{"id":"https://openalex.org/W2000178413","doi":"https://doi.org/10.1111/j.1538-4616.2009.00285.x","title":"Capitalizing on Partisan Politics? The Political Economy of Sector\u2010Specific Redistribution in Germany","display_name":"Capitalizing on Partisan Politics? The Political Economy of Sector\u2010Specific Redistribution in Germany","publication_year":2010,"publication_date":"2010-03-01","ids":{"openalex":"https://openalex.org/W2000178413","doi":"https://doi.org/10.1111/j.1538-4616.2009.00285.x","mag":"2000178413"},"language":"en","primary_location":{"id":"doi:10.1111/j.1538-4616.2009.00285.x","doi":"https://doi.org/10.1111/j.1538-4616.2009.00285.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1538-4616.2009.00285.x","pdf_url":null,"source":{"id":"https://openalex.org/S2058785","display_name":"Journal of money credit and banking","issn_l":"0022-2879","issn":["0022-2879","1538-4616"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1","jufo-2","norway-2","poland-140","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Money, Credit and Banking","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5050040973","display_name":"Michael M. Bechtel","orcid":"https://orcid.org/0000-0002-6080-5367","observed_orcids":["https://orcid.org/0000-0002-6080-5367","https://orcid.org/0000-0002-1452-3289","https://orcid.org/0000-0002-8382-4923"]},"institutions":[{"id":"https://openalex.org/I35440088","display_name":"ETH Zurich","ror":"https://ror.org/05a28rw58","country_code":"CH","type":"education","lineage":["https://openalex.org/I2799323385","https://openalex.org/I35440088"]}],"countries":["CH"],"is_corresponding":true,"raw_author_name":"MICHAEL M. BECHTEL","raw_affiliation_strings":["Michael M. Bechtel is Senior Researcher at ETH Zurich, Swiss Federal Institute of Technology, Center for Comparative and International Studies, WEC C 25, Weinbergstrasse 11, CH-8092 Zu\u0308rich, Switzerland (E-mail: [email protected] )","Michael M. Bechtel is Senior Researcher at ETH Zurich, Swiss Federal Institute of Technology, Center for Comparative and International Studies, WEC C 25, Weinbergstrasse 11, CH\u20108092 Z\u00fcrich, Switzerland (E\u2010mail: michael.bechtel@ir.gess.ethz.ch)"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Michael M. Bechtel is Senior Researcher at ETH Zurich, Swiss Federal Institute of Technology, Center for Comparative and International Studies, WEC C 25, Weinbergstrasse 11, CH-8092 Zu\u0308rich, Switzerland (E-mail: [email protected] )","institution_ids":["https://openalex.org/I35440088"]},{"raw_affiliation_string":"Michael M. Bechtel is Senior Researcher at ETH Zurich, Swiss Federal Institute of Technology, Center for Comparative and International Studies, WEC C 25, Weinbergstrasse 11, CH\u20108092 Z\u00fcrich, Switzerland (E\u2010mail: michael.bechtel@ir.gess.ethz.ch)","institution_ids":["https://openalex.org/I35440088"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5079604016","display_name":"Roland F\u00fcss","orcid":"https://orcid.org/0000-0002-3050-2621","observed_orcids":["https://orcid.org/0000-0002-3050-2621"]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"ROLAND F\u00dcSS","raw_affiliation_strings":["Roland Fu\u0308ss is Professor of Finance and holds the Union Investment Chair of Asset Management at the European Business School (EBS), International University Schloss Reichartshausen, D-65375 Oestrich-Winkel, Germany (E-mail: [email protected] )","Roland F\u00fcss is Professor of Finance and holds the Union Investment Chair of Asset Management at the European Business School (EBS), International University Schloss Reichartshausen, D\u201065375 Oestrich\u2010Winkel, Germany (E\u2010mail: roland.fuess@ebs.edu)"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Roland Fu\u0308ss is Professor of Finance and holds the Union Investment Chair of Asset Management at the European Business School (EBS), International University Schloss Reichartshausen, D-65375 Oestrich-Winkel, Germany (E-mail: [email protected] )","institution_ids":[]},{"raw_affiliation_string":"Roland F\u00fcss is Professor of Finance and holds the Union