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Term Limits: Do they really Affect Fiscal Policy Choices?

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Author Info
Chiara Dalle Nogare ()
Roberto Ricciuti ()

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Abstract

According to reputational models of political economy, a term limit may change the behavior of a chief executive because he does not have to stand for election. We test this hypothesis in a sample of 52 countries over the period 1977-2000, using government spending, social and welfare spending and deficit as policy choice variables using panel data estimation techniques. We are unable to find significant differences in the behavior of term-limited and non term-limited chief executives. This is in contrast with some previous empirical results based on U.S. states and international data.

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Publisher Info
Paper provided by CESifo Group Munich in its series CESifo Working Paper Series with number CESifo Working Paper No. 2199.

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Date of creation: 2008
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Handle: RePEc:ces:ceswps:_2199

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Related research
Keywords: term limits; comparative politics; fiscal policy;

References listed on IDEAS
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  1. Torsten Persson & Gerard Roland & Guido Tabellini, 2007. "Electoral Rules and Government Spending in Parliamentary Democracies," Levine's Working Paper Archive 321307000000000880, David K. Levine. [Downloadable!]
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This page was last updated on 2009-12-1.

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