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Financial liberalization and democracy: The role of reform reversals

Campos, Nauro F; Coricelli, Fabrizio - C.E.P.R. Discussion Papers - 2009

The relationship between economic and political liberalization has received a great deal of attention lately, yet the possibility of a non-linear relationship and the role of reversals remain largely neglected. Focusing on democratization and financial reform, this paper offers evidence for a...

Persistent link: https://www.econbiz.de/10004964420

Unemployment and Right-wing Extremist Crime

Falk, Armin; Kuhn, Andreas; Zweimüller, Josef - C.E.P.R. Discussion Papers - 2009

It is frequently argued that unemployment plays a crucial role for the occurrence of right-wing extremist crimes. We … unemployment is high. The big difference in right-wing crime between East and West German states can mostly be attributed to … differences in unemployment. This finding reinforces the importance of unemployment as an explanatory factor for right-wing crime …

Persistent link: https://www.econbiz.de/10008528521

Unemployment and Right-Wing Extremist Crime

Falk, Armin; Zweimüller, Josef - C.E.P.R. Discussion Papers - 2005

Right-wing extremism is a serious problem in many societies. A prominent hypothesis states that unemployment plays a … significant positive relation between unemployment and right-wing criminal activities. We show further that the big difference in … right-wing crime between East and West German states can mostly be attributed to differences in unemployment. This finding …

Persistent link: https://www.econbiz.de/10005281394

So Closed: Political Selection in Proportional Systems

Galasso, Vincenzo; Nannicini, Tommaso - C.E.P.R. Discussion Papers - 2015

We analyze political selection in a closed list proportional system where parties have strong gate-keeping power, which they use as an instrument to pursue votes. Parties face a trade-off between selecting loyal candidates or experts, who are highly valued by the voters and thus increase the...

Persistent link: https://www.econbiz.de/10011213305

Fiscal Centralization and the Political Process

Albornoz-Crespo, Facundo; Cabrales, Antonio - C.E.P.R. Discussion Papers - 2010

We study the dynamic support for fiscal decentralization in a political agency model from the perspective of a region. We show that corruption opportunities are lower under centralization at each period of time. However, centralization makes more difficult for citizens to detect corrupt...

Persistent link: https://www.econbiz.de/10008468714

Capital Redistribution and the Market Allocation of Firm-Ownership

Grüner, Hans Peter; Schils, Ruediger - C.E.P.R. Discussion Papers - 2002

This Paper studies the relationship between political wealth redistribution and the allocation of firm-ownership when production requires an unobservable input. The economy's wealth distribution affects the equilibrium interest rate and the allocation of entrepreneurial rents because wealth...

Persistent link: https://www.econbiz.de/10005123568

Media Freedom, Bureaucratic Incentives and the Resource Curse

Egorov, Georgy; Guriev, Sergei; Sonin, Konstantin - C.E.P.R. Discussion Papers - 2006

How can a non-democratic ruler provide proper incentives for state bureaucracy? In the absence of competitive elections and separation of powers, the ruler has to be well-informed himself, and to gather information he may use either a secret service or the media. The danger of using a secret...

Persistent link: https://www.econbiz.de/10005123655

Dictators and Their Viziers: Agency Problems in Dictatorships

Egorov, Georgy; Sonin, Konstantin - C.E.P.R. Discussion Papers - 2004

The possibility of treason by a close associate has been a nightmare of most dictators throughout history. Better informed viziers are also better able to discriminate among potential plotters, and this makes them more risky subordinates for the dictator. To avoid this, dictators – especially...

Persistent link: https://www.econbiz.de/10005123685

Conditional Political Budget Cycles

Shi, Min; Svensson, Jakob - C.E.P.R. Discussion Papers - 2002

This Paper uses a large new panel data set to examine the relationship between elections and fiscal policy. We find clear evidence of political business cycles in macroeconomic policy: spending increases before elections while revenues fall, leading to a larger deficit in election years. We also...

Persistent link: https://www.econbiz.de/10005124073

Businessman Candidates: Special-Interest Politics in Weakly Institutionalized Environments

Gehlbach, Scott; Sonin, Konstantin - C.E.P.R. Discussion Papers - 2004

We initiate examination of the political boundaries of the firm by exploring the phenomenon of ‘businessman candidates’: business owners and managers who bypass conventional means of political influence to run for public office themselves. We argue that in-house production of political...

Persistent link: https://www.econbiz.de/10005136612

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