Investment Chair of Asset Management at the European Business School (EBS), International University Schloss Reichartshausen, D\u201065375 Oestrich\u2010Winkel, Germany (E\u2010mail: roland.fuess@ebs.edu)","institution_ids":[]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5050040973","https://openalex.org/A5079604016"],"corresponding_institution_ids":["https://openalex.org/I35440088"],"apc_list":{"value":3800,"currency":"USD","value_usd":3800},"apc_paid":null,"fwci":4.4575,"has_fulltext":false,"cited_by_count":22,"citation_normalized_percentile":{"value":0.94361151,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":98},"biblio":{"volume":"42","issue":"2-3","first_page":"203","last_page":"235"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.43459999561309814,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.43459999561309814,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11621","display_name":"Fiscal Policies and Political Economy","score":0.23749999701976776,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.1080000028014183,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/partisanship","display_name":"partisanship","score":0.7440000176429749},{"id":"https://openalex.org/keywords/government-partisanship","display_name":"government partisanship","score":0.824999988079071},{"id":"https://openalex.org/keywords/political-economy","display_name":"political economy","score":0.4339999854564667},{"id":"https://openalex.org/keywords/campaign-contributions","display_name":"campaign contributions","score":0.6209999918937683},{"id":"https://openalex.org/keywords/stock-returns","display_name":"stock returns","score":0.6520000100135803},{"id":"https://openalex.org/keywords/sectoral-stock-returns","display_name":"sectoral stock returns","score":0.4880000054836273},{"id":"https://openalex.org/keywords/defense-industry","display_name":"defense industry","score":0.7089999914169312},{"id":"https://openalex.org/keywords/pharmaceutical-industry","display_name":"pharmaceutical industry","score":0.8999999761581421},{"id":"https://openalex.org/keywords/consumer-sector","display_name":"consumer sector","score":0.9020000100135803},{"id":"https://openalex.org/keywords/electoral-prospects","display_name":"electoral prospects","score":0.6520000100135803},{"id":"https://openalex.org/keywords/germany","display_name":"Germany","score":0.5360000133514404}],"concepts":[{"id":"https://openalex.org/C74080474","wikidata":"https://www.wikidata.org/wiki/Q7305975","display_name":"Redistribution (election)","level":3,"score":0.7490124702453613},{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.7259488701820374},{"id":"https://openalex.org/C158071213","wikidata":"https://www.wikidata.org/wiki/Q7257","display_name":"Ideology","level":3,"score":0.6581716537475586},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.6065143942832947},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5942877531051636},{"id":"https://openalex.org/C555826173","wikidata":"https://www.wikidata.org/wiki/Q7174","display_name":"Democracy","level":3,"score":0.5470706224441528},{"id":"https://openalex.org/C138921699","wikidata":"https://www.wikidata.org/wiki/Q47555","display_name":"Political economy","level":1,"score":0.4038692116737366},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.35873734951019287},{"id":"https://openalex.org/C105639569","wikidata":"https://www.wikidata.org/wiki/Q582577","display_name":"Economic policy","level":1,"score":0.3338615894317627},{"id":"https://openalex.org/C145236788","wikidata":"https://www.wikidata.org/wiki/Q28161","display_name":"Labour economics","level":1,"score":0.3270018398761749},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.23135331273078918},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.22516214847564697},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0}],"mesh":[],"locations_count":5,"locations":[{"id":"doi:10.1111/j.1538-4616.2009.00285.x","doi":"https://doi.org/10.1111/j.1538-4616.2009.00285.