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Electoral Cycles and Project Outcomes

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  • Saibal Ghosh

    (Centre for Advanced Financial Research and Learning)

Abstract

Using a novel dataset on announced project-level investments, we examine the determination of project outcomes and the role of elections. Using India as a case study, the findings suggest that projects announced by state-owned enterprises (SOEs) exhibit a lower probability of completion. Furthermore, we show that projects announced by SOEs have a higher probability of being abandoned. Our results are consistent with the political view of government ownership where elected representatives make investment promises that are subsequently reneged.

Suggested Citation

  • Saibal Ghosh, 2018. "Electoral Cycles and Project Outcomes," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 16(2), pages 527-552, June.
    • Handle: RePEc:spr:jqecon:v:16:y:2018:i:2:d:10.1007_s40953-017-0080-9
    DOI: 10.1007/s40953-017-0080-9
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    Cited by:

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    2. Saibal Ghosh, 2023. "Political connections and bank behaviour," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 52(1), February.

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    More about this item

    Keywords

    Project; Abandoned; State-owned; Election; India;
    All these keywords.

    JEL classification:

    • G - Financial Economics
    • G - Financial Economics

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