Arbeitspapier

Does membership in international organizations increase governments' credibility? Testing the effects of delegating powers

This paper analyzes whether nation-state governments can increase their credibility by becoming members of international organizations. Credibility is an important asset because it determines the real interest rate and is expected to have an important impact on investment and growth. It is hypothesized that the degree of delegation to international organizations can improve the credibility of nation-state governments. This hypothesis is tested by introducing three new indicators for international delegation. On the basis of panel data for up to 136 countries and the time period from 1984 to 2004, membership in international organizations is significantly and robustly linked with better credibility, here proxied for by country risk ratings. Two more results stand out: the longer a country has had a high level of membership, the higher its credibility, ceteris paribus; and: the credibility-enhancing effect is strongest in countries whose domestic institutions are weak.

Sprache
Englisch

Erschienen in
Series: MAGKS Joint Discussion Paper Series in Economics ; No. 2008,19

Klassifikation
Wirtschaft
International Economic Order and Integration
International Investment; Long-term Capital Movements
Structure, Scope, and Performance of Government
International Law
Socialist Systems and Transitional Economies: Political Economy; Property Rights
Thema
Delegation of Competence
Credibility
Dilemma of the Strong State
International Organizations

Ereignis
Geistige Schöpfung
(wer)
Dreher, Axel
Voigt, Stefan
Ereignis
Veröffentlichung
(wer)
Philipps-University Marburg, Faculty of Business Administration and Economics
(wo)
Marburg
(wann)
2008

Handle
Letzte Aktualisierung
20.09.2024, 08:24 MESZ

Datenpartner

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Objekttyp

  • Arbeitspapier

Beteiligte

  • Dreher, Axel
  • Voigt, Stefan
  • Philipps-University Marburg, Faculty of Business Administration and Economics

Entstanden

  • 2008

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