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1538-4616.2009.00285.x","pdf_url":null,"source":{"id":"https://openalex.org/S2058785","display_name":"Journal of money credit and banking","issn_l":"0022-2879","issn":["0022-2879","1538-4616"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1","jufo-2","norway-2","poland-140","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Money, Credit and Banking","raw_type":"journal-article"},{"id":"pmh:oai:researchonline.gcu.ac.uk:openaire_cris_publications/e669eac9-8e01-4289-bfdf-759b7ce45354","doi":null,"is_oa":false,"landing_page_url":"https://researchonline.gcu.ac.uk/en/publications/e669eac9-8e01-4289-bfdf-759b7ce45354","pdf_url":null,"source":{"id":"https://openalex.org/S4306402566","display_name":"ResearchOnline (Glasgow Caledonian University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I195939026","host_organization_name":"Glasgow Caledonian University","host_organization_lineage":["https://openalex.org/I195939026"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":"Bechtel, M M & F\u00fcss, R 2010, 'Capitalizing on partisan politics? The political economy of sector-specific redistribution in Germany', Journal of Money, Credit and Banking, vol. 42, no. 2-3, pp. 203\u2013235. https://doi.org/10.1111/j.1538-4616.2009.00285.x","raw_type":"info:eu-repo/semantics/publishedVersion"},{"id":"pmh:oai:RePEc:mcb:jmoncb:v:42:y:2010:i:2-3:p:203-235","doi":null,"is_oa":false,"landing_page_url":"http://www.blackwell-synergy.com/doi/abs/10.1111/j.1538-4616.2009.00285.x","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"article"},{"id":"pmh:oai:alexandria.unisg.ch:20.500.14171/96672","doi":null,"is_oa":false,"landing_page_url":"https://www.alexandria.unisg.ch/handle/20.500.14171/96672","pdf_url":null,"source":{"id":"https://openalex.org/S4306400650","display_name":"Alexandria (UniSG) (University of St.Gallen)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I4210158813","host_organization_name":"St.Gallen University of Teacher Education","host_organization_lineage":["https://openalex.org/I4210158813"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"journal article"},{"id":"pmh:oai:www.alexandria.unisg.ch:216279","doi":null,"is_oa":false,"landing_page_url":"http://www.alexandria.unisg.ch/216279/","pdf_url":null,"source":{"id":"https://openalex.org/S4306400650","display_name":"Alexandria (UniSG) (University of St.Gallen)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I4210158813","host_organization_name":"St.Gallen University of Teacher Education","host_organization_lineage":["https://openalex.org/I4210158813"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Journal paper"}],"best_oa_location":null,"sustainable_development_goals":[{"score":0.47620001435279846,"display_name":"Peace, justice, and strong institutions","id":"https://metadata.un.org/sdg/16"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":78,"referenced_works":["https://openalex.org/W578769217","https://openalex.org/W595462474","https://openalex.org/W627371436","https://openalex.org/W1486785686","https://openalex.org/W1536948983","https://openalex.org/W1539638511","https://openalex.org/W1572719580","https://openalex.org/W1883900955","https://openalex.org/W1968801221","https://openalex.org/W1976694415","https://openalex.org/W1978574164","https://openalex.org/W1979790196","https://openalex.org/W1980718020","https://openalex.org/W1984691245","https://openalex.org/W1985808284","https://openalex.org/W1997644161","https://openalex.org/W2005452036","https://openalex.org/W2009659525","https://openalex.org/W2011263548","https://openalex.org/W2014709540","https://openalex.org/W2030172216","https://openalex.org/W2031111500","https://openalex.org/W2032228748","https://openalex.org/W2032792074","https://openalex.org/W2033815796","https://openalex.org/W2038653692","https://openalex.org/W2049028656","https://openalex.org/W2054477007","https://openalex.org/W2061160212","https://openalex.org/W2066763925","https://openalex.org/W2071314578","https://openalex.org/W2076664493","https://openalex.org/W2080642065","https://openalex.org/W2080715890","https://openalex.org/W2083418880","https://openalex.org/W2085752922","https://openalex.org/W2089314759","https://openalex.org/W2093