Showing 1 - 10 of 59
politicians stick to the manifesto of their party. The current paper provides a theoretical explanation for this phenomenonthat … does not assume politicians or voters to be ideologists. I explore an environment where both voters and politicians always …
Persistent link: https://www.econbiz.de/10005861039
This paper argues that corruption patterns are endogenous to political structures. Thus, corruption can be systemic and planned rather than decentralized and coincidental. In an economic system without law or property rights, a kleptocratic state may arise as a predatory hierarchy from a state...
Persistent link: https://www.econbiz.de/10005842922
wirft auf die öffentliche Verwaltung der Zentralbanken. Erstens Williamson's Theorie der "Governance als Unversehrtheit …" (Rechtschaffenheit) ist die interne Verwaltung der Zentralbanken angewendet. Moe's Theorie der "öffentlichen Bürokratie" ist das Konzept … der Unabhängigkeit der Zentralbank angewandt. Zweitens wenden wir Agency-Theorie, die... …
Persistent link: https://www.econbiz.de/10005870975
Woman surage led to the greatest enfranchisement in the history of the United States.Before World War I, however, surage states remained almost exclusively conned to theAmerican West. The reasons for this pioneering role of the West are still unclear. Studyingthe timing of woman surage adoption...
Persistent link: https://www.econbiz.de/10008939786
Recent research has demonstrated that while government expenditures are countercyclical inmost industrialized countries, they tend to be procyclical in developing countries. We develop adynamic political economy model to explain this phenomenon. In the model, public expendituresprovide insurance...
Persistent link: https://www.econbiz.de/10008939830
policymaking in times of crisis. In this paper we presentan alternative view. When agents are heterogeneous in their ideology and …
Persistent link: https://www.econbiz.de/10008939832
The aim of the paper is to study the relation between the demand for human rights and foreconomic prosperity. It analyzes the demand not, as it is often done in the literature, from the“voice” perspective (political activity), but rather looks at the “exit” perspective...
Persistent link: https://www.econbiz.de/10009005032
This paper introduces a democratic voting process into an OLG economyin order to analyze the effects of a rising old-age dependency ratio on the composition ofgovernment spending and endogenous economic growth. Forward-looking agents vote eachperiod on the public policy mix between productive...
Persistent link: https://www.econbiz.de/10009248987
The determinants of government responsiveness to its citizens is a key issue in politicaleconomy. Here, we develop a model based on the solution of political agency problems.Having a more informed and politically active electorate strengthens incentives for governmentsto be responsive. This...
Persistent link: https://www.econbiz.de/10009305057
We discuss political economy mechanisms which can explain the resource curse,in which an increase in the size of resource rents causes a decrease in the economy’stotal value added. We identify a number of channels through which resource rentswill alter the incentives of a political leader....
Persistent link: https://www.econbiz.de/10009305061