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Political alternation as a restraint on investing in influence : evidence from the post-communist transition, Volume 1
Author:Milanovic, Branko; Hoff, Karla; Horowitz, Shale; Country:World;
Date Stored:2008/10/06Document Date:2008/10/01
Document Type:Policy Research Working PaperSubTopics:National Governance; Governance Indicators; Public Sector Corruption & Anticorruption Measures; Parliamentary Government; Emerging Markets
Language:EnglishMajor Sector:Public Administration
Rel. Proj ID:CN-Research Program On Poverty And Inequality -- -- P079124;Region:The World Region
Report Number:WPS4747Sub Sectors:Other Public Administration
Collection Title:Policy Research working paper ; no. WPS 4747Paper is funded by the Knowledge for Change Program (KCP)TF No/Name:TF030646-SPANISH CTF - FY05 (CHINA, PHILIPPINES, & VIETNAM/ALL SECTORS & THEMES); TF053492-KCP:EVALUATING
Volume No:1  

Summary: 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.

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