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Candidate Entry, Screening, and the Political Budget Cycle

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  • Eric Le Borgne
  • Ben Lockwood

Abstract

We investigate whether private information about citizens'' competence in political office can be revealed by their entry and campaign expenditure decisions. We find that this depends on whether voters and candidates have common or conflicting interests; only in the former case can entry be revealing. We apply these results to Rogoff''s (1990) political budget cycle model: as interests are common, low-ability candidates are screened out at the entry stage, and so there is no signaling via fiscal policy. In a variant of Rogoff''s model where citizens differ in honesty, interests are conflicting, so the political budget cycle can persist.

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Bibliographic Info

Paper provided by International Monetary Fund in its series IMF Working Papers with number 02/48.

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Length: 39
Date of creation: 01 Mar 2002
Date of revision:
Handle: RePEc:imf:imfwpa:02/48

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  1. John Ferejohn, 1986. "Incumbent performance and electoral control," Public Choice, Springer, vol. 50(1), pages 5-25, January.
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Cited by:
  1. Klaas J. Beniers & Robert Dur, 2004. "Politicians' Motivation, Political Culture, and Electoral Competition," Tinbergen Institute Discussion Papers 04-065/1, Tinbergen Institute, revised 16 Aug 2005.

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