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Le rendement des dépenses électorales en France

  • Martial Foucault


    (European University Institute, RSCAS - Istituto Universitario Europeo, LAEP - LAboratoire d'Economie Publique - UP1 - Université Panthéon-Sorbonne)

  • Abel François


    (LAEP - LAboratoire d'Economie Publique - UP1 - Université Panthéon-Sorbonne)

This article aims at evaluating the influence of campaign spending on legislative vote share within a new French campaign finance law. From an empirical analysis derived from the 1997 French legislative election, we show that the electoral outcomes are sensitive to campaign spending. Using MCO and 2SLS methods and taking into account the bias of endogeneity, we demonstrate that the spending of incumbent candidates have a direct and positive effect whereas the spending of their challengers have an indirect and negative effect. In the context of the implementation of a new campaign finance regulation (characterized by both spending ceiling and public repayment), this result means that financial barriers to entry into political market are not entirely reduced. In conclusion, the return of French campaign spending is not quite different from those empirically verified within the American electoral process.

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Paper provided by HAL in its series Post-Print with number hal-00126910.

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Date of creation: 2005
Date of revision:
Publication status: Published in Revue Economique, Presses de Sciences Po, 2005, 56, pp.1125-1143
Handle: RePEc:hal:journl:hal-00126910
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  1. Bornier Jean Magnan de & Norpoth H. & Lewis-Beck M.S. & Lafay J.D., 1991. "Economics and Politics The calculus of support," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 2(4), pages 3, December.
  2. Fleck, Robert K & Kilby, Christopher, 2002. " Reassessing the Role of Constituency in Congressional Voting," Public Choice, Springer, vol. 112(1-2), pages 31-53, July.
  3. W. Welch, 1981. "Money and votes: A simultaneous equation model," Public Choice, Springer, vol. 36(2), pages 209-234, January.
  4. William Lott & P. Warner, 1974. "The relative importance of campaign expenditures: An application of production theory," Quality & Quantity: International Journal of Methodology, Springer, vol. 8(1), pages 99-105, March.
  5. Nannestad, Peter & Paldam, Martin, 1994. " The VP-Function: A Survey of the Literature on Vote and Popularity Functions after 25 Years," Public Choice, Springer, vol. 79(3-4), pages 213-45, June.
  6. Morris Coats, R. & Dalton, Thomas R., 1992. "Entry barriers in politics and uncontested elections," Journal of Public Economics, Elsevier, vol. 49(1), pages 75-90, October.
  7. Banaian, King & Luksetich, William A, 1991. "Campaign Spending in Congressional Elections," Economic Inquiry, Western Economic Association International, vol. 29(1), pages 92-100, January.
  8. W. Crain & Robert Tollison & Donald Leavens, 1988. "Laissez-faire in campaign finance," Public Choice, Springer, vol. 56(3), pages 201-212, March.
  9. Thomas Stratmann & Francisco J. & Aparicio-Castillo, 2006. "Competition policy for elections: Do campaign contribution limits matter?," Public Choice, Springer, vol. 127(1), pages 177-206, April.
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