Political Cycles In A Developing Economy
DOWNLOAD
Download Political Cycles In A Developing Economy PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Political Cycles In A Developing Economy book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Political Cycles In A Developing Economy
DOWNLOAD
Author : Stuti Khemani
language : en
Publisher: World Bank Publications
Release Date : 2000
Political Cycles In A Developing Economy written by Stuti Khemani and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Business cycles categories.
Empirical results from India suggest that politicians exert greater effort in managing public works during election years. Surprisingly, there is no evidence of a populist spending spree to sway voters just before elections.
Political Cycles In A Developing Economy
DOWNLOAD
Author : Stuti Khemani
language : en
Publisher:
Release Date : 2016
Political Cycles In A Developing Economy written by Stuti Khemani and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
Empirical results from India suggest that politicians exert greater effort in managing public works during election years. Surprisingly, there is no evidence of a populist spending spree to sway voters just before elections.Khemani studies the effect of state legislative assembly elections on the policies of state governments in 14 major states of India, from 1960 to 1994. She identifies the effect of the timing of elections using an instrument for the electoral cycle that distinguishes between constitutionally scheduled elections and midterm polls. She contrasts two levers of policy manipulation-fiscal policy and public service delivery-to distinguish between alternative models of political cycles. The predictions of three models are tested:- Populist cycles to woo uninformed and myopic voters.- Signaling models with asymmetric information.- A moral hazard model with high discounting by political agents.The empirical results for fiscal policy show that election years have a negative effect on some commodity taxes, a positive effect on investment spending, but no effect on deficits, primarily because consumption spending is reduced. With regard to public service delivery, elections have a positive and large effect on road construction by state public works departments. Strikingly, the fiscal effects are much smaller than the effect on roads.Khemani argues that the pattern of evidence is inconsistent with the predictions of models of voter myopia and asymmetric information. She explores an alternative moral hazard model in which the cycle is generated by high political discounting and career concerns persuade politicans to exert greater effort in election years on the management of public works.This paper - a product of Public Economics, Development Research Group - is part of a larger effort in the group to understand the effect of political institutions on public policy. The author may be contacted at [email protected].
The Politics Of Exchange Rates In Developing Countries
DOWNLOAD
Author : Ralph Setzer
language : en
Publisher: Springer Science & Business Media
Release Date : 2006-09-21
The Politics Of Exchange Rates In Developing Countries written by Ralph Setzer and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-09-21 with Business & Economics categories.
This book considers the issue of exchange rate policymaking from a political economy perspective. It illustrates both theoretically and empirically how domestic political and institutional incentives shape exchange rate policies in developing countries. Empirical analysis is based on a panel survey of 47 countries and thereby provides insights on how political and institutional conditions typically affect exchange rate policy.
Political Cycles And The Macroeconomy
DOWNLOAD
Author : Alberto Alesina
language : en
Publisher: MIT Press
Release Date : 1997
Political Cycles And The Macroeconomy written by Alberto Alesina and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Business & Economics categories.
This book examines how electoral laws, the timing of election, the ideological orientation of governments, and the nature of competition between political parties influence unemployment, economic growth, inflation, and monetary and fiscal policy. The book presents both a thorough overview of the theoretical literature and a vast amount of empirical evidence.
Political Economy Of Policy Reform In Developing Countries
DOWNLOAD
Author : Anne O. Krueger
language : en
Publisher: MIT Press
Release Date : 2002-10
Political Economy Of Policy Reform In Developing Countries written by Anne O. Krueger and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-10 with Business & Economics categories.
In this examination of the political economy of economic policy determination and evolution in developing countries, Anne Krueger provides concrete insights into the interaction of economic and political variables that determine the success or failure of such policies an understanding that is essential if economists are to provide realistic technical assistance in the formulation of economic policy reform programs. The debt crisis of the 1980s accompanied an era of slow economic growth. Developing countries had widely divergent experiences. Some, like the East Asian countries, weathered the recession to resume and even accelerate growth and to lower their debt-servicing ratios. Others, like those in Africa and Latin America, fell into slow or even negative growth, were unable to tighten their debt burden, and experienced declines in per capita income. Krueger analyzes the interaction of politics and economics in experience with slow growth and debt crisis in terms of three major themes. The first is that politically determined policies have economic consequences that can and do change the political equilibrium that generated those policies. Second, the analysis of the political economy of economic policy determination in developed countries can only be undertaken on the basis of assumptions about the nature of government. These two themes, which have been taken up in current economics and political science literature, imply yet a third and less frequently noted proposition that neither economic policies or governments can be looked at as enduring phenomena. Both the nature of the government and the economic policies can be changed according to the political and economic responses one sets off in the other, resulting in various types of "policy cycles" that need to be better understood.
The Political Economy Of Innovation Development
DOWNLOAD
Author : Iurii Bazhal
language : en
Publisher: Springer
Release Date : 2017-06-27
The Political Economy Of Innovation Development written by Iurii Bazhal and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-06-27 with Business & Economics categories.
This book finds that the R&D and technological innovation of a country is not a result, but a factor, of sustained economic growth. Bazhal develops Schumpeter's theory to argue that genuine economic growth - especially in transitioning and developing countries - is only possible with innovation. With a particular focus on the work of Ukrainian economists, Tugan-Batanobvsky and Vernadsky, the text seeks to move the discipline forward and explain why innovation has become a primary factor of economic development in recent decades and why its role will become even more dominant in the future. Chapters interrogate whether modern economic theory can explain how we ensure the effective functioning of the market economy. The book shows that explanations of economists and politicians regarding the nature of the current economic and financial crisis, and the causes of huge gaps in levels of wealth in market economies, demonstrates that there are not enough satisfactory answers to this question.
