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The aim of this paper is to show how the richer frequency and variety of fiscal policy shocks available in an international sample can be analyzed recognizing the heterogeneity that exists across different countries. The main conclusion of our empirical analysis is that the question “what is...
Persistent link: https://www.econbiz.de/10009192032
University tuition typically remains constant throughout years of enrollment while delayed degree completion is an increasing problem for many academic institutions around the world. Theory suggests that if continuation tuition were raised the probability of late graduation would be reduced....
Persistent link: https://www.econbiz.de/10008474913
The currently available empirical evidence shows remarkable differences between various estimates of the effects on U.S output of an exogenous shift in Federal tax liabilities. Shocks identified via the narrative method, imply a multiplier of about three over . an horizon of three years. Tax...
Persistent link: https://www.econbiz.de/10008463049
The paper studies the effect of additional government revenues on political corruption and on the quality of politicians, both with theory and data. The theory is based on a version of the career concerns model of political agency with endogenous entry of political candidates. The evidence...
Persistent link: https://www.econbiz.de/10008556596
Do fiscal policy variables — overall spending, revenue, deficits and welfare-state spending — display systematic patterns in the vicinity of elections? And do such electoral cycles differ among political systems? We investigate these questions in a data set encompassing sixty democracies...
Persistent link: https://www.econbiz.de/10005041798
Policies are typically chosen by politicians and bureaucrats. This paper investigates the criteria that should lead a society to allocate policy tasks to elected policymakers (politicians) or non elected bureaucrats. Politicians tend to be preferable for tasks that have the following features:...
Persistent link: https://www.econbiz.de/10005041899
How to sustain cooperation is a key challenge for any society. Different social organizations have evolved in the course of history to cope with this challenge by relying on different combinations of external (formal and informal) enforcement institutions and intrinsic motivation. Some societies...
Persistent link: https://www.econbiz.de/10008493138
This paper studies empirically the effects of and the interactions amongst economic and political liberalizations. Economic liberalizations are measured by a widely used indicator that captures the scope of the market in the economy, and in particular of policies towards freer international...
Persistent link: https://www.econbiz.de/10010261237
Persistent link: https://www.econbiz.de/10010272764
This paper studies empirically the effects of and the interactions amongst economic and political liberalizations. Economic liberalizations are measured by a widely used indicator that captures the scope of the market in the economy, and in particular of policies towards freer international...
Persistent link: https://www.econbiz.de/10005766014