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Political Selection

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  • Timothy Besley

Abstract

Almost every major episode of economic change over the past 200 years of political history has been associated with key personalities coming to power with a commitment to these changes. But if such dynamic leaders are so important, then we need to understand how they come to hold the reins of power. This outcome could be viewed as largely the product of random events colored by idiosyncratic personalities and chance encounters. However, at least some role must be given to the underlying institutional structure, which has a more systematic influence on who rises to the top. Thus, it is essential to understand how political selection works.

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Bibliographic Info

Article provided by American Economic Association in its journal Journal of Economic Perspectives.

Volume (Year): 19 (2005)
Issue (Month): 3 (Summer)
Pages: 43-60

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Handle: RePEc:aea:jecper:v:19:y:2005:i:3:p:43-60

Note: DOI: 10.1257/089533005774357761
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  1. Daniel Diermeier & Michael Keane & Antonio Merlo, 2004. "A Political Economy Model of Congressional Careers," Discussion Papers 1387, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  2. Cooter, Robert D., 2002. "Who Gets On Top in Democracy? Elections as Filters," Berkeley Olin Program in Law & Economics, Working Paper Series qt4q258892, Berkeley Olin Program in Law & Economics.
  3. Besley, Timothy & Persson, Torsten & Sturm, Daniel, 2006. "Political Competition and Economic Performance: Theory and Evidence from the United States," Discussion Papers in Economics 769, University of Munich, Department of Economics.
  4. Timothy Besley & Rohini Pande & Vijayendra Rao, 2005. "Political selection and the quality of government: evidence from south India," LSE Research Online Documents on Economics 3777, London School of Economics and Political Science, LSE Library.
  5. Timothy Besley & Maitreesh Ghatak, 2005. "Competition and Incentives with Motivated Agents," American Economic Review, American Economic Association, vol. 95(3), pages 616-636, June.
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  8. Stephen Coate, 2004. "Pareto-Improving Campaign Finance Policy," American Economic Review, American Economic Association, vol. 94(3), pages 628-655, June.
  9. Timothy Besley & Andrea Prat, 2006. "Handcuffs for the Grabbing Hand? Media Capture and Government Accountability," American Economic Review, American Economic Association, vol. 96(3), pages 720-736, June.
  10. Scott Gehlbach & Konstantin Sonin & Ekaterina Zhuravskaya, 2006. "Businessman Candidates," Working Papers w0067, Center for Economic and Financial Research (CEFIR).
  11. Rogoff, Kenneth, 1985. "The Optimal Degree of Commitment to an Intermediate Monetary Target," The Quarterly Journal of Economics, MIT Press, vol. 100(4), pages 1169-89, November.
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  13. John Ferejohn, 1986. "Incumbent performance and electoral control," Public Choice, Springer, vol. 50(1), pages 5-25, January.
  14. Tim Besley & Stephen Coate, . ""An Economic Model of Representative Democracy''," CARESS Working Papres 95-02, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences.
  15. Scott Gehlbach & Konstantin Sonin, 2004. "Businessman Candidates: Special-Interest Politics in Weakly Institutionalized Environments," William Davidson Institute Working Papers Series wp733, William Davidson Institute at the University of Michigan.
  16. Alesina, Alberto, 1988. "Credibility and Policy Convergence in a Two-Party System with Rational Voters," American Economic Review, American Economic Association, vol. 78(4), pages 796-805, September.
  17. George A. Akerlof & Rachel E. Kranton, 2005. "Identity and the Economics of Organizations," Journal of Economic Perspectives, American Economic Association, vol. 19(1), pages 9-32, Winter.
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