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Political competition and economic performance : theory and evidence from the United States
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 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...
Persistent link: https://www.econbiz.de/10010439365
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Federalism, Taxation, and Economic Growth
Hatfield, John William - 2006
We show that federalism will lead to higher economic growth. We present a model of endogenous growth where government services, funded by income and capital taxes, are a component of production. In this model a decentralized government will choose tax policy to maximize economic growth, while a...
Persistent link: https://www.econbiz.de/10012734002
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Democracy and Economic Growth : Do Swing Voters Make a Difference?
Bhardwaj, Abhishek - 2017
Using actual voting records of simultaneous elections held for Indian federal and regional assemblies -- where same political parties contest against each other in both type of elections -- we identify swing voters. We find that the representatives supported by swing voters outperform...
Persistent link: https://www.econbiz.de/10012970508
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Government size and economic growth in an endogenous growth model with rent-seeking
Wadho, Waqar; Ayaz, Umair - 2017
We explore the relationship between government size and economic growth in an endogenous growth model with human capital and an unproductive capital which facilitates rent-seeking. With exogenous as well as endogenous time discounting, we find a non-monotonic relationship between the size of...
Persistent link: https://www.econbiz.de/10012120573
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The political economy of growth and distribution : a theoretical critique
Josten, Stefan Dietrich; Truger, Achim - 2003
This paper reconsiders the political economy approach to growth and distribution according to which (1) rising inequality induces more government redistribution; (2) more government redistribution is financed by higher distortionary taxation; and (3) higher distortionary taxes reduce economic...
Persistent link: https://www.econbiz.de/10010486797
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The Political Resource Curse
Brollo, Fernanda - 2010
politicians, both with theory and data. The theory is based on a version of the career concerns model of political agency with … implications of the theory and identify the causal effect of larger federal transfers on political corruption and the observed … features of political candidates at the municipal level. In accordance with the predictions of the theory, we find that larger …
Persistent link: https://www.econbiz.de/10013148349
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Endogenous Public Policy and Long-Run Growth
Koulovatianos, Christos; Mirman, Leonard J. - 2004
We study the determinants of voting outcomes on the provision of public consumption through marginal income taxes in the context of the simple linear growth model. We focus on how the dynamic politicoeconomic equilibrium maps the economic fundamentals to policies and long-run growth. We find...
Persistent link: https://www.econbiz.de/10014073361
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Essays in political economy
Ruthardt, Fabian - 2023
In dieser Dissertation wird die Wechselwirkung zwischen der Wirtschaft und den Wahlen, Politikern und Politik untersucht. Um die Wähler über die Folgen ihrer Wahlentscheidung zu informieren, ist das Verständnis der Dreiecksbeziehung zwischen der Wirtschaft, den politischen Akteuren und den...
Persistent link: https://www.econbiz.de/10014327360
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Endogenous Public Policy and Long-Run Growth : Some Simple Analytics
Koulovatianos, Christos; Mirman, Leonard J. - 2006
We study the determinants of voting outcomes on the provision of public consumption through marginal income taxes in the context of the simple linear growth model. We provide analytical results on how the dynamic politicoeconomic equilibrium maps the economic fundamentals to policies and...
Persistent link: https://www.econbiz.de/10014066719
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The political economy of growth and distribution : a theoretical critique
Josten, Stefan Dietrich; Truger, Achim - 2003
Persistent link: https://www.econbiz.de/10001751803