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interests of politicians? This paper explores these two questions in the context of Mongolia. It argues that Mongolian members … and to under-spend on large infrastructure that would bring economic benefits to Mongolia on the whole. The incentive for … nature of Mongolia's society and polity. Anticipating this risk, members of parliament are reluctant to fund these projects …
Persistent link: https://www.econbiz.de/10011394956
Persistent link: https://www.econbiz.de/10009387308
interests of politicians? This paper explores these two questions in the context of Mongolia. It argues that Mongolian members … and to under-spend on large infrastructure that would bring economic benefits to Mongolia on the whole. The incentive for … nature of Mongolia's society and polity. Anticipating this risk, members of parliament are reluctant to fund these projects …
Persistent link: https://www.econbiz.de/10012551162
Persistent link: https://www.econbiz.de/10009732032
Public investment spending declined steadily in advanced economies during the last three decades. Germany is a case in point where the aggregate decline coincided with growing inequality in investments across districts. What explains variation in local investment spending? We assembled a novel...
Persistent link: https://www.econbiz.de/10012549734
Public investment spending declined steadily in advanced economies during the last three decades. Germany is a case in point where the aggregate decline coincided with growing inequality in investments across districts. What explains the variation in local investment spending? We assembled a...
Persistent link: https://www.econbiz.de/10014318830
We identify exogenous variation in incumbent policymakers' re-election probabilities and explore empirically how this variation affects the incumbents' investment in physical capital. Our results indicate that a higher re-election probability leads to higher investments, particularly in the...
Persistent link: https://www.econbiz.de/10003861777
We identify exogenous variation in incumbent policymakers' re-election probabilities and explore empirically how this variation affects the incumbents' investment in physical capital. Our results indicate that a higher re-election probability leads to higher investments, particularly in the...
Persistent link: https://www.econbiz.de/10003865846
Persistent link: https://www.econbiz.de/10003404640
Persistent link: https://www.econbiz.de/10003404645