Quantifying the Value of a Political Connection: The Case of Presidential Elections in Colombia

Vaughan Daniel

No 2013-18, Working Papers from Banco de México

Abstract: Using a novel biographical database including all Presidents and presidential candidates in Colombia for the period 1833-2010 I show that the value of a political connection can be quantified in terms of the votes transferred within a political network. I consider three types of political networks depending on whether links are created by a cabinet or foreign service appointment and a family connection. I find that a one standard deviation increase in votes received by connections generates a maximum gain of three-fourths of a standard deviation. I also reject for the presence of network endogeneity that may bias the estimates.

JEL-codes: D72 D85 N46 O54 P16 (search for similar items in EconPapers)
Date: 2013-12
New Economics Papers: this item is included in nep-cdm, nep-his, nep-pol and nep-soc
References: View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:bdm:wpaper:2013-18

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