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In this paper, I summarize the results of empirical studies in the areas of schooling and health, public programs and infant mortality, and government regulation of teenage smoking. My review is selective and is based on my own research. It is neutral with respect to the question of whether the...
Persistent link: https://www.econbiz.de/10012478333
This paper develops a simple theoretical framework to study a set of regions, each with its own regional government, who share a union or central government. These governments must decide whether to implement or discard a large number of projects that produce local benefits for the region that...
Persistent link: https://www.econbiz.de/10012480087
What are the incentives faced by local officials in China? Without democratic institutions, there is no mechanism for local residents to exercise "voice". Given the hukou registration system, local residents have little opportunity to threaten "exit" if they are unhappy with local taxes and...
Persistent link: https://www.econbiz.de/10012461963
. Our key innovation is to use changes in congressional committee chairmanship as a source of exogenous variation in state …
Persistent link: https://www.econbiz.de/10012462813
Standard models of hierarchy assume that agents and middle managers are better informed than principals about how to implement a particular task. We estimate the value of the informational advantage held by supervisors (middle managers) when ministerial leadership (the principal) introduced a...
Persistent link: https://www.econbiz.de/10012452842
decrease child mortality in sub-Saharan Africa. There is, however, widespread concern that poor governance and in particular …
Persistent link: https://www.econbiz.de/10012457343
Is greater trading liquidity good or bad for corporate governance? We address this question both theoretically and … information concerns her own plans for taking an active role in governance. We show that an increase in the liquidity of the firm … governance. Empirical tests using three distinct sources of exogenous variation in liquidity confirm the negative relation …
Persistent link: https://www.econbiz.de/10012458993
interest payments after the call date. We find that municipalities in states with poor governance generally destroy the most …
Persistent link: https://www.econbiz.de/10012459203
We show that isolated capital cities are robustly associated with greater levels of corruption across US states, in line with the view that this isolation reduces accountability, and in contrast with the alternative hypothesis that it might forestall political capture. We then provide direct...
Persistent link: https://www.econbiz.de/10012459635
This paper examines the post-war strategies of Liberia and Sierra Leone to generate revenues from their natural resources. We document the challenges faced by the government of the two countries, contrasting measures taken to address these challenges as well as the outcomes. We complement the...
Persistent link: https://www.econbiz.de/10012460121