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This study contains further evidence on the economic effects of direct democratic institutions. A first study found that countries with national initiatives have higher government expenditure and are characterized by more rent-seeking activity, that the effects of direct democratic institutions...
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This paper is based on the conjecture that institutional details matter and that attempts to estimate the economic effects of federalism by drawing on a simple dummy variable neglect potentially important institutional details. Based on a principal component analysis, seven aspects of both...
Persistent link: https://www.econbiz.de/10005209054
There are three positions concerning the economic effects of human rights discussed among economists. Some economists argue that only property rights matter for economic growth and basic human rights can even make the legal system less efficient. Others argue that negative rights are generally...
Persistent link: https://www.econbiz.de/10005217514
This is the first study that assesses the economic effects of direct democratic institutions on a cross country basis. Most of the results of the former intra-country studies could be confirmed. On the basis of some 30 countries, a higher degree of direct democracy leads to lower total...
Persistent link: https://www.econbiz.de/10005086888
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/10005013947
Most German states amended their local constitutions during the 1990s and now allow for the direct election of mayors, initiatives and référendums, and vote aggregation, as well as vote splitting. In this paper, it is asked whether these reforms had any effects on local fiscal policies. It is...
Persistent link: https://www.econbiz.de/10009294480
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