The Impact of Voter Initiatives on Economic Activity
This paper investigates the implications of how states with initiative systems of legislation can use this more direct form of democracy to improve productive resource allocation by their goverments. We construct a simple growth model whereby we can identify this channel through which initiatives play an important role in determining economic activity.
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|Date of creation:||1999|
|Date of revision:|
|Contact details of provider:|| Postal: U.S.A.; Wellesley College, Department of Economics. Wellesley, Massachusetts 02181|
Web page: http://www.wellesley.edu/Economics/
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