767620","https://openalex.org/W2094887782","https://openalex.org/W2108978999","https://openalex.org/W2114078650","https://openalex.org/W2122016003","https://openalex.org/W2123343520","https://openalex.org/W2128573368","https://openalex.org/W2131773668","https://openalex.org/W2133339157","https://openalex.org/W2133469585","https://openalex.org/W2139080644","https://openalex.org/W2142463541","https://openalex.org/W2147220823","https://openalex.org/W2155082253","https://openalex.org/W2155360036","https://openalex.org/W2159049590","https://openalex.org/W2164635708","https://openalex.org/W2169157059","https://openalex.org/W2170566075","https://openalex.org/W2176714384","https://openalex.org/W2199100161","https://openalex.org/W2313180144","https://openalex.org/W2321687906","https://openalex.org/W2322699075","https://openalex.org/W2326211676","https://openalex.org/W2329423875","https://openalex.org/W2332658149","https://openalex.org/W2987186025","https://openalex.org/W3011865677","https://openalex.org/W3121181025","https://openalex.org/W3123931404","https://openalex.org/W3124000932","https://openalex.org/W3125436505","https://openalex.org/W3125847685","https://openalex.org/W4213432400","https://openalex.org/W4231546411","https://openalex.org/W4237071570","https://openalex.org/W4242163572","https://openalex.org/W4243864964","https://openalex.org/W4246511965","https://openalex.org/W4248618086"],"related_works":["https://openalex.org/W7027059115","https://openalex.org/W2108978999","https://openalex.org/W188144795","https://openalex.org/W2148215383","https://openalex.org/W3022440564","https://openalex.org/W2518624813","https://openalex.org/W2155360036","https://openalex.org/W2163592528","https://openalex.org/W4400320649","https://openalex.org/W1974102557"],"abstract_inverted_index":{"This":[0,89],"paper":[1],"studies":[2],"the":[3,62,65,76,93,111,114,133,141,151,157,168],"redistributive":[4],"effects":[5],"of":[6,67,79,95,116,143,159],"government":[7,126,146],"partisanship":[8],"on":[9,17,92],"economic":[10,72],"sectors":[11,73],"in":[12,31,42,83,140],"a":[13,18,80,124,144],"parliamentary":[14],"democracy.":[15],"Based":[16],"rational":[19],"partisan":[20],"perspective":[21],"and":[22,48,60,64,113,118,155],"policy\u2010induced":[23],"campaign":[24],"contribution":[25],"models,":[26],"we":[27,56],"expect":[28],"that":[29,110,170],"once":[30],"office,":[32],"ideologically":[33,102],"different":[34,40,103],"parties":[35,171],"deliver":[36],"favorable":[37],"policies":[38],"to":[39,44,69,87,98,131,150],"industries":[41],"order":[43],"enrich":[45],"their":[46],"electoral":[47,77],"sector\u2010specific":[49,96],"supporters.":[50],"Using":[51],"daily":[52],"stock":[53],"market":[54],"data,":[55],"empirically":[57],"evaluate":[58],"whether":[59],"how":[61],"mean":[63,112],"volatility":[66,115,158],"returns":[68,121,149],"four":[70],"important":[71],"covaried":[74],"with":[75],"prospects":[78],"right\u2010/left\u2010leaning":[81],"coalition":[82],"Germany":[84],"from":[85,101],"1991":[86],"2005.":[88],"sheds":[90],"light":[91],"magnitude":[94],"redistribution":[97],"be":[99],"expected":[100],"governments":[104],"holding":[105],"office.":[106],"The":[107],"results":[108],"show":[109],"defense":[117],"pharmaceutical":[119],"sector":[120,154,161],"increase":[122,139],"if":[123],"right\u2010leaning":[125],"is":[127],"becoming":[128],"more":[129],"likely":[130],"win":[132],"upcoming":[134],"election.":[135],"In":[136],"contrast,":[137],"an":[138],"probability":[142],"left\u2010leaning":[145],"triggers":[147],"higher":[148],"alternative":[152],"energy":[153],"increases":[156],"consumer":[160],"returns.":[162],"Thus,":[163],"our":[164],"estimates":[165],"partly":[166],"support":[167],"idea":[169],"redistribute":[172],"across":[173],"sectors.":[174]},"counts_by_year":[{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":2},{"year":2021,"cited_by_count":1},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":2},{"year":2016,"cited_by_count":3},{"year":2014,"cited_by_count":2},{"year":2013,"cited_by_count":5}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2016-06-24T00:00:00"}
