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Learning dynamics and the support for economic reforms : why good news can be bad
Wijnbergen, Sweder van; Willems, Tim - 2012
Persistent link: https://www.econbiz.de/10009722659
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Economic Growth and Institutional Reform in Modern Monarchies and Republics : A Historical Cross-Country Perspective 1820-2000
Bjørnskov, Christian - 2008
Standard theoretical arguments suggest that republics ought to grow faster than monarchies and experience lower transitional costs following reforms. We employ a panel of 27 countries observed from 1820-2000 to explore whether regime types and institutional reforms have differential growth...
Persistent link: https://www.econbiz.de/10012724722
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The political economy of financial systems : evidence from suffrage reforms in the last two centuries
Degryse, Hans; Lambert, Thomas; Schwienbacher, Armin - 2013 - This version: August 23, 2013
Initially, voting rights were limited to wealthy elites providing political support for stock markets. The franchise expansion induces the median voter to provide political support for banking development as this new electorate has lower financial holdings and benefits less from the uncertainty...
Persistent link: https://www.econbiz.de/10010223450
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Did austerity cause Brexit?
Fetzer, Thiemo - 2018
Did austerity cause Brexit? This paper shows that the rise of popular support for the UK Independence Party (UKIP), as the single most important correlate of the subsequent Leave vote in the 2016 European Union (EU) referendum, along with broader measures of political dissatisfaction, are...
Persistent link: https://www.econbiz.de/10011877825
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Elites and bank-based finance : a political economy model on the emergence of financial systems ; conference paper
Buck, Florian; Hildebrand, Nikolaus - 2014 - Preliminary first draft
Why do some economic systems depend on bank financing while others rely on capital markets and bond financing? We propose a political economy model in which elites favor a bank-based system, which increases their rents due to reduced competition. If suffrage is restricted to the elite, this will...
Persistent link: https://www.econbiz.de/10010483279
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The rents of banking : a public choice approach to bank regulation
Buck, Florian Christopher - 2015
The rise of a crisis-prone banking sector and its political power has received significant attention following the most recent financial crisis. The crisis sparked a growing interest in understanding how and why we have created a world of large, unstable banks. Excessive banking activity arose...
Persistent link: https://www.econbiz.de/10011742914
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Understanding Changes in Attitudes towards Redistribution and Government after the Great Recession
Marr, Christa - 2014
towards redistribution and government from 2006 to 2010 to find that decreases in demand for redistribution are associated … government shapes preferences for redistribution. This paper contributes to a growing body of literature that suggests an … association between government trust and demand for redistribution. We view our results as suggestive, yet we do perform a series …
Persistent link: https://www.econbiz.de/10013064965
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Eliminating the Underlying Cause of Poverty as a Means to Global Economic Recovery
Ashford, Robert - 2014
Persistent link: https://www.econbiz.de/10013070063
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Multinational Corporations, Transnational Law : The United Nation's Norms on the Responsibilities of Transnational Corporations as Harbinger of Corporate Responsibility in Internat...
Backer, Larry Catá - 2006
This article considers the ramifications of current efforts to internationalize the regulation of corporate social responsibility. The primary focus will be on current United Nations efforts to regulate transnational corporations through the development of its Norms on the Responsibilities of...
Persistent link: https://www.econbiz.de/10014065957
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The Rise and Decline of General Laws of Capitalism
Acemoglu, Daron; Robinson, James A. - 2014
Thomas Piketty's (2013) book, Capital in the 21st Century, follows in the tradition of the great classical economists, like Marx and Ricardo, in formulating general laws of capitalism to diagnose and predict the dynamics of inequality. We argue that general economic laws are unhelpful as a guide...
Persistent link: https://www.econbiz.de/10013040288