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Political Competition and Economic Performance: Theory and Evidence from the United States / Timothy Besley, Torsten Persson, Daniel Sturm.
- Format:
- Book
- Author/Creator:
- Besley, Timothy.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w11484.
- NBER working paper series no. w11484
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Political Competition and Economic Performance
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2005.
- Summary:
- 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.
- Notes:
- Print version record
- July 2005.
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