We conduct a global, large-N analysis of proportionality in the partisan distribution of cabinet portfolios. Formulated in the context of postwar Western European parliamentary democracy, Gamson’s Law predicts that parties joining a coalition government will receive cabinet ministries in direct proportion to the seats they are contributing to the coalition on the floor of the legislature. Using a sample of 1551 country-years of coalitional government in 97 countries from 1966 to 2019, and comparing all main constitutional formats (parliamentary, presidential, and semi-presidential), we find that Gamson’s Law does not travel well outside its context of origin. Among the constitutional predictors of cabinet proportionality, we find that pure presidentialism is a major outlier, with an exaggerated form of formateur advantage. Introducing party-system and assembly-level predictors to the debate, we find that party institutionalization tends to increase fairness in portfolio allocation within parliamentary systems only.

This study focuses on Catalan cabinet ministers in democratic Spain with a view to understanding what function they perform in the central government: regional ambassador or state agent? To this end, this analysis draws on a sub-dataset comprised of 22 Catalan cabinet ministers taken from a general pool of 220 cabinet ministers and 371 ministerial appointments from 1977 to 2021. Our findings demonstrate, first, that no Catalan cabinet minister has ever reached the position of Prime Minister and Catalans constitute a kind of ministerial “middle class” occupying intermediate positions in the cabinet. Second, the examination of career paths and publications of Catalan ministers shows that their role varied according to circumstances. Third, in this article we argue that those variations can be best interpreted as a delegation between principal and agent relying on two main variables, namely the type of party they belong to in Catalonia and the parliamentarian majority sustaining the party controlling the Spanish cabinet.

This paper examines two interrelated issues in commodity markets, namely,the cyclical relationship between stocks and commodities and the function ofcommodity and agribusiness indexes in portfolios. A high negativecorrelation has existed between stock and commodity prices over the past 140years. Moreover, the two markets have alternated in price leadership with29-32-year cycles. The recent price dominance in agricultural commoditiesstarted in 2000, a result supported by the empirical results of theportfolio allocation analysis. For a risk-averse investor, irrespective ofthe period analyzed, placing funds in agribusiness and/or agriculturalcommodity indexes was sound investing.