Staff View: Social Polarization, Social Institutions, and Country Creditworthiness

Social Polarization, Social Institutions, and Country Creditworthiness

The literature argues that the presence of multiple veto players (government decisionmakers) with polarized interests increases the credibility of sovereign commitments, but reduces the ability of governments to adjust policies in the event of exog...

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Bibliographic Details
Main Authors:	Keefer, Philip, Knack, Stephen
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ABSOLUTE VALUE AGGREGATE INCOME AGRICULTURE ALTERNATIVE POLICIES ASSET INEQUALITY BUSINESS CYCLE CIVIL LIBERTIES COEFFICIENT ESTIMATES COLLECTIVE ACTION COMPETITIVENESS COUNTRY COVERAGE CRISES DEBT DEFICIT SPENDING DEMOCRACY DEMOCRATIC INSTITUTIONS DEPENDENT VARIABLE DEVELOPING COUNTRIES DISCOUNT RATES DISTRIBUTION OF INCOME ECONOMIC EXCHANGE ECONOMIC GROWTH ECONOMIC OUTCOMES ECONOMIC PERFORMANCE ECONOMIC POLICIES ECONOMIC POLICY EMPIRICAL WORK ENDOGENOUS VARIABLES ENFORCEABILITY ETHNIC DIVISIONS ETHNIC FRACTIONALIZATION ETHNIC GROUP ETHNIC GROUPS ETHNIC HOMOGENEITY ETHNIC POLARIZATION EXOGENOUS CHANGES EXOGENOUS SHOCKS EXTERNAL SHOCKS FREEDOM HOUSE GDP GINI COEFFICIENT GOVERNMENT DECISION MAKING HIGH INFLATION INCOME INCOME GROUPS INCOME GROWTH INCOME INEQUALITY INCOME INEQUALITY DATA INCOME LEVEL INCOME PER CAPITA INCOME TAXATION INEQUALITY COEFFICIENT INEQUALITY DATA INEQUALITY MEASURES INEQUALITY OBSERVATIONS INEQUALITY VARIABLES INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL ENVIRONMENT INSTITUTIONAL VARIABLES INTEREST RATE INTEREST RATES INVESTMENT CLIMATE LAND INEQUALITY LAND OWNERSHIP LINGUISTIC FRACTIONALIZATION LINGUISTIC GROUP LINK BETWEEN INEQUALITY AND GROWTH LORENZ CURVE MEAN VALUE MEASUREMENT ERROR MEDIAN VOTER MEDIAN VOTERS MONETARY POLICY MORAL HAZARD NEGATIVE COEFFICIENT NEGATIVE EFFECT NEGATIVE RELATIONSHIP NET EFFECT OIL PARLIAMENT PER CAPITA INCOME POLARIZATION MEASURES POLICY DECISIONS POLICY MAKING POLICY RESEARCH POLITICAL CONDITIONS POLITICAL CONFLICT POLITICAL ECONOMY POLITICAL FREEDOMS POLITICAL INSTITUTIONS POLITICAL PARTIES POLITICAL SCIENCE POLITICAL SCIENCE LITERATURE POLITICAL SYSTEMS POLITICAL VIOLENCE POSITIVE EFFECT PRIME MINISTER PROPERTY RIGHTS REGRESSION ANALYSIS REVERSE CAUSATION SIGNIFICANT NEGATIVE SOCIAL CONFLICT SOCIAL POLARIZATION TERMS OF TRADE VETO POWER WEALTH POLITICAL INSTITUTIONS GOVERNMENT DECISION-MAKING CREDITWORTHINESS GOVERNMENT COMMITMENTS POLITICAL ENVIRONMENT ETHNIC CONFLICT SOCIAL BEHAVIOR SOCIAL CONFLICTS SOCIAL ISOLATION INCOME LEVELS SOCIOECONOMIC CONDITIONS WEALTH
Online Access:	http://documents.worldbank.org/curated/en/2002/10/2054538/social-polarization-social-institutions-country-creditworthiness http://hdl.handle.net/10986/19227

Social Polarization, Social Institutions, and Country Creditworthiness

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