Publication
Dec 2011
This paper examines one channel of illicit campaign finance, namely India’s real estate sector. In developing countries where elections are costly and accountability mechanisms weak, politicians often turn to illicit means of financing campaigns. Using a novel monthly-level data set, the authors demonstrate that cement consumption does exhibit a political business cycle consistent with their hypothesis.
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English (PDF, 34 pages, 621 KB) |
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Author | Devesh Kapur, Milan Vaishnav |
Series | CGD Working Papers |
Issue | 276 |
Publisher | Center for Global Development (CGD) |
Copyright | © 2011 Center for Global Development (CGD) |