This study proposes an analytical framework towards behavioral political economy of institutional change. It considers institutional changes as central government's choices under uncertainty, which are largely driven by the strategic outcomes in a behavioral coordination game between local...

Vietnam's industrial development since doi moi is a success, but only a partial one. This paper provides a political economy account of Vietnam's industrial growth since 1986. It shows that the key determinant of Vietnam's industrial growth lies in the relationship between the party-state and...

We investigate why governments restrict exports of exotic raw materials taking rare earth elements as a case study. Trade restrictions on exotic materials do not have immediate macroeconomic effects. Relocating rare earth intensive industries is found to be the main reason behind China's export...

In today's increasingly competitive business environment, many firms in declining industries have been confronted with the need to restructure. However, lobbies in these industries have often managed to attract government subsidies instead. The current paper looks at the decision of loss-making...

We study the selection of the political elite in an autocratic state. Using detailed CV data on potential politicians in the German Democratic Republic, we track and quantify the position of individuals in the state hierarchy over time and exploit exogenous connections between individuals that...

Autocratic regimes can use carrots and/or sticks to prevent being overthrown by protests. Carrots, i.e. resource allocation, reduce the probability of protests, but cannot help to end them. Sticks, i.e. repression, reduce the probability that protests overthrow the regime, but also decrease its...

Did the Prussian three-class franchise, which politically over-represented the economic elite, affect policy-making? Combining MP-level political orientation, derived from all roll call votes in the Prussian parliament (1867–1903), with constituency characteristics, we analyze how local vote...

In today s increasingly competitive business environment, many firms in declining industries have been confronted with the need to restructure.However, lobbies in these industries have often managed to attract government subsidies instead.This paper looks at the decision of a loss-making firm...

We investigate why governments restrict exports of exotic raw materials taking rare earth elements as a case study. Trade restrictions on exotic materials do not have immediate macroeconomic effects. Relocating rare earth intensive industries is found to be the main reason behind China's export...

The economy of Punjab state in India offers an interesting case study. Punjab has been for decades - and remains - one of India's better-off states, and so it tends not be included in the primary focus of national programs meant to reduce poverty or spur economic development. But, Punjab's...