Political Alternation as a Restraint on Investing in Influence: Evidence from the Post-Communist Transition
We develop and implement a method for measuring the frequency of changes in power among distinct leaders and ideologically distinct parties that is comparable across political systems. We find that more frequent alternation in power is associated with the emergence of better governance in postcommunist countries. The results are consistent with the hypothesis that firms seek durable protection from the state, which implies that expected political alternation is relevant to the decision whether to invest in influence with the governing party or, alternatively, to demand institutions that apply predictable rules, with equality of treatment, regardless of the party in power.
|Date of creation:||30 Aug 2008|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Murshed, S. Mansoob, 2004. "When Does Natural Resource Abundance Lead to a Resource Curse?," Discussion Papers 24137, International Institute for Environment and Development, Environmental Economics Programme.
- Irina Slinko & Evgeny Yakovlev & Ekaterina Zhuravskaya, 2003.
"Laws for Sale: Evidence from Russia,"
w0031, Center for Economic and Financial Research (CEFIR).
- James A. Robinson & Ragnar Torvik & Thierry Verdier, 2003.
"Politcal Foundations of the Resource Curse,"
DELTA Working Papers
2003-33, DELTA (Ecole normale supérieure).
- Hellman, Joel S. & Jones, Geraint & Kaufmann, Daniel, 2003. "Seize the state, seize the day: state capture and influence in transition economies," Journal of Comparative Economics, Elsevier, vol. 31(4), pages 751-773, December.
- Daniel Lederman & Norman V. Loayza & Rodrigo R. Soares, 2005.
"Accountability And Corruption: Political Institutions Matter,"
Economics and Politics,
Wiley Blackwell, vol. 17, pages 1-35, 03.
- Lederman, Daniel & Loayza, Norman & Reis Soares, Rodrigo, 2001. "Accountability and corruption : political institutions matter," Policy Research Working Paper Series 2708, The World Bank.
- Yingyi Qian, 1999. "The Institutional Foundations of China's Market Transition," Working Papers 99011, Stanford University, Department of Economics.
- Gradstein, Mark & Milanovic, Branko & Ying, Yvonne, 2001.
"Democracy and income inequality : an empirical analysis,"
Policy Research Working Paper Series
2561, The World Bank.
- Mark Gradstein & Branko Milanovic & Yvonne Ying, 2001. "Democracy and Income In-Equality: An Empirical Analysis," CESifo Working Paper Series 411, CESifo Group Munich.
- Landes, William M & Posner, Richard A, 1975.
"The Independent Judiciary in an Interest-Group Perspective,"
Journal of Law and Economics,
University of Chicago Press, vol. 18(3), pages 875-901, December.
- William M. Landes & Richard A. Posner, 1975. "The Independent Judiciary in an Interest-Group Perspective," NBER Working Papers 0110, National Bureau of Economic Research, Inc.
- Besley, Timothy J. & Burgess, Robin, 2001.
"The Political Economy of Government Responsiveness: Theory and Evidence from India,"
CEPR Discussion Papers
2721, C.E.P.R. Discussion Papers.
- Timothy Besley & Robin Burgess, 2002. "The Political Economy Of Government Responsiveness: Theory And Evidence From India," The Quarterly Journal of Economics, MIT Press, vol. 117(4), pages 1415-1451, November.
- Timothy Besley & Robin Burgess, 2000. "The political economy of government responsiveness: theory and evidence from India," LSE Research Online Documents on Economics 2308, London School of Economics and Political Science, LSE Library.
- Timothy Besley & Robin Burgess, 2000. "The Political Economy of Government Responsiveness: Theory and Evidence from India," STICERD - Development Economics Papers - From 2008 this series has been superseded by Economic Organisation and Public Policy Discussion Papers 28, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
- Avinash Dixit & Gene M. Grossman & Faruk Gul, 2000. "The Dynamics of Political Compromise," Journal of Political Economy, University of Chicago Press, vol. 108(3), pages 531-568, June.
- Robert H. Bates, 2004. "On The Politics of Property Rights by Haber, Razo, and Maurer," Journal of Economic Literature, American Economic Association, vol. 42(2), pages 494-500, June.
- Karla Hoff & Joseph E. Stiglitz, 2002.
"After the Big Bang? Obstacles to the Emergence of the Rule of Law in Post-Communist Societies,"
NBER Working Papers
9282, National Bureau of Economic Research, Inc.
- Karla Hoff & Joseph E. Stiglitz, 2004. "After the Big Bang? Obstacles to the Emergence of the Rule of Law in Post-Communist Societies," American Economic Review, American Economic Association, vol. 94(3), pages 753-763, June.
- Hoff, Karla & Stiglitz, Joseph E., 2002. "After the Big Bang? Obstacles to the emergence of the rule of law in post-communist societies," Policy Research Working Paper Series 2934, The World Bank.
- Serguey Braguinsky, 2009. "Postcommunist Oligarchs in Russia: Quantitative Analysis," Journal of Law and Economics, University of Chicago Press, vol. 52(2), pages 307-349, 05.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:11829. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekkehart Schlicht)
If references are entirely missing, you can add them using this form.