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The effect of remittances prior to an election
Abstract : This paper focuses on the relationships between remittances, elections, and government consumption as a percentage of GDP. We combine data from the National Elections across Democracy and Autocracy (NELDA) dataset compiled and discussed in Hyde and Marinov (2012) and the World Development Indicators dataset. We focus on 70 young democracies in the developing world. The period under investigation is 1990-2010. The main objective of the paper is to assess whether remittances have an influence on the political manipulation, which may occur prior to an election, through in increase in the government consumption-to-GDP-ratio. It appears that remittances dampen the political business cycle (PBC). Furthermore, the PBC is reduced up to the point where it is fully cancelled out at a remittance threshold of 10.7 percent of GDP. Those findings are robust to different econometric strategies and robustness checks.
Keywords :
Political Business Cycles
Remittances
Littérature citée [46 références]
https://halshs.archives-ouvertes.fr/halshs-00826999
Contributeur : Cerdi Etudes & Documents - Publications <>
Soumis le : mardi 28 mai 2013 - 16:50:51
Dernière modification le : dimanche 19 janvier 2020 - 18:38:23
Document(s) archivé(s) le : jeudi 29 août 2013 - 08:40:07
Contributeur : Cerdi Etudes & Documents - Publications <>
Soumis le : mardi 28 mai 2013 - 16:50:51
Dernière modification le : dimanche 19 janvier 2020 - 18:38:23
Document(s) archivé(s) le : jeudi 29 août 2013 - 08:40:07
Fichier
2013.07.pdf
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