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We model the endogenous formation of nations in a world economy where nations apply redistributive policies. We show that people's preference for stronger redistributive policies may lead to greater inequality in the world's distribution of income as a result of rich individuals tending to form...
Persistent link: https://www.econbiz.de/10014146758
taxation. Furthermore, from a Keynesian macroeconomic perspective redistribution may even be systematically conducive to growth … and employment. At the same time a change towards such a policy of redistribution may for some economies, particularly the … erhebliche Spielräume für steuerpolitische Umverteilung gibt. Zudem kann Umverteilung aus einer keynesianischen makroökonomischen …
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The aim of this essay is to deal with economic voting in contexts of multilevel governance and to be a contribution to …
Persistent link: https://www.econbiz.de/10014173793
Although pre-electoral political manipulation of the budget --- the political budget cycle (PBC) --- has been long investigated by scholars, empirical findings are mixed at best. This is partly because of the non-random nature of election timing. There also exist ongoing debates over how the...
Persistent link: https://www.econbiz.de/10014179284
voting, where voters choose from three options. We are interested in the occurrence of strategic voting in an environment … experimental data. Our results indeed show that strategic voting arises, the extent of which depends on (i) the availability of … results show that information serves as a coordination device where strategic voting does not harm the plurality …
Persistent link: https://www.econbiz.de/10014186113
This paper proposes a dynamic politico-economic theory of debt, government finance and expenditure. Agents have … Equilibrium of the dynamic voting game. If taxes do not distort labor supply, the economy progressively depletes its resources … consumption, the less debt is accumulates. We extend the analysis to redistributive policies and political shocks. The theory …
Persistent link: https://www.econbiz.de/10014049381
This paper tests for political agency effects, that is, whether governments that were ex post re-elected performed better than those who were replaced, and whether re-elected governments performed better than newly elected ones. As a testing ground, I use Swedish local governments which offer a...
Persistent link: https://www.econbiz.de/10014050374