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This paper proposes and empirically tests a new demand-side explanation for distortions in public spending composition. Voters prefer spending with certain and immediate benefits when they have low trust in electoral promises and high discount rates. The paper incorporates these characteristics...
Persistent link: https://www.econbiz.de/10012256493
This paper proposes and empirically tests a new demand-side explanation for distortions in public spending composition. Voters prefer spending with certain and immediate benefits when they have low trust in electoral promises and high discount rates. The paper incorporates these characteristics...
Persistent link: https://www.econbiz.de/10012836345
developed here indicates that this ability depends on several characteristics of political institutions, such as congressional …
Persistent link: https://www.econbiz.de/10013133917
entrepreneurial elite, resulting in economic policy and institutions which are more conducive to entrepreneurship and productivity … other natural resources determines structural change and economic development. A more equal distribution of natural … earned in the primary goods sector. Second, by shifting the distribution of political power from resource owners towards the …
Persistent link: https://www.econbiz.de/10005765922
entrepreneurship in the manufacturing sector and may thereby retard structural change and economic development. We show that, due to …
Persistent link: https://www.econbiz.de/10010636569
Data on the growth performances of countries with similar comparative (dis)advantage and political institutions reveal …'s political elite. We build a theoretical framework where factors of production owned by the political elites differ across …
Persistent link: https://www.econbiz.de/10010279576
economy with imperfect political institutions. In a capital-scarce economy, an autocrat catering to the needs of landowners … chooses to shelter the economy from trade. The resulting trade regime interacts with economic institutions, and with policies … on capital mobility, to govern capital accumulation. A landed autocrat neglects to improve institutions and blocks …
Persistent link: https://www.econbiz.de/10013092340
economy with imperfect political institutions. In a capital-scarce economy, an autocrat catering to the needs of landowners … chooses to shelter the economy from trade. The trade regime interacts with economic institutions, and with policies on capital … mobility, to govern capital accumulation. A landed autocrat neglects to improve institutions and blocks foreign capital to …
Persistent link: https://www.econbiz.de/10013092628
entrepreneurship. Given the relative neglect of entrepreneurship by development scholars it deals with (i) recent theoretical insights … from the intersection of entrepreneurship and development studies; (ii) the empirical evidence on the relationship between … entrepreneurship and development; and (iii) fresh insights for entrepreneurship policy for development that emerges from recent …
Persistent link: https://www.econbiz.de/10013077338
economy with imperfect political institutions. In a capital-scarce economy, an autocrat catering to the needs of landowners … chooses to shelter the economy from trade. The trade regime interacts with economic institutions, and with policies on capital … mobility, to govern capital accumulation. A landed autocrat neglects to improve institutions and blocks foreign capital to …
Persistent link: https://www.econbiz.de/10011734484