Suchergebnisse

AbstractRecent years have witnessed a growing aversion to immigration worldwide and, at the same time, radicalization of public opinion on the issue. This paper explores the relationship between media news and individual attitudes to immigration. We run an empirical analysis whereby an index capturing individuals' pro-immigration attitude, measured in 19 countries, is regressed over indexes capturing the coverage and tone of media news about immigration. We find that pro-immigration attitudes are negatively correlated with media coverage and the negative tone of news. However, this correlation is significant only for those with high trust in the media. In the case of low trust, higher coverage of immigration and a negative news slant make previous preferences and beliefsvis-à-visimmigration more extreme, yielding a lower pro-immigration index for those politically on the right, while the opposite applies to those on the left. The pro-immigration index is constructed by means of fuzzy methods to account for the many aspects defining attitudes to immigration.

Ce travail examine les effets du terrorisme sur la croissance économique en Inde. En utilisant un modèle de Markov à changement de régime, on trouve des preuves que le terrorisme a des effets importants et négatifs sur la croissance économique de l'Inde. Nos résultats empiriques montrent aussi que l'ampleur de ces effets est plus grande dans des périodes de haute croissance économique. Enfin, nous comparons l'ampleur des effets de « brutalité » et de « fréquence » des attaques terroristes et nous concluons que l'effet de « fréquence » est légèrement plus élevé que l'effet de « brutalité ». JEL Classification: C32, E2.

© 2015 The Authors. This paper estimates the magnitudes of government spending and tax multipliers within a regime-switching framework for the U.S. economy during the period 1949:1-2006:4. Our results show that the magnitudes of spending multipliers are larger during periods of low economic activity, while the magnitudes of tax multipliers are larger during periods of high economic activity. We also show that the magnitudes of fiscal multipliers got smaller for episodes of low growth, while they got larger for episodes of high growth in the post 1980 period. Analyzing the effects of government spending and taxes on consumption and investment spending indicates that the magnitude of the effects of fiscal shocks on consumption and investment is very small.