Political Competition and Economic Performance: Theory and Evidence from the United States
53 Pages Posted: 18 Aug 2005 Last revised: 19 Nov 2022
There are 3 versions of this paper
Political Competition and Economic Performance: Theory and Evidence from the United States
Political Competition and Economic Performance: Theory and Evidence from the United States
Political Competition and Economic Performance: Theory and Evidence from the United States
Date Written: July 2005
Abstract
One of the most cherished propositions in economics is that market competition by and large raises consumer welfare. But whether political competition has similarly virtuous consequences is far less discussed. This paper formulates a model to explain why political competition may enhance economic performance and uses the United States as a testing ground for the model's implications. It finds statistically robust evidence that political competition has quantitatively important effects on state income growth, state policies, and the quality of Governors.
Suggested Citation: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
Political Institutions and Policy Choices: Evidence from the United States
By Timothy J. Besley and Anne Case
-
Is There a Politically Optimal Level of Judicial Independence?
-
How Elections Matter: Theory and Evidence from Environmental Policy
By John A. List and Daniel M. Sturm
-
How Elections Matter: Theory and Evidence from Environmental Policy
By John A. List and Daniel M. Sturm
-
Issue Unbundling Via Citizens' Initiatives
By Timothy J. Besley and Stephen Coate
-
Issue Unbundling Via Citizens' Initiatives
By Timothy J. Besley and Stephen Coate
-
Political Competition and Economic Performance: Theory and Evidence from the United States
By Timothy J. Besley, Torsten Persson, ...
-
Political Competition and Economic Performance: Theory and Evidence from the United States
By Timothy J. Besley, Torsten Persson, ...
-
Political Competition with Campaign Contributions and Informative Advertising
-
Term Limits and Electoral Accountability
By Michael Smart and Daniel M. Sturm