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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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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. A. Fedele & P. Giannoccolo, 2013. "Moneycracy," Working Papers, Dipartimento Scienze Economiche, Universita' di Bologna wp893, Dipartimento Scienze Economiche, Universita' di Bologna.
  2. Mittermaier, Ferdinand & Rincke, Johannes, 2013. "Do countries compensate firms for international wage differentials?," Journal of Public Economics, Elsevier, Elsevier, vol. 102(C), pages 23-36.
  3. Federico Revelli, 2013. "Tax limits and local democracy," Working Papers, Institut d'Economia de Barcelona (IEB) 2013/29, Institut d'Economia de Barcelona (IEB).
  4. Niclas Berggren & Christian Bjørnskov, 2012. "Does Religiosity Promote Property Rights and the Rule of Law?," Economics Working Papers, School of Economics and Management, University of Aarhus 2012-08, School of Economics and Management, University of Aarhus.
  5. Andreas Bernecker, 2014. "Divided We Reform? Evidence from US Welfare Policies," CESifo Working Paper Series, CESifo Group Munich 4564, CESifo Group Munich.
  6. 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.
  7. Fernando Aragón, 2014. "Why do parties use primaries?: Political selection versus candidate incentives," Public Choice, Springer, Springer, vol. 160(1), pages 205-225, July.
  8. Suzanne Kok & Bas ter Weel, 2014. "Cities, Tasks and Skills," CPB Discussion Paper, CPB Netherlands Bureau for Economic Policy Analysis 269, CPB Netherlands Bureau for Economic Policy Analysis.
  9. Johan F.M.Swinnen & Alessandro Olper & Thijs Vandemoortele, 2011. "The Political Economy of Policy Instrument Choice: Theory and Evidence from Agricultural Policies," LICOS Discussion Papers, LICOS - Centre for Institutions and Economic Performance, KU Leuven 27911, LICOS - Centre for Institutions and Economic Performance, KU Leuven.
  10. Lopez-Rodriguez, David, 2011. "Distributive Politics and Economic Ideology," MPRA Paper 44145, University Library of Munich, Germany.
  11. 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, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research 14-001, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
  12. Alvaro Forteza, 2013. "Political Selection with Pessimistic Voters," Documentos de Trabajo (working papers), Department of Economics - dECON 1313, Department of Economics - dECON.
  13. Kok, Suzanne & ter Weel, Bas, 2014. "Cities, Tasks and Skills," IZA Discussion Papers 8053, Institute for the Study of Labor (IZA).

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