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This paper examines whether electoral motives and government ideology influence short-term economic performance. I employ data on annual GDP growth in 21 OECD countries over the 1951-2006 period and provide a battery of empirical tests. In countries with two-party systems GDP growth is boosted...
Persistent link: https://www.econbiz.de/10015222272
This paper examines whether electoral motives and government ideology influence short-term economic performance. I employ data on annual GDP growth in 21 OECD countries over the 1951-2006 period and provide a battery of empirical tests. In countries with two-party systems GDP growth is boosted...
Persistent link: https://www.econbiz.de/10015222309
This paper implements a panel approach to investigate the empirical relevance of ‘Thirlwall’s Law’, which states that long-run growth must be consistent with balance of payments (BOP) equilibrium and is, thus, determined on the demand side. Building on ARDL modelling, mean-group and pooled...
Persistent link: https://www.econbiz.de/10015228365
This paper implements a panel approach to investigate the empirical relevance of ‘Thirlwall’s Law’, which states that long-run growth must be consistent with balance of payments (BOP) equilibrium and is, thus, determined on the demand side. Building on ARDL modelling, mean-group and pooled...
Persistent link: https://www.econbiz.de/10015228547
The main objective of the present study is to identify the mechanisms through which governance affects at the same time inequality, poverty and growth. The study covers the period 1996-2012 which corresponds to the adoption of the Millennium Development Goals (MDGs). The latter has, as a primary...
Persistent link: https://www.econbiz.de/10015263068
This paper examines employment policies in urban areas of developing world. We follow traditional economic analysis and present the urban unemployment problem as an inequality of labour supply and demand on labour markets. The effects of demand-side and supply-side policies on informal urban...
Persistent link: https://www.econbiz.de/10015225507
We apply synthetic control methods to a cross-country sample that includes up to 51 populist events ranging from 1928 to 2019, to explore the impact of populism on the rule of law. Populist governments are expected to undermine the rule of law because they seek to dismantle institutional...
Persistent link: https://www.econbiz.de/10015213202
This research attempts a theoretical and quantitative analysis of authoritarian regimes enduring in the developing countries. We attempt computer visualization of the model developed by Acemoglu and Robinson in order to derive an empirical hypothesis easily. There is a reason for us to accept...
Persistent link: https://www.econbiz.de/10015217877
This paper empirically evaluates whether government ideology and electoral motives influenced the growth of public health expenditures in 18 OECD countries over the 1971-2004 period. The results suggest that incumbents behaved opportunistically and increased the growth of public health...
Persistent link: https://www.econbiz.de/10015222456
Dynamic models of learning and adaptation have provided realistic predictions in terms of voting behavior. This study aims at contributing to their scant empirical verification. We develop a learning algorithm based on bounded rationality estimating the pattern of learning process through a...
Persistent link: https://www.econbiz.de/10015225800