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I investigate how political uncertainty influences corporate investment decisions employinga unique panel dataset of German manufacturing firms. I use data on firms’ self-reportedinvestment realizations, plans and revisions. The firm-specific user cost of capital capturesthe current...
Persistent link: https://www.econbiz.de/10011586862
firm owners are optimistic regarding their expected business development before state elections. After state elections … optimistic prior to state elections because politicians promised individual policies to gratify the firms’ needs during election … times. Firms might be disappointed after elections as the promises made during election campaigns by politicians turn out to …
Persistent link: https://www.econbiz.de/10011586867
We examine whether local inconsistencies in the counting of votes influence voting behavior. We exploit the case of the … voting declined significantly in scandal districts. Quite the contrary, voter turnout and postal voting increased slightly by …
Persistent link: https://www.econbiz.de/10011956679
than in other years, indicating that perceived corruption in the public sector increased before elections. The effect is … especially pronounced before early elections (1.0 points) compared to regular elections (0.4 points). Future research needs to … investigate why perceived corruption in the public sector increased before elections. …
Persistent link: https://www.econbiz.de/10011956680
is not mirrored in national elections, indicating that voters do not extend their frustration to a higher level. The … decline in voter turnout in state elections is rather short-living. This suggests that while voters may initially react to …
Persistent link: https://www.econbiz.de/10014554621
The existing literature has shown that special interest groups can have both growthenhancing and retarding effects on an economy. In either case it is always assumed thatthe nature of the special interest groups remains constant over time. The hypothesis ofthis paper is that a dynamic...
Persistent link: https://www.econbiz.de/10010312082
several other Western countries. We estimate the impact of immigration on voting for far-left and far-right parties in France …, using panel data on presidential elections from 1988 to 2012. To derive causal estimates, we instrument more recent … no robust effect on far-left voting. The increased support for far-right candidates is driven by low-skilled immigrants …
Persistent link: https://www.econbiz.de/10011815666
engaged in creativeaccounting before regular elections so as to sugarcoat the budget balance. I also providean overview of …
Persistent link: https://www.econbiz.de/10011388141
discipline their representatives through referenda that countered the results of voting by political representatives. …
Persistent link: https://www.econbiz.de/10010323037
Deutschland wurde bereits zweimal, 1966–1969 und 2005–2009, von einer großen Koalition regiert. Deskriptive Zeitreihenanalysen wirtschaftspolitischer Kennzahlen zeigen nicht auf, dass es unter diesen großen Koalitionen signifikante Kurswechsel in der Wirtschaftspolitik gab. Qualitative...
Persistent link: https://www.econbiz.de/10010352200