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Determinants of constitutional change: Why do countries change their form of governments?
Hayo, Bernd; Voigt, Stefan - 2010
A country's form of government has important economic and political consequences, but the determinants that lead countries to choose either parliamentary or presidential systems are largely unexplored. This paper studies this choice by analyzing the factors that make countries switch from...
Persistent link: https://www.econbiz.de/10010270500
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Labour's law?
Jahn, Elke J.; Wagner, Thomas - 2001
Autonomie des Rechtssystems und der Gewaltenteilung eines Landes bestimmt, speziell von seiner Zugehörigkeit zur Familie des …
Persistent link: https://www.econbiz.de/10010299224
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Endogenous constitutions: Politics and politicians matter, economic outcomes don't
Hayo, Bernd; Voigt, Stefan - 2010
model estimated over the period 1951-2000 for 146 countries, we find that such changes in the constitution can be explained …
Persistent link: https://www.econbiz.de/10010286373
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Determinants of constitutional change: Why do countries change their form of government?
Hayo, Bernd; Voigt, Stefan - 2010
A country's form of government has important economic and political consequences, but the determinants that lead societies to choose either parliamentary or presidential systems are largely unexplored. This paper studies this choice by analyzing the factors that make countries switch from...
Persistent link: https://www.econbiz.de/10010286401
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Political and Judicial Checks on Corruption: Evidence from American State Governments
Alt, James E.; Dreyer Lassen, David - 2005
The paper investigates the effects of checks and balances on corruption. Within a presidential system, effective separation of powers is achieved under divided government, with the executive and legislative branches being controlled by different political parties. When government is unified, no...
Persistent link: https://www.econbiz.de/10010320920
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Mapping constitutionally safeguarded judicial independence: A global survey
Hayo, Bernd; Voigt, Stefan - 2010
explicitly anchoring JI in the constitution: countries belonging to the common law tradition are less likely to implement JI in … whether JI is included in the constitution: societies experiencing a high level of religious fractionalization are not only … lower likelihood of JI being mentioned in the constitution. …
Persistent link: https://www.econbiz.de/10010286411
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Constitutions and central-bank independence: An objection to McCallum's second fallacy
Giordani, Paolo; Spagnolo, Giancarlo - 2001
Most of the literature on monetary policy delegation assumes that the government can credibly commit to the delegation contract, an assumption criticized by McCallum. This paper provides foundations for the assumption that renegotiating a delegation contract can be costly by illustrating how...
Persistent link: https://www.econbiz.de/10010281363
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The economic effects of federalism and decentralization : a cross-country assessment
Voigt, Stefan; Blume, Lorenz - 2009
This paper explores the idea that institutional details matter and that attempts to estimate the economic effects of federalism by employing a simple dummy variable neglect potentially important institutional details. Based on a principal component analysis, seven aspects of both federalism and...
Persistent link: https://www.econbiz.de/10010271861
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Why Brennan and Buchanan are wrong (after all)
Apolte, Thomas - 2007
In their book The Power to Tax, Brennan and Buchanan have pointed to a central weakness of the traditional theory of public finance and especially of the theory of optimal taxation: This approach overlooked the problem of governmental power and the tendency of this power to be abused. It was...
Persistent link: https://www.econbiz.de/10010298416
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An enabling mechanism for the creation, adjustment, and dissolution of states and governmental units
Hausken, Kjell; Knutsen, John F. - In: Economics: The Open-Access, Open-Assessment E-Journal 4 (2010) 2010-32, pp. 1-38
The article proposes an enabling mechanism for the creation, adjustment and dissolution of governmental units, giving autonomy to each individual as in a direct democracy. The mechanism is designed such that Pareto optimality is possible, in contrast to earlier models which make various...
Persistent link: https://www.econbiz.de/10010302703