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Political persistence, connections and economic growth

Bellettini, Giorgio; Ceroni, Carlotta Berti; Prarolo, … - 2009

Using data on a panel of 56 democratic countries in the period 1975-2004, we find evidence of a negative association between political stability and economic growth which is stronger and empirically more robust in countries with high bureaucratic costs. Motivated by these results, which contrast...

Persistent link: https://www.econbiz.de/10010264563

Campaigns, political mobility, and communication

Gersbach, Hans - 2009

We present a model of elections in which interest group donations allow candidates to shift policy positions. We show that if donations were prohibited, then a unique equilibrium regarding the platform choices of candidates would exist. Our game with financing of political campaigns exhibits two...

Persistent link: https://www.econbiz.de/10010266018

Media capture in a democracy : the role of wealth concentration

Corneo, Giacomo - 2005

Since objective news coverage is vital to democracy, captured media can seriously distort collective decisions. The current paper develops a voting model where citizens are uncertain about the welfare effects induced by alternative policy options and derive information about those effects from...

Persistent link: https://www.econbiz.de/10010272713

Electoral control when policies are for sale

Farvaque, Etienne; Lagadec, Gaël - 2009

This article analyses the dynamics of electoral promises, building on an electoral competition model with endogenous policies. It extends the Grossman-Helpman (1994) model [Grossman G., Helpman E. [1994], Protection for sale, American Economic Review, 84, 4, 833-850] to include sanctions from...

Persistent link: https://www.econbiz.de/10010274511

Lobbying for education in a two-sector model

Di Gioacchino, Debora; Profeta, Paola - 2011

of education complementary to their production. Lobbying is endogenous. We show that, if lobbying is not costly, both … social planner. However, if lobbying is costly, only one sector finds it profitable to offer monetary contribution and direct … resources towards the type of education required by its production. Which sector will engage in lobbying depends on relative …

Persistent link: https://www.econbiz.de/10010274788

Why 'buy American' is a bad idea but politicians still like it

Larch, Mario; Lechthaler, Wolfgang - 2010

a recession: (i) the lobbying of domestic, non-exporting firms, and (ii) the relationship between vulnerability, the …

Persistent link: https://www.econbiz.de/10010274792

Preferences, rent destruction and multilateral liberalisation: The building block effect of CUSFTA

Ketterer, Tobias; Bernhofen, Daniel M.; Milner, Chris - 2012

partner, the agreement can cause a leakage of protectionist benefits to domestic industry from lobbying against external …

Persistent link: https://www.econbiz.de/10010289637

Cultural Distance, Firm Boundaries, and Global Sourcing

Gorodnichenko, Yuriy; Kukharskyy, Bohdan; Roland, Gérard - 2023

Casual observation suggests that cultural differences play an important role in business transactions, yet systematic evidence on this relationship is scarce. This paper provides a novel investigation of the effect of cultural distance on multinational firms’ decisions to integrate their...

Persistent link: https://www.econbiz.de/10014346366

Corporate Acquisitions and Firm-Level Uncertainty : Domestic versus Cross-Border Deals

Bai, Ye - 2020

This paper studies the impact of corporate acquisitions - both domestic and cross-border - on the uncertainty faced by acquiring firms. We use data for UK publicly-listed firms from 2004 to 2017 and employ a matching estimator combined with difference-in-differences to control for the endogenous...

Persistent link: https://www.econbiz.de/10012841927

Distance and the Multinational Wage Premium

Egger, Hartmut - 2019

Combining administrative data on German workers with commercial data on German firms, we find evidence for a distance effect on the multinational wage premium: Foreign multinationals pay lower wages than German multinationals if the ultimate owner is located in close proximity to Germany,...

Persistent link: https://www.econbiz.de/10012892238