全球智库信息集成服务系统(G2TT): DP14371 Structural Reforms and Elections: Evidence from a World-Wide New Dataset

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP14371
	DP14371 Structural Reforms and Elections: Evidence from a World-Wide New Dataset
	Alberto Alesina; Davide Furceri; Jonathan D. Ostry; Chris Papageorgiou; Dennis Quinn
发表日期	2020-01-31
出版年	2020
语种	英语
摘要	We assemble two unique databases. One is on reforms in domestic finance, external finance, trade, product markets and labor markets, which covers 90 advanced and developing economies from 1973 to 2014. The other is on electoral results and timing of elections. In the 66 democracies considered in the paper, we show that liberalizing reforms engender benefits for the economy, but they materialize only gradually over time. Partly because of this delayed effect, and possibly because voters are impatient or do not anticipate future benefits, liberalizing reforms are costly to incumbents when implemented close to elections. We also find that the electoral effects depend on the state of the economy at the time of reform: reforms are penalized during contractions; liberalizing reforms undertaken in expansions are often rewarded. Voters seem to attribute current economic conditions to the reforms without gully internalizing the delay that it takes for reforms to bear fruit.
主题	Public Economics
关键词	Elections Reform Regulation Finance Capital account Current account Trade Product market Labor market Employment protection
URL	https://cepr.org/publications/dp14371
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/543263
推荐引用方式 GB/T 7714	Alberto Alesina,Davide Furceri,Jonathan D. Ostry,et al. DP14371 Structural Reforms and Elections: Evidence from a World-Wide New Dataset. 2020.