Political competition and economic performance
Subtitle: theory and evidence from the United States
By: Timothy Besley, Torsten Persson, Daniel Sturm.
Contributors: Persson, Torsten.; National Bureau of Economic Research.
Series: NBER working paper series ;; working paper 11484; Working paper series (National Bureau of Economic Research : Online) ;; working paper no. 11484.
Publisher: National Bureau of Economic Research
Published: 2005
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Subjects: Economic indicators -- United States -- States; Competition -- United States -- States; Political parties -- United States -- States; United States -- Economic conditions -- 2001-
Description: "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"--National Bureau of Economic Research web site.
Notes: Includes bibliographical references.
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Mode of access: World Wide Web.