G2TT
来源类型Discussion paper
规范类型论文
来源IDDP6164
DP6164 Political Careers or Career Politicians?
Antonio Merlo; Andrea Mattozzi
发表日期2007-03-02
出版年2007
语种英语
摘要We analyze the impact of micro-founded political institutions on economic growth in an overlapping-generations economy, where individuals differ in preferences over a public good (as well as in age). Labour and capital taxes finance the public good and a public input. The benchmark institution is a parliament, where all decisions are taken. Party entry, parliamentary composition, coalition formation, and bargaining are endogenous. We compare this constitution to delegation of decision-making, where a spending minister (elected in parliament or appointed by the largest party). Delegation of decision-making tends to yield lower growth, mainly due to the occurrence of production inefficiency.
主题Public Economics
关键词Bargaining Endogenous growth Overlapping generations Taxation Voting
URLhttps://cepr.org/publications/dp6164
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/535002
推荐引用方式
GB/T 7714
Antonio Merlo,Andrea Mattozzi. DP6164 Political Careers or Career Politicians?. 2007.
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