Showing 1 - 10 of 113
Environmental policies are characterized by salient short-term costs and long-term benefits that are difficult to observe and to attribute to the government's efforts. These characteristics imply that citizens' support for environmental policies is highly dependent on their trust in the...
Persistent link: https://www.econbiz.de/10012604872
This paper proposes and empirically tests a new demand-side explanation for distortions in public spending composition. Voters prefer spending with certain and immediate benefits when they have low trust in electoral promises and high discount rates. The paper incorporates these characteristics...
Persistent link: https://www.econbiz.de/10012534462
This is an update and revision of our 2009 study. Using a broad dataset and an original methodology, this paper reports composite development gaps across economic, social and institutional sectors. We define development gap as the distance between the observed and the expected development level...
Persistent link: https://www.econbiz.de/10011314140
This document studies the economic effect of windfall gains by examining a Peruvian natural experiment. The Camisea Fund for Socioeconomic Development (FOCAM) is an inter-governmental fiscal transfer scheme that allocates natural gas royalties generated by the Camisea Gas Project to eligible...
Persistent link: https://www.econbiz.de/10011535764
In well-functioning democracies, the policymaking process should in principle respond to persistent economic inequality with corrective policies. This process is set in motion through majority demands for redistributive taxation and spending that elected representatives eventually supply through...
Persistent link: https://www.econbiz.de/10014563977
thematically, providing empirical evidence and summarizing the key recent studies on colonial institutions, slavery, land reform …
Persistent link: https://www.econbiz.de/10014564048
paper addresses these concerns by exploiting the fact that, as suggested by recent scholarly research, the legacy of slavery … instrumented with a census-based measure of the proportion of slaves before the abolition of slavery in the nineteenth century. It …
Persistent link: https://www.econbiz.de/10011786415
Government intervention in the construction sector as a way to boost the economy has been a constant in Colombia for the past 90 years. This paper explicitly tests the impact of the most recent of such interventions: a subsidy to the mortgage interest rate. The results show that the subsidy...
Persistent link: https://www.econbiz.de/10010328162
We examine the long-term impacts of drought on local labor markets in Brazil. Us- ing rainfall data going back over a century, we build contemporaneous and historical drought indices for more than 3,000 local areas, and examine them in conjunction with five waves of population census data...
Persistent link: https://www.econbiz.de/10010328261
High and unsustainable public debt is an economic problem at the center of many emerging and developing economies. This paper investigates, for the period 1978-2017, how the Surinamese Government reacted to changes in public debt for the period 1978-2017 and assesses if fiscal policy was...
Persistent link: https://www.econbiz.de/10012534474