Article(electronic)2007

Polarisation, uncertainty and public investment failure

In: European journal of political economy, Volume 23, Issue 4, p. 1077-1087

Bohn, Frank

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Abstract

In a political economy model, the effect of political polarisation on a government's intertemporal choice between redistribution and public investment is shown to be similar to the effect of political uncertainty. Moreover, polarisation and uncertainty reinforce one another in their impact on public underinvestment and may ultimately lead to no investment at all. [Copyright 2007 Elsevier B.V.]

Subjects

Developing CountriesInvestmentPolitical EconomyStabilityPatronageEthnic GroupsPublic Finance

Languages

English

Publisher

Elsevier Science, Amsterdam The Netherlands

ISSN: 1873-5703

DOI

10.1016/j.ejpoleco.2006.11.004

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