Besley, Timothy; Persson, Torsten; Sturm, Daniel - 2006 - First draft June 2005, this version November 2005
We formulate a model to explain why the lack of political competition may stifle economic performance and use the … political competition have quantitatively important effects on state income growth, state policies, and quality of Governors. By … our bottom-line estimate, the increase in political competition triggered by the Voting Rights Act raised long-run per …