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来源类型Working Paper
规范类型报告
DOI10.3386/w21151
来源IDWorking Paper 21151
A Structural Model of Electoral Accountability
S. Borağan Aruoba; Allan Drazen; Razvan Vlaicu
发表日期2015-05-11
出版年2015
语种英语
摘要This paper proposes a structural approach to measuring the effects of electoral accountability. We estimate a political agency model with imperfect information in order to identify and quantify discipline and selection effects, using data on U.S. governors for 1982-2012. We find that the possibility of reelection provides a significant incentive for incumbents to exert effort. We also find a selection effect, although it is weaker in terms of its effect on average governor performance. According to our model, the widely-used two-term regime improves voter welfare by 4.2% compared to a one-term regime, and find that a three-term regime may improve voter welfare even further.
主题Microeconomics ; Welfare and Collective Choice ; Public Economics ; Subnational Fiscal Issues
URLhttps://www.nber.org/papers/w21151
来源智库National Bureau of Economic Research (United States)
引用统计
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/578826
推荐引用方式
GB/T 7714
S. Borağan Aruoba,Allan Drazen,Razvan Vlaicu. A Structural Model of Electoral Accountability. 2015.
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