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Cafta, Campaign Contributions, And The Role Of Special Interests

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  • JAMES M. DEVAULT
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    Abstract

    This paper analyzes the passage of the Central American Free Trade Agreement (CAFTA) in 2005, paying particular attention to the role of campaign contributions. The CAFTA vote is significant in that the context in which it occurred was one in which campaign contributions were more likely to influence votes. By more carefully identifying the special interest groups actively involved in the CAFTA debate, I provide a more accurate assessment of the impact of the contributions made by these groups. I use instrumental variables to control for the potential endogeneity of campaign contributions and find that these contributions played at best a secondary role in determining the outcome of the CAFTA vote in the U.S. House of Representatives. Copyright 2010 Blackwell Publishing Ltd.

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    Bibliographic Info

    Article provided by Wiley Blackwell in its journal Economics & Politics.

    Volume (Year): 22 (2010)
    Issue (Month): 3 (November)
    Pages: 282-297

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    Handle: RePEc:bla:ecopol:v:22:y:2010:i:3:p:282-297

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