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Political Competition, Policy and Growth: Theory and Evidence from the US

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  • Timothy Besley
  • Torsten Persson
  • Daniel M. Sturm

Abstract

This paper develops a simple model to analyse how a lack of political competition may lead to policies that hinder economic growth. We test the predictions of the model on panel data for the US states. In these data, we find robust evidence that lack of political competition in a state is associated with anti-growth policies: higher taxes, lower capital spending, and a reduced likelihood of using rightto- work laws. We also document a strong link between low political competition and low income growth. Copyright , Wiley-Blackwell.

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File URL: http://hdl.handle.net/10.1111/j.1467-937X.2010.00606.x
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Bibliographic Info

Article provided by Oxford University Press in its journal The Review of Economic Studies.

Volume (Year): 77 (2010)
Issue (Month): 4 ()
Pages: 1329-1352

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Handle: RePEc:oup:restud:v:77:y:2010:i:4:p:1329-1352

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Cited by:
  1. Bargain, Olivier & Dolls, Mathias & Immervoll, Herwig & Neumann, Dirk & Peichl, Andreas & Pestel, Nico & Siegloch, Sebastian, 2014. "Tax policy and income inequality in the US, 1979-2007," ZEW Discussion Papers 14-001, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
  2. Lopez-Rodriguez, David, 2011. "Distributive Politics and Economic Ideology," MPRA Paper 44145, University Library of Munich, Germany.
  3. A. Fedele & P. Giannoccolo, 2013. "Moneycracy," Working Papers wp893, Dipartimento Scienze Economiche, Universita' di Bologna.
  4. Alessandro Fedele & Pierpaolo Giannoccolo, 2013. "Moneycracy," BEMPS - Bozen Economics & Management Paper Series BEMPS07, School of Economics and Management at the Free University of Bozen.
  5. Niclas Berggren & Christian Bjørnskov, 2012. "Does Religiosity Promote Property Rights and the Rule of Law?," ICER Working Papers 02-2012, ICER - International Centre for Economic Research.
  6. Federico Revelli, 2013. "Tax limits and local democracy," Working Papers 2013/29, Institut d'Economia de Barcelona (IEB).
  7. Uppal, Yogesh & Glazer, Amihai, 2011. "Legislative turnover, fiscal policy, and economic growth: evidence from U.S. state legislatures," MPRA Paper 34186, University Library of Munich, Germany.
  8. Kok, Suzanne & ter Weel, Bas, 2014. "Cities, Tasks and Skills," IZA Discussion Papers 8053, Institute for the Study of Labor (IZA).
  9. Mittermaier, Ferdinand & Rincke, Johannes, 2013. "Do countries compensate firms for international wage differentials?," Journal of Public Economics, Elsevier, vol. 102(C), pages 23-36.
  10. Andreas Bernecker, 2014. "Divided We Reform? Evidence from US Welfare Policies," CESifo Working Paper Series 4564, CESifo Group Munich.
  11. Suzanne Kok & Bas ter Weel, 2014. "Cities, Tasks and Skills," CPB Discussion Paper 269, CPB Netherlands Bureau for Economic Policy Analysis.

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