Empirical Studies on Political Connection of Suffolk Legislators, 1790–1859

Qian Lu ()
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Qian Lu: Central University of Finance and Economics

Chapter Chapter 4 in From Partisan Banking to Open Access, 2017, pp 85-91 from Palgrave Macmillan

Abstract: Abstract This chapter complements Chap. 3 by examining the contemporaneous relationship between bank directors and state legislatorsLegislator state legislator . The results show that people who were ever state legislator at some point in their life had a significantly larger chance of being a bank director at the same time, in the 1790s and the first decade of the nineteenth century. Over time, the chance that a person would be both a legislator and a banker at the same time declined to almost zero. These results provide another perspective of looking at the connection between banking and political elites, and they suggest that the banking sector was less politically connected in the second party regime.

Keywords: Bank director; Legislator; Elites (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palscp:978-3-319-67645-6_4

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DOI: 10.1007/978-3-319-67645-6_4

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