全球智库信息集成服务系统(G2TT): External Shocks, Politics and Private Investment: Some Theory and Empirical Evidence

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w3960
来源ID	Working Paper 3960
	External Shocks, Politics and Private Investment: Some Theory and Empirical Evidence
	Sule Ozler; Dani Rodrik
发表日期	1992
出版年	1992
语种	英语
摘要	The manner in which the political system responds to external economic shocks in developing countries is a key determinant of the private investment response. We look at a simple model of political-economic equilibrium to make this intuition more precise. and develop the idea of a "political transmission mechanism." Even in the confines of this simple model, we find that ambiguities abound: domestic politics can magnify or dampen the effect of the external shock. In our empirical work. we find that a high level of urbanization magnifies the investment reduction in response to an external shock. This is consistent with the supposition that high levels of urbanization are conducive to distributive politics with pernicious economic effects. We also find that the provision of political rights is conducive to superior private investment behavior.
主题	International Economics ; International Macroeconomics
URL	https://www.nber.org/papers/w3960
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/561301
推荐引用方式 GB/T 7714	Sule Ozler,Dani Rodrik. External Shocks, Politics and Private Investment: Some Theory and Empirical Evidence. 1992.

条目包含的文件
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w3960.pdf（274KB）	智库出版物		限制开放	CC BY-NC-SA	浏览