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allowing us to address new questions regarding their interplay and effect on cooperation levels. In stark contrast to standard … repeated public good games regarding the decay of cooperation in the absence of punishment. …
Persistent link: https://www.econbiz.de/10010409781
In this paper, we analyze the consequences of delays and cost overruns typically associated with the provision of public infrastructure in the context of a growing economy. Our results indicate that uncertainty about the arrival of public capital can more than offset its positive spillovers for...
Persistent link: https://www.econbiz.de/10011602807
We provide a comprehensive survey of the recent literature on the link between productive government expenditure and economic growth. Starting with the seminal paper of Robert Barro (1990) we show that an understanding of the core results of the ensuing contributions can be gained from the study...
Persistent link: https://www.econbiz.de/10013316522
the empirical evidence. (1) Contrary to the litany that everyone favors reforms, we find that voting for strong reform …
Persistent link: https://www.econbiz.de/10011568721
We show that federalism will lead to higher economic growth. We present a model of endogenous growth where government services, funded by income and capital taxes, are a component of production. In this model a decentralized government will choose tax policy to maximize economic growth, while a...
Persistent link: https://www.econbiz.de/10012734002
We develop a theory of second best policy myopia. Policy myopia arises when rational voters allow politicians to bias …
Persistent link: https://www.econbiz.de/10014063184
This paper reconsiders the political economy approach to growth and distribution according to which (1) rising inequality induces more government redistribution; (2) more government redistribution is financed by higher distortionary taxation; and (3) higher distortionary taxes reduce economic...
Persistent link: https://www.econbiz.de/10010486797
politicians, both with theory and data. The theory is based on a version of the career concerns model of political agency with … implications of the theory and identify the causal effect of larger federal transfers on political corruption and the observed … features of political candidates at the municipal level. In accordance with the predictions of the theory, we find that larger …
Persistent link: https://www.econbiz.de/10013148349
We study the determinants of voting outcomes on the provision of public consumption through marginal income taxes in …
Persistent link: https://www.econbiz.de/10014073361
In dieser Dissertation wird die Wechselwirkung zwischen der Wirtschaft und den Wahlen, Politikern und Politik untersucht. Um die Wähler über die Folgen ihrer Wahlentscheidung zu informieren, ist das Verständnis der Dreiecksbeziehung zwischen der Wirtschaft, den politischen Akteuren und den...
Persistent link: https://www.econbiz.de/10014327360