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Contributions by investor-owned companies play major roles in financing the campaigns of candidates for elective office in the United States. We look at the presidential level and analyze contributions by companies before an election and their stock market performance following US presidential...
Persistent link: https://www.econbiz.de/10009733230
The theory of economic voting has extensively explored the influence of national economic conditions on votes for the … of voting swings in the sense of change in votes for non-governing parties. This is owed to the limitations of the theory … the incumbent at the heart of the theory of economic voting explains only a marginal part of total electoral volatility …
Persistent link: https://www.econbiz.de/10009724043
The theory of economic voting has extensively explored the influence of national economic conditions on votes for the … of voting swings in the sense of change in votes for non-governing parties. This is owed to the limitations of the theory … the incumbent at the heart of the theory of economic voting explains only a marginal part of total electoral volatility …
Persistent link: https://www.econbiz.de/10013315805
This study finds that stock return volatility is higher during periods of high tax policy uncertainty (TPU), even after controlling for other sources of general macroeconomic uncertainty. Further, we find that the relation between TPU and stock return volatility is more pronounced where firms...
Persistent link: https://www.econbiz.de/10012973819
In multi-party systems, parties often form alliances before elections. What brings competing parties to coalesce into new entities? I present a model of electoral competition in which parties can form pre-electoral alliances and decide how binding these should be. Parties face a dynamic...
Persistent link: https://www.econbiz.de/10013293639
Persistent link: https://www.econbiz.de/10014494751
Persistent link: https://www.econbiz.de/10012660170
What is the relationship between economic growth and its volatility? Does political instability affect growth directly or indirectly, through volatility? This paper tries to answer such questions using a power-ARCH framework with annual time series data for Argentina from 1896 to 2000. We show...
Persistent link: https://www.econbiz.de/10012766848
Argentina is the only country in the world that was "developed" in 1900 and "developing" in 2000. The various competing explanations highlight, mainly, the roles of trade openness, political institutions, financial integration, financial development, and macroeconomic instability. Yet no study...
Persistent link: https://www.econbiz.de/10010440609
We examine democratic public-good provision with heterogeneous legislators. Decisions are taken by majority rule and an agenda-setter proposes a level of the public good, taxes, and subsidies. Members are heterogeneous with respect to their benefits from the public good. We find that, depending...
Persistent link: https://www.econbiz.de/10014500614