A test of the institutionally-induced equilibrium hypothesis: on the limited fiscal impact of two celebrity governors

IF 1.2 4区经济学 Q3 ECONOMICS

Economics of Governance Pub Date : 2018-12-14 DOI:10.1007/s10101-018-0218-z

Roger D. Congleton, Yang Zhou

引用次数: 0

Abstract

The governorships of Jesse Ventura of Minnesota and Arnold Schwarzenegger of California provide two natural experiments for testing the institutionally induced stability hypothesis. Both men rose to their governorships through unique career and electoral paths that would reduce the stabilizing effects of partisan commitments and electoral competition, which would tend to increase their impact on public policy. Nonetheless, our evidence suggests that despite their unique backgrounds and paths to office neither governor had a statistically significant impact on their state’s expenditures or deficits.

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制度诱发均衡假说的检验：关于两位名人州长的有限财政影响

明尼苏达州的杰西-文图拉（Jesse Ventura）和加利福尼亚州的阿诺德-施瓦辛格（Arnold Schwarzenegger）担任州长一职，为检验制度诱导稳定假说提供了两个自然实验。两人都是通过独特的职业生涯和选举途径升任州长的，这将减少党派承诺和选举竞争的稳定效应，从而增加他们对公共政策的影响。尽管如此，我们的证据表明，尽管两人的背景和就职之路都很独特，但两位州长都没有对本州的支出或赤字产生统计意义上的显著影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Economics of Governance ECONOMICS-

CiteScore

1.50

自引率

0.00%

发文量

期刊介绍： Economics of Governance aims to foster research on governance at many levels: corporations, non-profit organizations, local and federal governments, and international organizations. Applications include the internal organization of firms, corporate governance, the private provision of public goods, local public policies, relations across levels of government, public expenditure and regulation, and problems of credibility and enforcement of international agreements. Though the journal aims to contribute to general economic knowledge, it is also interested in applying theoretical and empirical insights to important current topics. The journal is open to many approaches, including formal theoretical analysis, systematic observation, simulation, and empirical studies. Interdisciplinary contributions by economists, organizational scholars, and political scientists are encouraged. Officially cited as: Econ Gov