advertising leads to more positive press coverage. This advertising bias in reporting is found among local and national newspapers …. Further results show that advertising bias manifests particularly in less negative reporting after bad news events such as …

results of the system GMM revealed that the fiscal deficit is significantly large in election years and the deficit spending … spills into the year after the election, though not as high as in the election year. We could not, however, find a … significant effect in the pre-election year. In addition, we found evidence suggesting that though democracy significantly lowers …