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Full-Text Articles in Social and Behavioral Sciences
Political Intrusion On Firms: Effects Of Elections On Bank Lending In India, Shivprasad Prabhakar Gunjal
Political Intrusion On Firms: Effects Of Elections On Bank Lending In India, Shivprasad Prabhakar Gunjal
Master's Theses
This paper examines the intrusion of political system on performance of Indian firms, employing state and constituency level financial borrowing panel data by firms from domestic banks from 2010 to 2015. Using conditional logistic and fixed effects regression models, the results suggests that firms located in regions aligned politically with the ruling party enjoy possible preferential access to financing from banks. We find average productivity efficiency loss of 2.77% in the short term as a result of politically motivated redistribution of scarce capital. These political effects are statistically robust to the inclusion of region fixed effects, time fixed effects and …
Essays On The Political Economy Of Intergovernmental Grants, Steven A. Gordon
Essays On The Political Economy Of Intergovernmental Grants, Steven A. Gordon
Theses and Dissertations--Economics
This dissertation focuses on how distributive politics influences the geographic allocation of federal grants to state and local governments. A secondary focus is the role of social trust in the growth of government. In the first essay, I test the degree to which the earmark ban of 2011 prevented legislators from directing federal competitive grants to their home congressional districts and whether earmarking distorted equality in the distribution of federal grants across demographic groups. I find that earmarking skewed the distribution of federal grants toward wealthy congressional districts and away from poor congressional districts. This is a groundbreaking finding, considering …