Showing papers in "European Journal of Political Economy in 2003"

TL;DR: This paper explored the interplay between economic freedom, foreign direct investment (FDI) and economic growth using panel data analysis for a sample of 18 Latin American countries for 1970-1999 and found that economic freedom in the host country is a positive determinant of FDI inflows.

TL;DR: In this article, the authors address the issue of causality in the relationship between various types of institutions and long run economic growth and show that existing empirical studies of these relationships provide evidence of correlation, but not causation.

TL;DR: The authors integrated survey data on legal structure and government regulation into the EFW index and used it to develop a more comprehensive measure of economic freedom, including personal choice, voluntary exchange, freedom to compete, and protection of person and property.

TL;DR: The authors examined attitudes to tax evasion and found that tax evasion is condoned by a large proportion of the population, who are particularly ready to take advantage of someone else's evasion and the problem seems greatest among the young and men.

TL;DR: In this paper, the relation between tax mimicking and electoral accountability is investigated against the background of data on Spain and the results confirm the presence of tax-mimicking behaviour and indicate a relation between the tax mimickings and the electoral accountability.

TL;DR: This article examined the relationship between economic and political freedom, focusing on developing countries and concluded that increases in economic freedom between 1975 and 1990 are to some extent caused by the level of political freedom.

TL;DR: In this article, the authors measured the two conflicting aspects of judicial independence using two indicators: (i) de iure JI which focuses on legal foundations, and (ii) a de facto JI focusing on countries' actual experiences.

TL;DR: In this paper, the authors investigated the impact of various components of economic freedom on corruption and found that some types of regulation reduce corruption while others do not, and that there is a strong relation between economic freedom and corruption.

TL;DR: The authors found a significant inter-relationship between legal effectiveness and various measures of corruption, which suggests that corruption is a persistent phenomenon and that strong forces tend to perpetuate corruption at fairly constant levels.

TL;DR: In this article, the authors considered the trade-off between democracy and growth and found that the early introduction of democracy was in fact harmful for economic growth, whereas strong hand is needed to restore order and reinvigorate the economy.

TL;DR: This article explored empirically the impact of preceding growth and inflation crises on the extent of economic liberalization as measured by the Fraser Institute's Economic Freedom of the World-index and found that deep crises are conducive to market-oriented policy reforms.

TL;DR: In this paper, the authors calculate for each year the indifference age and median age as the age of the cohort that is not affected by the reform and the "median age", respectively, to determine whether the majority is in favour of reforms of the pension system.

TL;DR: This article analyzed the effect of IMF and World Bank policies on the composite index of economic freedom and its sub-indexes, using a panel of 85 countries observed between 1970 and 1997.

TL;DR: The authors examined the evolution of inequality in an overlapping generations model where each individual's human capital investment depends on quality of schools and showed that the income gap between the rich and the poor may widen even when the quality of public education is the same across all individuals.

TL;DR: This article reviewed the theoretical arguments that explain limited redistribution as an outcome of the political process and classified the contributions into two categories, according to whether it is the properties of political process that prevent the poor from politically implementing their will, or whether it was in the self-interest of the poor to refrain from radical redistribution.

TL;DR: In this article, the authors formalize the commonsensical hypothesis that resource scarcity causes a large allocation of time and effort to appropriative competition and show that this effect becomes stronger as resources become scarcer.

TL;DR: In this article, the authors investigated the effects of the implementation of the youth unemployment program (YUP) and found that the YUP has been partially successful in reducing Denmark's youth unemployment rate.

TL;DR: In this paper, a political economy analysis of the Habyarimana regime in Rwanda is presented, showing how, through the producer price of coffee, the dictator buys political loyalty from the peasant population, and how, in periods of economic growth, a dictator increases his level of personal consumption as well as power over the population.

TL;DR: The North American Economic Freedom Index as mentioned in this paper is an extension of the Economic Freedom of the World Index, which measures economic freedom on an international level and examines how economic freedom affects the level and the growth of economic activity.

TL;DR: This paper surveys the discussion and uses the economic freedom index to address the main controversy, which is the role of the state in the rapid growth that took place in the Tigers, a group of four to five East Asian countries that joined the rich Western countries after less than 50 years of “miraculous” growth.

TL;DR: This article examined the cyclicality in the school enrollment rates of various age groups in the US and found that the overall pattern is countercyclical and that schooling seems to respond negatively to the expected real interest rate.

TL;DR: This paper investigated empirically how three types of socio-political instability (elite, violent, and social) influence international aid allocation by donors and found that aid allocation depends on the type of instability (the effect of violent and elite instability is positive, whereas social instability has a negative influence).

TL;DR: In this article, the authors extend Myerson's models of elections based on Poisson games and show that when platforms are responsive to vote shares, the predictions of the model become consistent with several stylized facts, including the secular fall in turnout rates in the US.

TL;DR: In this paper, the authors analyze the public health administration's (PbHA) decisions on waiting lists for public treatments and show that the administration's incentives to reduce waiting lists are weakened by the presence of a private sector, and this effect is reinforced if private treatment fees are regulated, which implies that waiting time is longest in the latter case.

TL;DR: The authors found evidence of voter misperception of tax costs, with a systematic bias towards overestimation of tax burdens for VAT, contrary to predictions of the fiscal illusion literature, and integrated tax misperceptions into a model of demand for public expenditure.

TL;DR: The authors showed that the introduction of (inequity adverse) fair agents in a simple redistributive voting game reduces the political relevance of the middle class and increases the equilibrium level of redistribution.

TL;DR: This paper set out a political economy model where median voters who benefit from local income redistribution are affected by the fiscal burden of welfare payments to immigrants, and the median voters also have cultural preferences.

TL;DR: Sachs et al. as mentioned in this paper developed an economic-political model to explain why the convergence hypothesis fails even though good economic policies seem to be a sufficient condition for strong economic growth.

TL;DR: In this paper, the interaction between centralized monetary policy and decentralized fiscal policy in a monetary union with heterogeneous countries is explored, and the authors propose to adopt shock-contingent inflation targets to combat the monetary policy commitment problem.

TL;DR: The authors provides an introduction to the concept and measurement of economic freedom, and summarizes the contributions of this special issue, including a discussion of the relationship between economic freedom and the concept of economic security.