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Do re-election probabilities influence public investment?
Fiva, Jon H.; Natvik, Gisle James - 2009
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 … capital. Key for the consistency between data and theory is to account for complementarity between physical capital and flow …
Persistent link: https://www.econbiz.de/10003865846
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Do Re-Election Probabilities Influence Public Investment?
Fiva, Jon H. - 2009
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 … capital. Key for the consistency between data and theory is to account for complementarity between physical capital and flow …
Persistent link: https://www.econbiz.de/10013157849
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Do re-election probabilities influence public investment?
Fiva, Jon H.; Natvik, Gisle James - 2009
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 … capital. Key for the consistency between data and theory is to account for complementarity between physical capital and flow …
Persistent link: https://www.econbiz.de/10010265969
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Do re-election probabilities influence public investment?
Fiva, Jon H.; Natvik, Gisle James - 2009
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 … capital. Key for the consistency between data and theory is to account for complementarity between physical capital and flow …
Persistent link: https://www.econbiz.de/10010285577
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Do re-election probabilities influence public investment?
Fiva, Jon H.; Natvik, Gisle James - 2010
Persistent link: https://www.econbiz.de/10003920115
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Do re-election probabilities influence public investment?
Fiva, Jon H.; Natvik, Gisle James - 2009
Persistent link: https://www.econbiz.de/10008909878
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Do re-election probabilities influence public investment?
Fiva, Jon H.; Natvik, Gisle James - In: Public choice 157 (2013) 1/2, pp. 305-331
Persistent link: https://www.econbiz.de/10010192400
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Political electoral cycles and public investments in Brasil
Orair, Rodrigo Octávio; Gouvêa, Raphael Rocha; Leal, … - 2014
This paper provides new evidence for the empirical literature that investigates the presence of political cycles in fiscal policy and, more precisely, public investments in Brazil. The approach differs from most of the studies for applying the state-space modeling. The greatest benefit is to...
Persistent link: https://www.econbiz.de/10010406330
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Optimal public investment in resource-rich low-income countries
Algozhina, Aliya - 2020
Recent studies have found that resource-rich low-income countries are better off investing their resource revenues domestically rather than saving them abroad in a sovereign wealth fund (SWF). This paper finds an optimal rule-based policy of accumulating public capital and its associated public...
Persistent link: https://www.econbiz.de/10014533530
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Public Infrastructures, Public Consumption and Welfare in a New Open Economy Macro Model
Ganelli, Giovanni - 2009
This paper focuses on the trade-off faced by governments in deciding the allocation of public expenditures between productivity-enhancing public infrastructures and utility-enhancing public consumption in a two-country model. The results show that a permanent increase in the domestic stock of...
Persistent link: https://www.econbiz.de/10013158382