کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
986816 1480806 2015 20 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Politico-economic equivalence
ترجمه فارسی عنوان
همبستگی سیاسی و اقتصادی
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی

Traditional “economic equivalence” results, like the Ricardian equivalence proposition, define equivalence classes over exogenous policies. We derive “politico-economic equivalence” conditions that apply in environments where policy is endogenous and chosen sequentially. A policy regime and a state are equivalent to another such pair if both pairs give rise to the same allocation in politico-economic equilibrium. The equivalence conditions help to identify factors that render institutional change non-neutral and to construct politico-economic equilibria in new policy regimes. We exemplify their use in the context of several applications, relating to social security reform, tax-smoothing policies and measures to correct externalities.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Review of Economic Dynamics - Volume 18, Issue 4, October 2015, Pages 843–862
نویسندگان
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