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Democratic political economy of financial regulation
Livshits, Igor; Park, Youngmin - 2021 - Last updated: November 26, 2021
This paper offers a simple theory of inefficiently lax financial regulation arising as an outcome of a democratic political process. Lax financial regulation encourages some banks to issue risky residential mortgages. In the event of an adverse aggregate housing shock, these banks fail. When...
Persistent link: https://www.econbiz.de/10012670328
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Inequality and corruption : evidence from US states
Alt, James E. (contributor);  … - 2008
High-quality data on state-level inequality and incomes, panel data on corruption convictions, and careful attention to … institutional environment the corruptible employee’s or official’s decision to engage in corruption is affected by relative wages … of inequality, which indicate diminished prospects facing those convicted of corruption. In US states over 25 years we …
Persistent link: https://www.econbiz.de/10003746542
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Inequality and Corruption : Evidence from US States
Alt, James E.; Lassen, David Dreyer - 2008
High-quality data on state-level inequality and incomes, panel data on corruption convictions, and careful attention to … institutional environment the corruptible employee's or official's decision to engage in corruption is affected by relative wages … of inequality, which indicate diminished prospects facing those convicted of corruption. In US states over 25 years we …
Persistent link: https://www.econbiz.de/10014215276
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Political economy and governance
Dietsche, Evelyn - 2017
This paper reviews the political economy of extractive resources and the associated resources sector governance agenda. The consensus that good sector governance improves the developmental impacts of extractive resources exploitation is premised on the understanding that institutions matter for...
Persistent link: https://www.econbiz.de/10011595705
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The legacies of slavery in and out of Africa
Bertocchi, Graziella - In: IZA journal of migration : IZAJOM 5 (2016) 24, pp. 1-19
The slave trades out of Africa represent one of the most significant forced migration experiences in history. In this paper, I illustrate their long-term consequences on contemporaneous socio-economic outcomes, drawing from my own previous work on the topic and from an extensive review of the...
Persistent link: https://www.econbiz.de/10011619155
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Dominant Capital and the Government
Bichler, Shimshon; Nitzan, Jonathan - 2021
This note contextualizes the ongoing U.S. policy shift toward greater ‘regulation’ of large corporations. Cory Doctorow and Blair Fix are optimistic about this shift. We doubt it.
Persistent link: https://www.econbiz.de/10012626980
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Red Giant
Bichler, Shimshon; Nitzan, Jonathan - 2021
In 2012, we published a paper in the Journal of Critical Globalization Studies titled 'Imperialism and Financialism: The Story of a Nexus'. Our topic was the chameleon-like Marxist notion of imperialism and how its different theories related to finance. Here is the article's summary: Over the...
Persistent link: https://www.econbiz.de/10012632160
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Tolerance in the United States : does economic freedom transform racial, religious, political and sexual attitudes?
Berggren, Niclas; Nilsson, Therese - 2015
Tolerance is a distinguishing feature of Western culture: There is a widespread attitude that people should be allowed to say what they want even if one dislikes the message. Still, the degree of tolerance varies between and within countries, as well as over time, and if one values this kind of...
Persistent link: https://www.econbiz.de/10011312192
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A Dynamic Analysis of Economic Freedom and Income Inequality in the 50 U.S. States : Empirical Evidence of a Parabolic Relationship
Bennett, Daniel L. - 2013
This paper examines the dynamic relationship between economic freedom and income inequality in the 50 U.S. states over the 1979-2004 period. Using fixed effects regression analysis, we find evidence that increases in economic freedom are associated with lower income inequality, but the dynamic...
Persistent link: https://www.econbiz.de/10013090388