Partisan Politics and Stock Market Capitalization당파성의 정치와 주식시장의 발전

Cited 0 time in webofscience Cited 0 time in scopus
  • Hit : 333
  • Download : 0
Conventional wisdom assumes that pro-labor left-wing politics frightens investors. Literature challenging the traditional approach shows that a pro-labor government encourages investment to create job opportunities to promote labor income. This study argues that the effect of partisan balance of power on the stock market is conditional upon the size of the fixed capital investment. The empirical analysis, with the data of advanced industrial democracies from 1988 to 2007, indicates that a left-wing party in power promotes stock market investment when the size of fixed capital investment is small, while the effect of partisanship disappears with the large amount of fixed capital investment.
Publisher
경북대학교 사회과학기초자료연구소
Issue Date
2016-03
Language
Korean
Citation

연구방법논총, v.1, no.1, pp.1 - 35

ISSN
2508-2183
DOI
10.21487/jrm.2016.05.1.1.1
URI
http://hdl.handle.net/10203/240992
Appears in Collection
HSS-Journal Papers(저널논문)
Files in This Item
There are no files associated with this item.

qr_code

  • mendeley

    citeulike


rss_1.0 rss_2.0 atom_1.0