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government policy presents some degree of inertia, i.e. a new government cannot completely change the policy implemented by the … incumbent. When the policy inertia is strong enough, no party can win the election a consecutive infinite number of times. …
Persistent link: https://www.econbiz.de/10010312370
We show how introducing a time discount factor can strengthen some results given in [Soubeyran R. (2006) "When Inertia …
Persistent link: https://www.econbiz.de/10005094888
We analyze the impact of a rise in protectionism on environmental regulation. Using the 2018 US-China trade war as a quasi-natural experiment, we find that higher exposure to tariffs leads to less stringent regulation targets in China, increasing air pollution and carbon emissions. Politically...
Persistent link: https://www.econbiz.de/10014540336
This paper aims to shed additional light on the existence of opportunistic and partisan political-business cycles in the Brazilian economy over the 1996-2016 period. To that end, it relies on two different approaches: (I) an Oaxaca model in the spirit of Blinder and Watson (2016); and (II) a...
Persistent link: https://www.econbiz.de/10013205143
This paper examines the evolution of public policies before the scheduled political elections based on the government responses to the Covid pandemic. The results of an event study in a sample of countries that experienced political elections during the first year of the pandemic suggest that...
Persistent link: https://www.econbiz.de/10014377518
This paper aims to shed additional light on the existence of opportunistic and partisan political-business cycles in the Brazilian economy over the 1996-2016 period. To that end, it relies on two different approaches: (I) an Oaxaca model in the spirit of Blinder and Watson (2016); and (II) a...
Persistent link: https://www.econbiz.de/10012818003
We analyze the impact of a rise in protectionism on environmental regulation. Using the 2018 US-China trade war as a quasi-natural experiment, we find that higher exposure to tariffs leads to less stringent regulation targets in China, increasing air pollution and carbon emissions. Politically...
Persistent link: https://www.econbiz.de/10014414143
This paper examines the evolution of public policies before the scheduled political elections based on the government responses to the Covid pandemic. The results of an event study in a sample of countries that experienced political elections during the first year of the pandemic suggest that...
Persistent link: https://www.econbiz.de/10014310050
In order to guarantee a further successful functioning of the enlarged European Union a Federal European Constitution is proposed. Six basic elements of a future European federal constitution are developed: the European commission should be turned into an European government and the European...
Persistent link: https://www.econbiz.de/10010300194
This paper analyzes a novel data set on all corporate political donations made in a post-transition country, the Czech Republic, between 1995 and 2014. Using these donations as a proxy for political connections, I assess the relationship between being connected to a political party and the...
Persistent link: https://www.econbiz.de/10012063458