English, Article, Journal or magazine article edition: Political alternation as a restraint on investing in influence : evidence from the post-communist transition Milanovic, Branko; Hoff, Karla; Horowitz, Shale

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Bookmark: http://trove.nla.gov.au/version/186920
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Political Alternation as a Restraint on Investing in Influence: Evidence from the Post-Communist Transition
Author
  • Milanovic, Branko
  • Hoff, Karla
  • Horowitz, Shale
Physical Description
  • preprint
Notes
  • The authors develop and implement a method for measuring the frequency of changes in power among distinct leaders and ideologically distinct parties that is comparable across political systems. The authors find that more frequent alternation in power is associated with the emergence of better governance in post communist countries. The results are consistent with the hypothesis that firms seek durable protection from the state, which implies that expected political alternation is relevant to the decision whether to invest in influence with the governing party or, alternatively, to demand institutions that apply predictable rules, with equality of treatment, regardless of the party in power.
  • National Governance,Governance Indicators,Public Sector Corruption&​Anticorruption Measures,Parliamentary Government,Emerging Markets
  • RePEc:wbk:wbrwps:4747
  • We develop and implement a method for measuring the frequency of changes in power among distinct leaders and ideologically distinct parties that is comparable across political systems. We find that more frequent alternation in power is associated with the emergence of better governance in postcommunist countries. The results are consistent with the hypothesis that firms seek durable protection from the state, which implies that expected political alternation is relevant to the decision whether to invest in influence with the governing party or, alternatively, to demand institutions that apply predictable rules, with equality of treatment, regardless of the party in power.
  • Governance; transition; political alternation
  • RePEc:pra:mprapa:11829
Language
  • English
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