In their article “The corrosive effect of corruption on trust in politicians: Evidence from a natural experiment”, the authors Macarena Ares and Enrique Hernàndez (2018) statistically exploit the coincidence of the disclosure of the Spanish 2013 Bárcenas corruption scandal during the survey collection for the European Social Survey (ESS). I replicate the paper and find some coding errors.
Adding to the omnipresent discussion of Artificial Intelligence (AI), this paper examines whether spiking US venture capital developed into a dotcom-like AI bubble. Analysing venture capital, patent, and stock market data from 1990 to 2018, the paper finds little evidence for an AI-related bubble. To avoid throwing all caution of AI bubbles to the winds, the paper recommends two policy approaches to take advantage of the development and avoid harmful future bubble spread.
Contributing to counter-racism strategies, this data essay analyses two data sets of survey experiments to give recommendations on how to react to subtly racial messages by the sitting President Donald Trump. The paper finds that pointing racism out works and should hence be done to make voters aware of the socially not acceptable behaviour. Furthermore, the limited impact from a single intervention on binary decisions encourages campaigners to call out repeatedly.
The German government provides subsidies to foster investments in broadband infrastructure – a key element in reaping economic and social benefits of digitalisation. This paper finds that the subsidies rely on flawed assumptions about the motivation and behaviour of subsidy-receiving telecom companies (free-riding fear, low demand, red tape) and suffers from ill-designed targets in its execution (time gaming, cream skim-ming administrative rivalry). Finally, it proposes policy recommendation.
Capital account openness promised developing countries a leap in their economic development. Instead, increased inequality, undermined bargaining power, crisis contagion, and procyclicality dismantled the paradigm as a “bogus claim”. The paper therefore calls for a more careful approach to capital mobility in developing as well as developed countries.
This paper discusses the introduction of the UBI in the Russian Federation by shortly presenting its theoretical approaches and the need for poverty reduction in the country. The paper argues that political feasibility for UBI is low as increasing taxes (required to finance the additional public spending) will be vetoed by politically and economically highly influential oligarchs that regard their wealth to be at risk from new taxation.