This paper develops a dynamic framework to analyze the political sustainability of economic reforms in developing countries. First, we demonstrate that economic reforms that are proceeding successfully may run into a political impasse, with the reform's initial success having a negative impact...

This paper develops a dynamic framework to analyze the political sustainability of economic reforms in developing countries. First, we demonstrate that economic reforms that are proceeding successfully may run into a political impasse, with the reform's initial success having a negative impact...

Does U.S. military aid make the United States safer? Or does it have unintended consequences for U.S. security? To answer these questions, we estimate the effect of U.S. military aid on anti-American terrorism for a sample of 174 countries between 1968 and 2018. We find that higher levels of aid...