Polarisation, uncertainty and public investment failure |
| |
| Authors: | Frank Bohn |
| |
| Affiliation: | aRadboud University Nijmegen, Department of Economics (Thomas van Aquinostraat 5.1.14), P.O. Box 9108, 6500 HK Nijmegen, The Netherlands |
| |
| 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. |
| |
| Keywords: | Political instability Clientelism Ethno-linguistic fractionalisation Public finance Political economy Developing countries |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
