Democracy, Credibility, and Clientelism

Despite having adopted the political institutions of established democracies, democratizing countries display a systematically different pattern of fiscal outcomes. This article attributes these differences to the low credibility of electoral promises in new democracies. We study a model of electora...

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Bibliographic Details
Main Authors: Keefer, Philip, Vlaicu, Razvan
Language:EN
Published: 2012
Subjects:
Online Access:http://hdl.handle.net/10986/4611