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This paper analyzes the financial implications on local public budgets of disseminating information about the prosecution of political corruption at the local level. We build a database from a wave ... referee. All errors are ours. 1 Introduction Corruption decreases economic growth and affects the political process by diminishing people’s trust in the system (e.g., Mauro 1995; Bowler and Karp 2004
The link between democracy and within-country income inequality remains an unresolved quest in the literature of political economy. To look into this debate, I propose exploring the implications of ... electoral systems, rather than political regimes, on income inequality. I surmise that proportional representation systems should be associated with lower income inequality than majoritarian or mixed systems
without the revolution and war to the factual Iran under a new political regime for the period of 1970–1988. Our results, based on two different indicators of Iran’s Gini index, show a significant effect of ... revolution in Iran (Farzanegan 2022) , and political turmoil such as the Arab Spring (e.g., Matta et al. 2019 ; Echevarría and García-Enríquez 2020 ) on economic performance (mainly measured by GDP
pricing model, our study helps government regulators generate policies that are more likely to promote public welfare and become less susceptible to political whims. ... -growing digital economy (Sundararajan 2016) .3 When the total surplus generated by the emergence of ridesharing platforms is quantitatively computed, policy debates become less susceptible to political
, infrastructure spending and enhanced political stability are the most important drivers for FDI in CEE (post-2000 accession). Finally, our results highlight the negative effects of the Eurozone crisis and Brexit ... accession members, our findings emphasize the importance of tax revenue (e.g., infrastructure spending and public investment) and enhanced political stability in attracting FDI. The role of public investment
impacts of the Syrian civil war on the quality and strength of governance through the examination of outcomes pertaining to the freedom of expression, political stability, rule of law and control of ... that the civil war has led to a massive erosion of rule of law, widespread escalation of corruption, deepened endemic violence and an unparalleled deterioration of political stability accompanied by a
), and political stability (Saha and Yap 2014) . Several papers modelling tourism demand are based on dynamic panel data models with lagged demand as an explanatory variable (e.g., Garín-Muñoz 2006 ... income sensitivity and the influence of other important determinants of tourist flows, such as socio-political factors and the location of markets. Using Pedroni’s panel cointegration estimation, they
Political Sciences, Roma Tre University , Rome , Italy This paper examines the relationship among ecological footprint (EF), electricity consumption, and GDP in China using annual data ranging from 1960 to ... the effects of climate change (Mele et al. 2021) . The risk of political violence is induced by various factors, including the availability of weapons, ethnic and religious tensions, economic
uncertainty matters most for the Thai economy overall, consumption demand largely responds to macroeconomic uncertainty, while economic policy and political uncertainty generates the most persistent effects on ... this paper are of the authors and do not necessarily reflect those of the Bank of Thailand. Economic; Financial; Political; Policy; News-based; Uncertainty; Emerging market; Small open economy
. We consider 58 potential economic, geographic and political determinants and find that almost one-third are robust, including: openness, education, government spending, corporate tax rate ... the EBA procedure: firstly using only economic variables (results reported in Sect. 3.1) and then augmenting the dataset with the inclusion of political and geographic variables (Sect. 3.2). In the
, Henan, Hubei, Hunan, Guangxi, and Guizhou. Seven out of 12 provinces were part of all surveys conducted during 1989–2015. Liaoning was unable to participate in the survey for natural disaster, political ... . Statements by Deng Xiaoping (1985) suggest that, at the early stage of China’s economic development, income inequality was tolerated–and perhaps even encouraged by the then political leader of China. In
Nations 2020; Ray and Kumar 2021) . Second, the social, economic and political implications of this pandemic are expected to be large and the world economy will likely witness a strong wave of tectonic ... political instabilities or by social conflicts, has far reaching impacts on overall economic growth (Baldwin and Tomiura 2020; Baker et al. 2020) . Apart from its direct impact on demand, consumption
to 2022 due to the balance of payments surplus, the general trend of USD depreciation, the rapid development of China’s economy, and the political pressure from the USA (Zhang and Ouyang 2018; Guo et ... Natural Science Foundation of China (No. 72071176), the Outstanding Youth Project of Yunnan Province (No. 202301AV070010), and the Philosophy and Social Science Innovation Team Project of Yunnan Province
, institutions emerge as outcomes of social decisions. Particularly, economic institutions encouraging economic growth may arise “ when political institutions allocate power to groups with interests in broad-based ... ) focuses on the indirect effect of (political) institutions on growth, by introducing parameter heterogeneity into a growth regression. In such a frame, there are typically multiple growth regimes and
1995; Guo and He 2020) , productivity (Barsky and Sims 2012) , and a variety of political behavior such as trust in government (Chanley et al. 2000) and voters’ support for government (Indridason ... , several studies have attempted to explore its economic and political determinants using longitudinal data. Since there is no off-the-shelf workhorse model for consumer confidence (Bachman and Sims 2012
environments (see e.g., Ehrlich and Lui 1999; Boikos 2016; Feldmann 2017; Hoa 2020) . Ehrlich and Lui (1999) argue that individuals invest more in political capital rather than human capital to improve their ... . https://doi.org/10.1515/ 9781400845354 - 029 Bircan Ç , Saka O ( 2021 ) Lending cycles and real outcomes: costs of political misalignment . Econ J 131 ( 639 ): 2763 - 2796 . https://doi.org/10.1093/ej
luminosity data and GDP across countries. Gross domestic product (GDP) holds a crucial place in the social sciences and is a guiding principle for political decisions. Nevertheless, GDP is inadequately ... country (including time-variant4 and timeinvariant variables) since we do not know which specific elements significantly affect the parameter k. These variables include the quality of the political
A non-parametric efficient statistical method, Random Forests, is implemented for the selection of the determinants of Central Bank Independence (CBI) among a large database of economic, political ... (Cukierman, 2008, 2013; Alesina & Stella, 2011) , and the political economy of monetary policymaking (DeHaan & Eijffinger, 2016). The balance between flexibility and credibility in monetary policymaking
political participation, and the economic cycle. In this study, we investigate how the IDM index correlates with a set of country characteristics. We estimate Eq. (1) while replacing country fixed effects ... supply and divorce: new evidence from Ireland . Eur Econ Rev 56 ( 8 ): 1675 - 1691 Bargain O , Boutin D , Champeaux H ( 2019 ) Women's political participation and intrahousehold empowerment: evidence from
