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We test the effects of different combinations of parties simultaneously holding office in the central and regional governments on the growth rate of regional public infrastructure. Using panel data for the regions of Spain over the 1988-2004 period, we find evidence to support Distributive...
Persistent link: https://www.econbiz.de/10013127354
This paper proposes a slight modification of Dixit (1989), QJE, assuming that potential exporting firms benefit from the experience of firms already settled in the foreign market which allows the sunk cost to diminish. In general, the numerical results show that hysteresis is lower as expected....
Persistent link: https://www.econbiz.de/10013127356