文章基本信息

标题：Political Competition, Policy and Growth: Theory and Evidence from the United States
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作者：Timothy Besley ; Torsten Persson ; Daniel M. Sturm 等
期刊名称：CEP Discussion Paper
出版年度：2010
卷号：02
出版社：Centre for Economic Performance
摘要：This paper develops a simple model to analyze 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.