Legislative Turnover, Fiscal Policy, and Economic Growth: Evidence from U.S. State Legislatures

17 Pages Posted: 21 Nov 2014

See all articles by Yogesh Uppal

Yogesh Uppal

Youngstown State University

Amihai Glazer

University of California, Irvine - Department of Economics

Date Written: January 2015

Abstract

Increased turnover among legislators can make them short-sighted, affecting fiscal policy and economic growth. We exploit the exogenous variation in legislative turnover induced by term limit laws and by redistricting in the 50 U.S. states, finding that increased turnover increases capital spending by state governments, which may be designed to constrain future governments. The changes may cause long-run distortions in the economy, reducing long-term economic growth.

JEL Classification: H72, H73, H76

Suggested Citation

Uppal, Yogesh and Glazer, Amihai, Legislative Turnover, Fiscal Policy, and Economic Growth: Evidence from U.S. State Legislatures (January 2015). Economic Inquiry, Vol. 53, Issue 1, pp. 91-107, 2015. Available at SSRN: https://ssrn.com/abstract=2528831 or http://dx.doi.org/10.1111/ecin.12118

Yogesh Uppal (Contact Author)

Youngstown State University ( email )

Youngstown, OH 44555
United States

Amihai Glazer

University of California, Irvine - Department of Economics ( email )

3151 Social Science Plaza
Irvine, CA 92697-5100
United States
949-854-6563 (Phone)
949-824-2182 (Fax)

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