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Do Re-election Probabilities Influence Public Investment?

Fiva, Jon H.; Natvik, Gisle James - Økonomisk institutt, Universitetet i Oslo - 2009

We identify exogenous variation in incumbent policymakers’ re-election probabilities and explore empirically how this … variation affects the incumbents’ investment in physical capital. Our results indicate that a higher re-election probability … capital. Key for the consistency between data and theory is to account for complementarity between physical capital and flow …

Persistent link: https://www.econbiz.de/10004967609

Do oil windfalls improve living standards?: evidence from Brazil

Caselli, Francesco; Michaels, Guy - London School of Economics (LSE) - 2009

We use variation in oil output among Brazilian municipalities to investigate the effects of resource windfalls. We find muted effects of oil through market channels: offshore oil has no effect on municipal non-oil GDP or its composition, while onshore oil has only modest effects on non-oil GDP...

Persistent link: https://www.econbiz.de/10010746388

Do re-election probabilities influence public investment?

Fiva, Jon H.; Natvik, Gisle James - Norges Bank - 2009

We identify exogenous variation in incumbent policymakers' re-election probabilities and explore empirically how this … variation affects the incumbents' investment in physical capital. Our results indicate that a higher re-election probability … capital. Key for the consistency between data and theory is to account for complementarity between physical capital and flow …

Persistent link: https://www.econbiz.de/10005009876

Social capital and the viability of stakeholder-oriented firms: Evidence from Norwegian savings banks

Ostergaard, Charlotte; Schindele, Ibolya; Vale, Bent - Norges Bank - 2009

Stakeholder oriented governance systems are often thought to hamper efficiency. We show that social capital improves the viability of stakeholder-oriented firms in competitive markets. Studying exits from the population of Norwegian savings banks after deregulations, we find that banks located...

Persistent link: https://www.econbiz.de/10005009877

Do Oil Windfalls Improve Living Standards? Evidence from Brazil

Caselli, Francesco; Michaels, Guy - C.E.P.R. Discussion Papers - 2009

Persistent link: https://www.econbiz.de/10008509470

Do re-election probabilities influence public investment?

Fiva, Jon H.; Natvik, Gisle James - Institut d'Economia de Barcelona (IEB), Facultat … - 2009

We identify exogenous variation in incumbent policymakers’ re-election probabilities and explore empirically how this … variation affects their investments in physical capital. Our results indicate that a higher re-election probability leads to …

Persistent link: https://www.econbiz.de/10008509535

Do Oil Windfalls Improve Living Standards? Evidence from Brazil

Caselli, Francesco; Michaels, Guy - National Bureau of Economic Research (NBER) - 2009

Persistent link: https://www.econbiz.de/10008610984

Local Government Investments and Ineffectiveness of Fiscal Stimulus during Japan's Lost Decades

Funashima, Yoshito; Horiba, Isao; Miyahara, Shoichi - Volkswirtschaftliche Fakultät, … - 2015

This paper provides an explanation of the reason why previous works suggest that the effect of fiscal stimulus measure is, if any, small during the lost decades in Japan. To show this, it focuses on public investment by local governments which occupies a substantial portion of the total...

Persistent link: https://www.econbiz.de/10011122274

Government Spending and Re-election: Quasi-Experimental Evidence from Brazilian Municipalities

Litschig, Stephan; Morrison, Kevin - Barcelona Graduate School of Economics (Barcelona GSE) - 2012

resulted in a 20% increase in local government spending per capita, and an increase of about 10 percentage points in the re-election …

Persistent link: https://www.econbiz.de/10010851440

The Long-run and Intergenerational Education Impacts of Intergovernmental Transfers

Filho, Irineu de Carvalho; Litschig, Stephan - Barcelona Graduate School of Economics (Barcelona GSE) - 2013

This paper provides regression discontinuity evidence on long-run and intergenerational education impacts of a temporary increase in federal transfers to local governments in Brazil. Revenues and expenditures of the communities benefiting from extra transfers temporarily increased by about 20%...

Persistent link: https://www.econbiz.de/10010851460