Politics and economics
The world has become healthier and wealthier since 1960, as measured by life expectancy and GDP per capita. In this column Angus Deaton introduces his new book and argues that the world is indeed a better place than it used to be, albeit with big setbacks, and that progress opens up vast inequalities.
Do voters care about economic outcomes? Evidence on this question, especially in the context of developing countries, is rather scant. This column reports the findings from analysis of the 2009 parliamentary elections in India. Voters favoured parties that delivered high growth in their states and rejected those that did not. The authors also find that voters preferred candidates who had served in the parliament before, were wealthy, educated, and affiliated with a large party.
Firms hoping for regulatory favours may direct their business purchases towards firms controlled by politicians, who benefit from the additional revenue. This column provides evidence from Italy consistent with this channel. It shows that the share of advertising on Berlusconi’s televisions increased while he was in power, and this even more so in the most regulated industries.
Other Recent Articles:
- Market mechanisms in retreat
- Political connections in turbulent times
- Money makes people right-wing and inegalitarian
- Can democracy help with inequality?
- Democracy inhibits ethnic favouritism
- Russia against EU’s Eastern Partnership
- Firearm background checks and suicide
- Costing secrecy
- Social incentives and campaign contributions
- Guns and votes
- Managing bureaucrats
- Democracy in Africa
- Happiness and voting
- ICC: Justice at the expense of peace?
- Japan’s consumption tax as a diversion
- Political challenges of the macroprudential agenda
- Who becomes a top politician in China?
- Bowling for Adolf: How social capital helped to destroy Germany’s first democracy
- What drives protests in Brazil? Corruption, ineptitude and elections
- Asymmetric oil: Fuel for conflict
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- The ECB’s stealth bailoutSinn
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
Claessens, 18 April 2014
Campos, Coricelli, Moretti
Ostry, Berg, Tsangarides
CEPR Policy Research
- The buyer margins of firms' exportsCarballo, Ottaviano, Volpe
- Commodity and Equity Markets: Some Stylized Facts from a Copula ApproachDelatte, Lopez
- Ethnic Unemployment Rates and Frictional MarketsGobillon, Rupert, Wasmer
- Finance and Poverty: Evidence from IndiaAyyagari, Beck, Hoseini
- The Manipulation of Basel Risk-WeightsMariathasan, Merrouche