Abstract of current analysis papers on Political Economic system

Francesco Trebbi and Ebonya Washington in this NBER Reporter article summarise a number of the current analysis on political economic system:

The mission of the NBER’s Political Economic system Program is to supply a discussion board for the dialogue and distribution of theoretical and empirical analysis that identifies and addresses political constraints on financial issues. This system flourished beneath the imaginative and prescient and management of founding director Alberto Alesina from its launch in 2006 till his premature demise in 2020. As codirectors, we’re grateful to him for shaping it into the energetic analysis hub it’s as we speak. This system at present has 95 associates, who’ve produced greater than 1,000 working papers because the final program report, in 2013.

Political Economic system is a broad-tent program by way of methodology, geography, time interval, and subjects coated. Members examine not solely what is perhaps considered conventional political economic system — the hyperlinks between economics and politics, such because the examine by Daron Acemoglu, Suresh Naidu, Pascual Restrepo, and James Robinson of how elections and establishments impression progress¹ — but additionally examine how forces like ethical values and behavioral impulses impression politics and economics. Benjamin Enke’s investigation of morality and voting² and Pietro Ortoleva and Erik Snowberg’s exploration of the position of overconfidence in political habits³ are however two examples of the latter.

We can’t cowl the total breadth of program associates’ output within the decade because the final report. We subsequently is not going to revisit the 4 subjects — establishments, variety, US elections, and tradition — that it highlighted, besides to say that they’re nonetheless extremely researched. As one illustration, Alberto Bisin and Paola Giuliano convene a full-day assembly on cultural economics adjoining to the spring program assembly. We spotlight as an alternative three completely different subjects on which program associates have centered their efforts: political polarization, state capability, and battle. All have giant welfare significance.

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