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UID:db26e565fde99ff3a042a2bc1ad8b8a5
CATEGORIES:Seminars
CREATED:20170418T182412
SUMMARY:Lunch Seminar: Nancy Qian - Yale University
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:Trust, Growth and Political Stability \nAbstract:\n Based on real-world obs
 ervations, we postulate that economic recessions can result in very differe
 nt political outcomes across countries according to the underlying level of
  social trust: citizens in high trust societies are less likely to attribut
 e blame for poor macroeconomic performance to their politicians than those 
 in low trust societies. We empirically test this view by examining the hete
 rogeneous effect of recessions on political turnover across countries. Esti
 mates show that economic downturns are less likely to cause turnover in cou
 ntries with higher levels of trust. The results are driven by countries whi
 ch are stable democracies, open economies, and economies with no recent his
 tory of recession. The results are consistent with our hypothesis.\n
DTSTAMP:20260406T181034Z
DTSTART:20160713T130000Z
DTEND:20160713T140000Z
SEQUENCE:0
TRANSP:OPAQUE
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