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Essays On Institutions And Development, Andrew Jonelis
Essays On Institutions And Development, Andrew Jonelis
Theses and Dissertations--Economics
The essays in this dissertation examine how political institutions affect economic development. In the first essay, I examine how executive control of the legislature shapes the time horizon of governing politicians and its effect on economic growth. The second essay examines how border changes over the past two centuries have provided different areas within modern countries with different institutional histories and how this affects the geographic concentration of economic activity. For the final essay, I examine whether elections have an effect on macroeconomic volatility when controlling for the democratic nature of the regime.
The Effect Of State-Level Constitutional Debt Limitations On The Costs Of Capital, Micah Johnson
The Effect Of State-Level Constitutional Debt Limitations On The Costs Of Capital, Micah Johnson
MPA/MPP/MPFM Capstone Projects
Forty-five states have adopted some form of constitutional limitation on their own legislature’s ability to issue debt and raise capital. Eleven states have more than one such limitation. It seems intuitive to assume that constitutional strictures on a state’s ability to manage its fiscal policy would affect that state’s standing in the market, and it seems equally safe to assume that different combinations of the various forms of debt limitation would lead to varying effects in the market from state to state. However, the specific effects arising from the various constitutional provisions have proven to be difficult to measure. This …