Chief Executives' Term Limits and Fiscal Policy Choices: International Evidence
AbstractAccording 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 59 countries over the period 1975-1997, using government spending, revenue, surplus and social and welfare spending as policy choice variables. We use both cluster analysis and panel data estimation techniques. We are unable to find significant differences in the behavior of term limited chief executives with respect to those who are not. This is in contrast with some previous empirical results on US states and international data.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by University of Brescia, Department of Economics in its series Working Papers with number ubs0411.
Date of creation:
Date of revision:
Contact details of provider:
Postal: Via S. Faustino 74/B, 25122 Brescia
Web page: http://www.unibs.it/atp/page.1019.0.0.0.atp?node=224
More information through EDIRC
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-03-05 (All new papers)
- NEP-MAC-2006-03-05 (Macroeconomics)
- NEP-PBE-2006-03-05 (Public Economics)
- NEP-POL-2006-03-05 (Positive Political Economics)
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Francoise Forges & Enrico Minelli, 2006.
"Afriat’s Theorem for General Budget Sets,"
CESifo Working Paper Series
1703, CESifo Group Munich.
- Francoise Forges & Enrico Minelli, 2006. "Afriat's Theorem for General Budget Sets," Working Papers ubs0609, University of Brescia, Department of Economics.
- Forges, Françoise & Minelli, Enrico, 2009. "Afriat's theorem for general budget sets," Economics Papers from University Paris Dauphine 123456789/4099, Paris Dauphine University.
- Casarin, Roberto & Trecroci, Carmine, 2006.
"Business Cycle and Stock Market Volatility: A Particle Filter Approach,"
Economics Papers from University Paris Dauphine
123456789/6830, Paris Dauphine University.
- Roberto Casarin & Carmine Trecroci, 2006. "Business Cycle and Stock Market Volatility: A Particle Filter Approach," Working Papers ubs0603, University of Brescia, Department of Economics.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Matteo Galizzi).
If references are entirely missing, you can add them using this form.