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The Political Economy of the U.S. Mortgage Default Crisis
Mian, Atif - 2008
We examine the determinants of congressional voting behavior on two of the most significant pieces of federal legislation in U.S. economic history: the American Housing Rescue and Foreclosure Prevention Act of 2008 and the Emergency Economic Stabilization Act of 2008. We find evidence that...
Persistent link: https://www.econbiz.de/10012464179
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The Evolution of Suffrage Institutions in the New World
Engerman, Stanley L. - 2001
Most analysis of how the distribution of political power affects the patterns of growth has been confined to the late-twentieth century. One problem associated with a focus on the modern record is that processes that take place over the long run are not examined. We may all agree that...
Persistent link: https://www.econbiz.de/10012470206
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Industrial Policy and the Great Divergence
Juhász, Réka; Steinwender, Claudia - National Bureau of Economic Research - 2023
We discuss recent work evaluating the role of the government in shaping the economy during the long 19th century, a practice we refer to as industrial policy. We show that states deployed a vast variety of different policies aimed at, primarily, but not exclusively, fostering industrialization....
Persistent link: https://www.econbiz.de/10014372493
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Lobbying Behind the Frontier
Bombardini, Matilde; Cutinelli-Rendina, Olimpia; … - National Bureau of Economic Research - 2021
competition in U.S. industries. Lobbying expenditures increase as a consequence of import changes related to the China shock. The … effect on lobbying is not homogeneous across firms and it concentrates particularly in those producers which are behind the … technological frontier. We discuss theoretical mechanisms driving lobbying of firms away from the technological frontier: not only …
Persistent link: https://www.econbiz.de/10012616568
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Optimal Tariffs and Trade Policy Formation : U.S. Evidence from the Smoot-Hawley Era
Irwin, Douglas A.; Soderbery, Anson - National Bureau of Economic Research - 2021
well as industry lobbying data. We find that tariff levels are largely determined by firm lobbies, but about about 5 …
Persistent link: https://www.econbiz.de/10012599405
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Economic Interests, Worldviews, and Identities : Theory and Evidence on Ideational Politics
Ash, Elliott; Mukand, Sharun W.; Rodrik, Dani - National Bureau of Economic Research - 2021
We distinguish between ideational and interest-based appeals to voters on the supply side of politics, and integrate the Keynes-Hayek perspective on the importance of ideas with the Stigler-Becker approach emphasizing vested interests. In our model, political entrepreneurs discover identity and...
Persistent link: https://www.econbiz.de/10012696383
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Lobbying Physicians : Payments from Industry and Hospital Procurement of Medical Devices
Bergman, Alon; Grennan, Matthew; Swanson, Ashley - National Bureau of Economic Research - 2021
We draw upon newly merged administrative data sets to study the relationship between payments from medical technology firms to physicians and medical device procurement by hospitals. These payments (and the interactions that accompany them) may facilitate the transfer of valuable information to...
Persistent link: https://www.econbiz.de/10012794611
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Land and Credit : A Study of the Political Economy of Banking in the United States in the Early 20th Century
Rajan, Raghuram G. - 2009
Economists have argued that a high concentration of land holdings in a country can create powerful interest groups that retard the creation of economic institutions, and thus hold back economic development. Could these arguments apply beyond underdeveloped countries with backward political...
Persistent link: https://www.econbiz.de/10012463566
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Hiring Cheerleaders : Board Appointments of "Independent" Directors
Cohen, Lauren - 2008
We provide evidence that firms appoint independent directors who are overly sympathetic to management, while still technically independent according to regulatory definitions. We explore a subset of independent directors for whom we have detailed, micro-level data on their views regarding the...
Persistent link: https://www.econbiz.de/10012464420
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Foreign Lobbies and US Trade Policy
Gawande, Kishore - 2004
In popular discussion much has been made recently of the susceptibility of government policies to lobbying by … fact be harmful: If the policy outcome absent any lobbying by foreigners is characterized by welfare-reducing trade … barriers, lobbying by foreigners may result in reductions in such barriers and raise consumer surplus (and possibly improve …
Persistent link: https://www.econbiz.de/10012468489