Economic Cycles Crises And The Global Periphery
DOWNLOAD
Author : Leonid Grinin
language : en
Publisher: Springer
Release Date : 2016-10-25
Economic Cycles Crises And The Global Periphery written by Leonid Grinin and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-10-25 with Business & Economics categories.
This thought-provoking monograph analyzes long- medium- and short-term global cycles of prosperity, recession, and depression, plotting them against centuries of important world events. Major research on economic and political cycles is integrated to clarify evolving relationships between the global center and its periphery as well as current worldwide economic upheavals and potential future developments. Central to this survey are successive waves of industrial and, later, technological and cybernetic progress, leading to the current era of globalization and the changes of the roles of both Western powers and former minors players, however that will lead to the formation of the world order without a hegemon. Additionally, the authors predict what they term the Great Convergence, the lessening of inequities between the global core and the rest of the world, including the wealth gap between First and Third World nations. Among the topics in this ambitious volume: · Why politics is often omitted from economic analysis. · Why economic cycles are crucial to understanding the modern geopolitical landscape. · How the aging of the developed world will affect world technological and economic future.“/p> · The evolving technological forecast for Global North and South. · Where the U.S. is likely to stand on the future world stage. Economic Cycles, Crises, and the Global Periphery will inspire discussion and debate among sociologists, global economists, demographers, global historians, and futurologists. This expert knowledge is necessary for further research, proactive response, and preparedness for a new age of sociopolitical change.
Institutions And Collective Choice In Developing Countries
DOWNLOAD
Author : Mwangi S. Kimenyi
language : en
Publisher: Routledge
Release Date : 2019-05-23
Institutions And Collective Choice In Developing Countries written by Mwangi S. Kimenyi and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-05-23 with Political Science categories.
First published in 1999, this volume is written by seasoned public choice scholars and is intended to make a significant contribution to the debate on peaceful coexistence and sustainable development in developing countries. The book contains a rich mixture of analytical ideas and views on collective choice and macroeconomic performance in developing countries. This book breaks new ground in that it is the first comprehensive application of the theory of public choice to collective decision making in developing societies. It provides both students of Third World studies and policy makers in developing societies an in-depth analysis for institutions for collective choice. For countries undergoing major reform of their political and economic institutions, public choice theory can provide significant and useful insights, and help these societies design and adopt institutional arrangements that enhance peaceful coexistence of groups, the creation of wealth and sustainable development. Specifically, the book successfully shows that: (1) the application of economic theory to the study of public policy in the developing countries can provide important insights into collective decision-making; (2) the application of public choice theory to the study of developing societies can significantly improve the efficiency of bureaucratic and governmental systems, and consequently, promote economic, political and social development; and (3) public choice can help developing societies design and sustain effective laws and institutions for peaceful coexistence of groups and achieve sustainable development.
Deals And Development
DOWNLOAD
Author : Lant Pritchett
language : en
Publisher: Oxford University Press
Release Date : 2017-11-03
Deals And Development written by Lant Pritchett and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-11-03 with Business & Economics categories.
This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. When are developing countries able to initiate periods of rapid growth and why have so few of these countries been able to sustain growth over decades? Deals and Development: The Political Dynamics of Growth Episodes seeks to answer these questions and many more through a novel conceptual framework built from a political economy of business-government relations. Economic growth for most developing countries is not a linear process. Growth instead proceeds in booms and busts, yet most frameworks for thinking about economic growth are built on the faulty assumption that a country's economic performance is largely stable. Deals and Development explains how growth episodes emerge and when growth, once ignited, is maintained for a sustained period. It applies its new framework to examine the growth of countries across a range of institutional and political contexts in Africa and Asia, using the examples of Bangladesh, Cambodia, India, Malaysia, Thailand, Ghana, Liberia, Malawi, Rwanda and Uganda. Through these country analyses it demonstrates the explanatory power of its framework and the importance of feedback cycles in which economic trends interact with political behaviour to either sustain or terminate a growth episode. Offering a lens through which to analyse complex scenarios and unwieldy amounts of information, this book provides actionable levers of intervention to bring around reform and improve a country's chance at achieving transformative economic growth.
Fiscal Policy Over The Election Cycle In Low Income Countries
DOWNLOAD
Author : Mr.Christian Ebeke
language : en
Publisher: International Monetary Fund
Release Date : 2013-06-26
Fiscal Policy Over The Election Cycle In Low Income Countries written by Mr.Christian Ebeke and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-06-26 with Business & Economics categories.
Focusing on Low-Income Countries, we investigate the behavior of fiscal variables during and after elections. The results indicate that during election years, government consumption significantly increases and leads to higher fiscal deficits. During the two years following elections, the fiscal adjustment takes the form of increased revenue mobilization in trade taxes and cuts to government investment, with no significant cuts in government consumption. Using a new dataset on national fiscal rules and IMF programs, we find that both the presence of fiscal rules and IMF programs help dampen the magnitude of the political budget cycle in LICs. We conclude that elections not only imply a macroeconomic cost when they take place but also trigger a painful fiscal adjustment in which public investment is largely sacrificed.