Showing 1 - 10 of 551
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/10012456501
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/10012461056
wealth tends to undermine democracy. Given high oil prices, some observers see the country as virtually condemned to …
Persistent link: https://www.econbiz.de/10012462985
. However, the introduction of elections and other early trappings of democracy often has the perverse effect of exacerbating … democracy and capitalism--is to move to a governance structure based on impersonal rules that apply in the same way to everyone …
Persistent link: https://www.econbiz.de/10015072872
which democracy and media freedom have been eroded in Türkiye and their usefulness in dealing with natural disasters and … democracy and media freedom have significant effects on beliefs and increase the likelihood of voting for the opposition by … misperceived beliefs about democracy and media freedom in Türkiye. The evidence suggests that at least part of the support for …
Persistent link: https://www.econbiz.de/10015094860
Building on Baker, Bloom and Davis (2016), I construct a monthly index of Global Economic Policy Uncertainty (GEPU) from January 1997. The GEPU Index is a GDP-weighted average of national EPU indices for 16 countries that account for two-thirds of global output. Each national EPU index reflects...
Persistent link: https://www.econbiz.de/10012455940
I examine the role of political instability as a potential explanation for the lack of capital flows from rich countries to poor countries (i.e. the `Lucas Paradox'). Using panel data from 1984 to 2014, I document the following: (i) developed countries exhibit larger inflows of foreign direct...
Persistent link: https://www.econbiz.de/10012455975
I analyze how partisan conflict about trade policy affects foreign direct investment flows to the US using a novel indicator, the Trade Partisan Conflict Index (TPCI). Partisan conflict is relevant for the evolution of cross-border capital flows because the expected returns on investment...
Persistent link: https://www.econbiz.de/10012456340
Economic policy uncertainty affects decisions of households, businesses, policy makers and Financial intermediaries. We first examine the impact of economic policy uncertainty on aggregate bank credit growth. Then we analyze commercial bank entity level data to gauge the effects of policy...
Persistent link: https://www.econbiz.de/10012456652
Countries choose different strategies when responding to crises. An important challenge in assessing the impact of these policies is selection bias with respect to relatively time-invariant country characteristics, as well as time-varying values of outcome variables and other policy choices....
Persistent link: https://www.econbiz.de/10012457679