We formulate a model to explain why the lack of political competition may stifle economic performance and use the United States as a testing ground for the model’s predictions, exploiting the 1965 Voting Rights Act which helped break the near monpoly on political power of the Democrats in...

Previous empirical studies analysing the effect of electoral systems on growth lack unanimous answers as they miss-specify mixed systems in the empirical setting, that is, they neglect to consider the proportionality degree of mixed electoral systems. This work supplies the missing answers by...

Politicians, philosophers and economists have been arguing about the role of the government in a country’s economy for centuries. The government is an important economic agent, and it is the only agent whose actions can be controlled to some extent; it would be impossible to ‘control’ all...