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Perroni, Carlo; Scharf, Kimberley - C.E.P.R. Discussion Papers - 2004

which the power to tax is irretrievably conferred by individuals to government, which can then levy any tax it chooses. In …

Persistent link: https://www.econbiz.de/10005114245

The Political Economy of Privatization and Competition: Cross-Country Evidence from the Telecommunications Sector

Colin Xu, Lixin; Li, Wei; Zhen-Wei Qiang, Christine - C.E.P.R. Discussion Papers - 2001

and cannot be more easily financed by borrowing from the financial market. Democracy appears to affect the pace of reform …

Persistent link: https://www.econbiz.de/10005504478

Inequality, Development, and the Stability of Democracy -Lipset and Three Critical Junctures in German History

Jung, Florian; Sunde, Uwe - C.E.P.R. Discussion Papers - 2011

there exists a distribution of resources such that democracy emerges in equilibrium, but there are distributions of … resources for which democracy is infeasible in equilibrium irrespective of the level of development. The model also delivers … results on the stability of democracy with regard to changes in the economic and demographic environment. The results are …

Persistent link: https://www.econbiz.de/10009493564

What Do State-Owned Firms Maximize? Evidence from the Italian Banks

Sapienza, Paola - C.E.P.R. Discussion Papers - 2002

This Paper studies the objective function of state-owned banks. Using information on individual loan contracts, I compare the interest rate charged to two sets of companies with identical characteristics borrowing respectively from state-owned and privately owned banks. State-owned banks charge...

Persistent link: https://www.econbiz.de/10005788914

Democracy and Foreign Education

Spilimbergo, Antonio - C.E.P.R. Discussion Papers - 2006

Do foreign educated individuals play a role in promoting democracy in their home country? Despite the large amount of … foster democracy in their home countries. Using a unique panel dataset on foreign students starting from 1950, I show that … indeed foreign-educated individuals promote democracy in their home country, but only if the foreign education is acquired in …

Persistent link: https://www.econbiz.de/10005791894

The Growth Effect of Democracy: Is It Heterogeneous and How Can It Be Estimated?

Persson, Torsten; Tabellini, Guido - C.E.P.R. Discussion Papers - 2007

parametric estimates may have seriously underestimated the growth effects of democracy. In particular, we find an average … negative effect on growth of leaving democracy on the order of -2 percentage points implying effects on income per capita as …

Persistent link: https://www.econbiz.de/10005124474

The Market for Protection and the Origin of the State

Konrad, Kai A.; Skaperdas, Stergios - C.E.P.R. Discussion Papers - 1999

We examine a stark setting in which security or protection can be provided by self-governing groups of by for-profit entrepreneurs: kings, lords, or mafia dons. Though self-governance is best for the population, it faces problems of long-term viability. Typically, in providing security the...

Persistent link: https://www.econbiz.de/10005504400

Can Openness Deter Corruption? The Role of Foreign Direct Investment

Larrain B., Felipe; Tavares, José - C.E.P.R. Discussion Papers - 2007

, size of the economy and government expenditure. Quantitatively, the impact of FDI inflows on corruption is of the same …

Persistent link: https://www.econbiz.de/10005504415

The Political Economy of Clientelism

Robinson, James A; Verdier, Thierry - C.E.P.R. Discussion Papers - 2002

Income redistribution often takes highly inefficient forms, such as employment in the bureaucracy. We argue that this arises as an optimal political strategy in situations where politicians cannot commit to policies. Political exchanges between politicians and voters must be self-enforcing and...

Persistent link: https://www.econbiz.de/10005504795

Political Institutions and Policy Choices: Evidence from the United States

Besley, Timothy J.; Case, Anne - C.E.P.R. Discussion Papers - 2002

A rich array of institutional diversity makes the United States an excellent place to study the relationship between political institutions and public policy outcomes. This Paper has three main aims. First, it reviews existing empirical evidence on the relationship between institutional rules,...

Persistent link: https://www.econbiz.de/10005498200