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Political Competition, Policy and Growth: Theory and Evidence from the US
London School of Economics.
Stockholm University, Faculty of Social Sciences, Institute for International Economic Studies.
London School of Economics.
2010 (English)In: The Review of Economic Studies, ISSN 0034-6527, E-ISSN 1467-937X, Vol. 77, no 4, 1329-1352 p.Article in journal (Refereed) Published
Abstract [en]

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.

Place, publisher, year, edition, pages
2010. Vol. 77, no 4, 1329-1352 p.
National Category
Economics and Business
URN: urn:nbn:se:su:diva-49455DOI: 10.1111/j.1467-937X.2010.00606.xISI: 000281000100004OAI: diva2:378186

authorCount :3

Available from: 2010-12-15 Created: 2010-12-14 Last updated: 2013-01-28Bibliographically approved

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Besley, TimothyPersson, Torsten
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