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Are optimistic expectations keeping the Chinese happy?

Frijters, Paul; Liu, Amy Y.C.; Meng, Xin - In: Journal of Economic Behavior & Organization 81 (2012) 1, pp. 159-171

In this paper we study the effect of optimistic income expectations on life satisfaction amongst the Chinese population … strong in the countryside and amongst rural-to-urban migrants. The importance of these expectations for life satisfaction is … particularly pronounced in the urban areas, though also highly significant for the rural area. If expectations were to reverse from …

Persistent link: https://www.econbiz.de/10010597452

Vicious and Virtuous Circles - The Political Economy of Unemployment in Interwar UK and USA

Matthews, Kent; Minford, Patrick; Naraidoo, Ruthira - C.E.P.R. Discussion Papers - 2008

This paper develops a political economy model of multiple unemployment equilibria to provide a theory of an endogenous natural rate of unemployment. This model is applied to the UK and the US interwar period which is remembered as the decade of mass unemployment. The theory here sees the natural...

Persistent link: https://www.econbiz.de/10005791549

A view from behavioral political economy on China's institutional change

Zhang, Yongjing - In: China Economic Review 23 (2012) 4, pp. 991-1002

A behavioral political economy framework is built on the basis of prospect theory to explain the induced and imposed institutional changes during China's market reform, giving special attention to the integrated effects of economic and political institutions. According to prospect theory, how...

Persistent link: https://www.econbiz.de/10011065786

Dryland Pastoral Systems in Transition: What are the Options for Institutional Change in Uzbekistan?

Shaumarov, Makhmud; Birner, Regina - Gesellschaft für Wirtschafts- und Sozialwissenschaften … - 2013

Within the last two decades, 40% of rangelands in Uzbekistan have been taken out of use due to non-functioning water facilities and pasture degradation. A retrospective study of rangeland production system development in the former Soviet Union (FSU) shows that the pasture land was used more...

Persistent link: https://www.econbiz.de/10010880025

Evaluating the 1996 EU food aid reform: Did it really lead to better targeting?

Maas, Sarah - International Association of Agricultural Economists - IAAE - 2009

The paper analyses the 1996 EU food aid reform and addresses the question of its impact on improving EU food aid allocation in terms of reaching those countries which are most vulnerable to food insecurity. Using a two-stage regression model the analysis finds that EU food aid in kind is...

Persistent link: https://www.econbiz.de/10010880127

The Political Economy of Rural Property Rights and the Persistence of the Dual Economy

Fergusson, Leopoldo - Facultad de Economía, Universidad de los Andes - 2012

If property rights in land are so beneficial, why are they not adopted more widely? I propose a theory based on the idea that limited property rights over peasants' plots may be supported by elite landowners (who depend on peasants for labour) to achieve two goals. First, like other distortions...

Persistent link: https://www.econbiz.de/10010880418

Existence of Equilibria in Lobbying Economics

Coggins, Jay S.; Graham-Tomasi, Theodore; Roe, Terry L. - Department of Applied Economics, College of … - 1988

Governments often establish economic policy in response to political pressure by interest groups. Since these groups' political activities may alter prices, economies so affected cannot be characterized by perfect competition. We develop a model of a "lobbying economy" in which consumers' choice...

Persistent link: https://www.econbiz.de/10005220742

The Political Economy of International Development and Pro-Poor Livestock Policies: A Comparative Assessment

Leonard, David K. - Food and Agriculture Organization (FAO), United Nations - 2004

Peasant livestock producers are particularly disadvantaged internationally and within their national systems because their political participation tends to be mediated through patron-client ties. The consequence is that poor producers most often trade their collective interests for very modest...

Persistent link: https://www.econbiz.de/10005804950

On the Welfare Consequences of Political Activity

Coggins, Jay S. - Department of Applied Economics, College of … - 1989

When economic actors are also allowed to become politically active, perhaps to influence a government price policy, they face decision problems with essentially simultaneous political and economic features. If, in addition, two groups struggle to pull the administered price level in opposite...

Persistent link: https://www.econbiz.de/10005493520

Optimal Prudential Regulation of Banks and the Political Economy of Supervision

Tressel, Thierry; Verdier, Thierry - International Monetary Fund (IMF) - 2014

We consider a moral hazard economy in banks and production to study how incentives for risk taking are affected by the quality of supervision. We show that low interest rates may generate excessive risk taking. Because of a pecuniary externality, the market equilibrium may not be optimal and...

Persistent link: https://www.econbiz.de/10010790384

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