both weak and strong states create distortions. When the state is …
Persistent link: https://www.econbiz.de/10013231869
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Constitutions, Politics and Economics : A Review Essay on Persson and Tabellini'S "the Economic Effect of Constitutions"
Acemoglu, Daron - 2021
In this essay I review the new book by Torsten Persson and Guido Tabellini, The Economic Effects of Constitutions, which investigates the policy and economic consequences of different forms of government and electoral rules. I also take advantage of this opportunity to discuss the advantages and...
Persistent link: https://www.econbiz.de/10013212917
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Redistributive Public Employment
Alesina, Alberto F.; Easterly, William; Baqir, Reza - 2021
Politicians may use disguised' redistributive policies in order to circumvent opposition to explicit tax-transfer schemes. First, we present a theoretical model that formalizes this hypothesis; then we provide evidence that in US cities, politicians use public employment as such a redistributive...
Persistent link: https://www.econbiz.de/10013224320
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Unequal Societies
Bénabou, Roland - 2021
This paper aims to explain the significant variations in the social contract observed across nations. It shows how countries with similar technologies and preferences, as well as equally democratic political systems, can sustain very different average and marginal tax rates. Similarly, it...
Persistent link: https://www.econbiz.de/10013210599
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The Welfare State and Migration : A Dynamic Analysis of Political Coalitions
Razin, Assaf - 2015
We develop a dynamic political-economic theory of welfare state and immigration policies, featuring three distinct … characterizes the evolution of the political coalitions that implement welfare state and migration policies …
Persistent link: https://www.econbiz.de/10013031031
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Chasing the Smokestack : Strategic Policymaking with Multiple Instruments
Fredriksson, Per G.; List, John A.; Millimet, Daniel L. - 2021
state-level panel data over the period 1977-1994. The results suggest that important cross-policy strategic interactions …
Persistent link: https://www.econbiz.de/10013233438
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A Positive Model of Growth and Pollution Controls
Jones, Larry; Manuelli, Rody - 2021
The most recent addition to the economics of gloom concerns the interplay between income and environmental degradation. The main question raised is whether or not continued environmental degradation is a necessary part of the process of industrialization. Will pollution continue to increase...
Persistent link: https://www.econbiz.de/10013237939
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The Supply of Environmentalism
Glaeser, Edward L. - 2013
Long before economics turned to psychology, environmentalists were nudging and framing and pushing their cause like highly gifted amateur psychologists. Their interventions seem to have changed behavior by altering beliefs, norms and preferences, but because psychological interventions are often...
Persistent link: https://www.econbiz.de/10013077217
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Political Instability, Political Weakness and Inflation : An Empirical Analysis
Edwards, Sebastian; Tabellini, Guido - 2021
In this paper we analyze empirically the most important implications of two family political economy models of inflation: the "myopic? government approach and the "weak" government approach. In myopic government models inflation is the deliberate outcome of politicians strategic behavior, while...
Persistent link: https://www.econbiz.de/10013244087
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In Search of the Holy Grail : Policy Convergence, Experimentation, and Economic Performance
Mukand, Sharun; Rodrik, Dani - 2021
We consider a model of policy choice in which appropriate policies depend on a country's own circumstances, but the presence of a successful leader generates an informational externality and results in too little 'policy experimentation.' Corrupt governments are reined in while honest...
Persistent link: https://www.econbiz.de/10013310806