CaltechAUTHORS
Published June 1996 | Version public
Journal Article Metadata-only

Political competition in a model of economic growth: Some theoretical results

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Abstract

We analyze the role of political competition on the type of economic policies that are selected in a one sector model of economic growth. We identify conditions under which neoclassical optimal growth plans occur, and conditions in which political business cycles occur. We find that the ability commit to multiperiod economic policy leads to less political stability of economic plans.

Additional Information

© 1996 Springer-Verlag. Received: November 2, 1994. Support for this research was provided in part by NSF grant #SES-9022932 to the California Institute of Technology. We are grateful to a referee for pointing out that our results could be extended to supra majority rules, as in Proposition 1.

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Additional titles

Alternative title
Political Competition in a Model of Economic Growth; Some Theoretical Results

Identifiers

Eprint ID
80980
Resolver ID
CaltechAUTHORS:20170830-141350613

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http://resolver.caltech.edu/CaltechAUTHORS:20170830-135904085 (URL)

Funding

NSF
SES-9022932

Dates

Created
2017-08-30
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Updated
2021-11-15
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