Political Competition, Policy and Growth: Theory and Evidence from the US

被引：236

作者：

Besley, Timothy ^{[1
]}

Persson, Torsten ^{[2
]}

Sturm, Daniel M. ^{[1
]}

机构：

[1] London Sch Econ, London, England

[2] Stockholm Univ, IIES, Stockholm, Sweden

来源：

REVIEW OF ECONOMIC STUDIES | 2010年 / 77卷 / 04期

关键词：

STATES;

D O I：

10.1111/j.1467-937X.2010.00606.x

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper develops a simple model to analyse how a lack of political competition may lead to policies that hinder economic growth. We test the predictions of the model on panel data for the US states. In these data, we find robust evidence that lack of political competition in a state is associated with anti-growth policies: higher taxes, lower capital spending, and a reduced likelihood of using right-to-work laws. We also document a strong link between low political competition and low income growth.

引用

页码：1329 / 1352

页数：24