Campaign Finance Laws and Political Efficacy: Evidence From the States
AbstractThe decline of political efficacy and trust in the United States is often linked to the rise of money in politics. Both the courts and reform advocates justify restrictions on campaign donations and spending as necessary for the improvement of links between the government and the governed. We conduct the first test of whether campaign finance laws actually influence how citizens view their government by exploiting the variation in campaign finance regulations both across and within states during the last half of the 20th century. Our analysis reveals no large positive effects of campaign finance laws on political efficacy. Public disclosure laws and limits on contributions from organizations are in some cases associated with modest increases in efficacy, but public financing is associated with a similarly modest decrease in efficacy.
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Bibliographic InfoPaper provided by Department of Economics, University of Missouri in its series Working Papers with number 0513.
Length: 36 pgs.
Date of creation: 25 Aug 2005
Date of revision:
Publication status: forthcoming in Election Law Journal
Campaign finance; trust; social capital;
Find related papers by JEL classification:
- D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
- H8 - Public Economics - - Miscellaneous Issues
- Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Social and Economic Stratification
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