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This paper presents a model of soft budget constraints (SBC) in a bank lending relationship, emphasizing the role of institutions in shaping the SBC phenomena. The model allows two types of SBC to emerge according to specific constellations of parameters: the SBC as a dynamic commitment problem...
Persistent link: https://www.econbiz.de/10013105577
There are sound theoretical reasons to expect clientelism to suppress economic growth: politicians who garner support … constraint is met with low wages. Hence, clientelism can become a poverty trap. Yet in many countries, the heyday of political … clientelism coincided with periods of rapid economic growth. I offer preliminary evidence of this coincidence of clientelism and …
Persistent link: https://www.econbiz.de/10012545663
political clientelism in the delivery of social programmes in India, especially by allowing party leaders to bypass local …
Persistent link: https://www.econbiz.de/10012650846
Why are the poor susceptible to clientelism, and what factors shield them from the influence of vote buying? We explore …
Persistent link: https://www.econbiz.de/10012614310
salary. To formulate how limited-term private ownership of bengkok land promotes clientelism, we model a timely delegation of …
Persistent link: https://www.econbiz.de/10012501502
suggest that while civil service reforms might weaken the bureaucratic clientelism, the pre-existing patronclient relations …
Persistent link: https://www.econbiz.de/10012061322
This article investigates the patronage phenomenon in the italian, so called, Second Republic. In particular, the …, where the interests of political parties and districts may diverge, the formers would need patronage resource to assure … parliamentarians' loyalty does play a role in patronage appointments as well as the electoral result in the next electoral competition. …
Persistent link: https://www.econbiz.de/10011571525
hires are relatively more qualified. Our results suggest a potential upside to patronage as campaign connections create new …
Persistent link: https://www.econbiz.de/10014281242
-profile occupational group from a political economics perspective. We analyze how political partisanship, political patronage after changes … selection of public servants has on senior official employment. We find some evidence for political patronage. …
Persistent link: https://www.econbiz.de/10009565331
Persistent link: https://www.econbiz.de/10001723487