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What determines citizens satisfaction with the constitution in operation ? We make two contributions towards an answer to this important policy question. First, we place stronger emphasis than existing studies on quantitative interpretations of the importance of different factors. We use...
Persistent link: https://www.econbiz.de/10011507684
This paper describes the privatization program in Italy during the 1990s and puts that policy in the context of macroeconomic adjustment, general market deregulation, and promotion of private investment in the provision of public infrastructure. The wave of state divestitures reached Italy later...
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There is a widespread consensus among the most important players in developed countries (voters, politicians, producers, traditional and green interest groups and bureaucracies) that a shift towards an eco-social market economy is essential for sustainable growth. Nevertheless, market-based...
Persistent link: https://www.econbiz.de/10008699051
economies. The framework developed predicts a negative relationship between the degree of direct democracy and the size of the … quantitatively important; the results are robust and also depend on the interaction of direct democracy with other political …
Persistent link: https://www.econbiz.de/10009503812
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development of shadow economies. Our model suggests that, as the extent of direct democracy increases, implemented fiscal policies … theory implies a negative relationship between the extent of direct democracy and the size of the country's shadow economy …. We also theorize that direct democracy has a greater effect in reducing the informal sector when the former is at low or …
Persistent link: https://www.econbiz.de/10010193309