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|Title:||Betrayed by the elites: how corruption amplifies the political effects of recessions|
Solé Ollé, Albert
|Abstract:||We investigate whether corruption amplifies the political effects of economic crises. Using Spanish municipal-level data and a difference-in-difference strategy, we find that local unemployment shocks experienced during the Great Recession (2008-2015) increased political fragmentation. This effect was four times larger in municipalities exposed to malfeasance than in municipalities without a history of political corruption. We bolster this evidence by showing that, conditional on province and population strata fixed effects, there is no evidence of differential pre-trends. We also find that the interaction of unemployment and corruption harms the two traditional main parties and benefits especially the new party on the left (Podemos).|
|Note:||Versió postprint del document publicat a: https://doi.org/10.1177/00104140211047415|
|It is part of:||Comparative Political Studies, 2022, vol. 55, num. 7, p. 1095-1129|
|Appears in Collections:||Articles publicats en revistes (Economia)|
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