Legislative turnover, fiscal policy, and economic growth: evidence from U.S. state legislatures

Yogesh Uppal () and Amihai Glazer

MPRA Paper from University Library of Munich, Germany

Abstract: An examination of how increased turnover among legislators in the fifty U.S. states affects fiscal policy and economic growth finds that it makes legislators short-sighted. Turnover increases the size of government by increasing the shares of both total spending and taxes in income. In particular, turnover increases capital expenditure and income taxes, both of which may cause long-run distortions in the economy. Further, increased turnover, by resulting in inefficient fiscal policy, reduces long-term economic growth.

Keywords: Government size; State finances; Political competition; Legislative turnover; Composition of spending; short-sighted behavior (search for similar items in EconPapers)
JEL-codes: H11 H20 H24 H30 H40 H51 H52 H53 H54 H71 H72 (search for similar items in EconPapers)
Date: 2011-10
New Economics Papers: this item is included in nep-cis, nep-fdg, nep-pbe and nep-pol
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/34186/1/MPRA_paper_34186.pdf original version (application/pdf)

Related works:
Journal Article: LEGISLATIVE TURNOVER, FISCAL POLICY, AND ECONOMIC GROWTH: EVIDENCE FROM U.S. STATE LEGISLATURES (2015)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:34186

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().