Membership has its Privileges: On the Effects of Delegating Powers Internationally

Arbeitspapier

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 a new indicator. On the basis of 136 countries, various versions of an indicator of international delegation are highly significant for explaining variation in countries' credibility. The effect of international delegation on credibility is particularly strong among the group of lower income countries (N=60).

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Volkswirtschaftliche Diskussionsbeiträge ; No. 73

Classification and Topics

• Classification: Wirtschaft ; Socialist Systems and Transitional Economies: Political Economy; Property Rights ; International Law ; International Economic Order and Integration ; Structure, Scope, and Performance of Government ; International Investment; Long-term Capital Movements
• Subject: Delegation of Competence ; Credibility ; Dilemma of the Strong State ; International Organizations ; Wirtschaftspolitik ; Glaubwürdigkeit ; Internationale Organisation ; Mitgliedschaft ; Länderrisiko ; Schätzung ; Welt

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Voigt, Stefan
• Event: Veröffentlichung
• (who): Universität Kassel, Fachbereich Wirtschaftswissenschaften
• (where): Kassel
• (when): 2005

Further information

• Handle: http://hdl.handle.net/10419/23292
• Last update: 10.03.2025, 11:41 AM CET