Political Alternation As A Restraint On Investing In Influence

Released on by Branko Milanovic
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  • Political Alternation As A Restraint On Investing In Influence Book Detail

  • Author : Branko Milanovic
  • Release Date : 2008
  • Publisher :
  • Genre : Post-communism
  • Pages :
  • ISBN 13 :
  • File Size : 26,26 MB
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Political Alternation As A Restraint On Investing In Influence by Branko Milanovic PDF Summary

Book Description: "The authors develop and implement a method for measuring the frequency of changes in power among distinct leaders and ideologically distinct parties that is comparable across political systems. The authors find that more frequent alternation in power is associated with the emergence of better governance in post communist countries. The results are consistent with the hypothesis that firms seek durable protection from the state, which implies that expected political alternation is relevant to the decision whether to invest in influence with the governing party or, alternatively, to demand institutions that apply predictable rules, with equality of treatment, regardless of the party in power."--World Bank web site.

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