Do businessmen make good governors?

Florian Neumeier ()

Munich Reprints in Economics from University of Munich, Department of Economics

Abstract: This paper evaluates the economic performance of U.S. state governors with a business background (chief executive officer (CEO] governors). Applying a matching method, I find, first, that businesspeople tend to take office in times of economic and fiscal strain. Second, the tenures of CEO governors are associated with a 0.5 percentage points (pp.) higher annual income growth rate, a 0.4 pp. higher growth rate of the private capital stock, and a 0.6 pp. lower unemployment rate than are the tenures of non-CEO governors. State-level income inequality is not affected by CEO governors holding office, indicating that low-income households benefit from the economic upswing.

Date: 2018
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Citations: View citations in EconPapers (18)

Published in Economic Inquiry 4 56(2018): pp. 2116-2136

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Related works:
Journal Article: DO BUSINESSMEN MAKE GOOD GOVERNORS? (2018)
Working Paper: Do Businessmen Make Good Governors? (2016)
Working Paper: Do Businessmen Make Good Governors? (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:lmu:muenar:62867

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