6533b7d5fe1ef96bd126527a
RESEARCH PRODUCT
It’s a matter of confidence. Institutions, government stability and economic outcomes
Michela CellaGiovanna IannantuoniElena ManzoniLuca Bettarellisubject
Confidence voteEconomics and EconometricsSociology and Political ScienceExploitStability (learning theory)Confidence vote; Government stability; Parliamentary system; Presidential system;0502 economics and businessFinance internationale050602 political science & public administrationSelection (linguistics)Economics050207 economicsSettore SECS-P/01 - Economia PoliticaGovernmentPublic economicsPresidential system05 social sciencesLegislaturePresidential system0506 political scienceInternational political economySettore SECS-P/03 - Scienza delle FinanzeCohesion (chemistry)théorie et applications [Econométrie et méthodes statistiques]Government stabilityParliamentary systemSociologie politiqueFinancedescription
In this paper we analyse the effect of constitutional structures over policy outcomes. In particular, we exploit the heterogeneity in parliamentary systems deriving from the presence and the use of the confidence vote to investigate whether stable and unstable parliamentary systems behave differently in terms of the policies they implement. This finer partition of parliamentary systems allows us to identify effects that are more robust than the ones previously discussed in the literature. We show that the difference between presidential and parliamentary systems documented in previous works is driven by a difference between presidential and stable parliamentary systems. We suggest that possible transmission channels are legislative cohesion and (the absence of) selection.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2021-01-01 |