G2TT
来源类型Discussion paper
规范类型论文
来源IDDP5991
DP5991 The Economics of Prozac (Do Employees Really Gain from Strong Employment Protection?)
Etienne Wasmer
发表日期2006-12-10
出版年2006
语种英语
摘要In immature democracies, businessmen run for public office to gain direct control over policy; in mature democracies they typically rely on other means of influence. We develop a simple model to show that businessmen run for office only when two conditions hold. First, as in many immature democracies, institutions that make reneging on campaign promises costly must be poorly developed. In such environments, office holders have monopoly power that can be used to extract rents, and businessmen run to capture those rents. Second, the returns to businessmen from policy influence must not be too large, as otherwise high rents from holding office draw professional politicians into the race, crowding out businessmen candidates. Analysis of data on Russian gubernatorial elections supports these predictions. Businessman candidates are less likely 1) in regions with high media freedom and government transparency, institutions that raise the cost of reneging on campaign promises, and 2) in regions where returns to policy influence (measured by regional resource abundance) are large, but only where media are unfree and government nontransparent.
主题Development Economics ; Public Economics
关键词Political connections Businessman candidates Immature democracy Media freedom Government transparency Strength of political parties
URLhttps://cepr.org/publications/dp5991
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/534826
推荐引用方式
GB/T 7714
Etienne Wasmer. DP5991 The Economics of Prozac (Do Employees Really Gain from Strong Employment Protection?). 2006.
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