Investing in the roots of your political ancestors
Pantelis Kammas,
Maria Poulima,
Vassilis Sarantides
Abstract:Using regional data for Greece over the period 1975-1989, we document the disproportionate allocation of public investment funds in favor of prefectures with many core supporters of the incumbent party. Our main evidence comes from an Instrumental Variables (IV) analysis that exploits the discontinuity in the political landscape of Greece after a brief military junta (1967)(1968)(1969)(1970)(1971)(1972)(1973)(1974) to link the parties established after 1974 with their ancestors from the same 'political family'… Show more
Set email alert for when this publication receives citations?
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.