Politics and Local Economic Growth: Evidence from India

被引：99

作者：

Asher, Sam ^{[1
]}

Novosad, Paul ^{[2
]}

机构：

[1] World Bank, Dev Res Grp, 1818 H St NW,MC3-308, Washington, DC 20433 USA

[2] Dartmouth Coll, Dept Econ, 6106 Rockefeller Ctr,Room 301, Hanover, NH USA

来源：

AMERICAN ECONOMIC JOURNAL-APPLIED ECONOMICS | 2017年 / 9卷 / 01期

关键词：

REGRESSION DISCONTINUITY DESIGNS; PUBLIC-GOODS; CLOSE RACES; MARKET; CONNECTIONS; PERFORMANCE; COMPETITION; CORRUPTION; GOVERNMENT; ELECTIONS;

D O I：

10.1257/app.20150512

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Political favoritism affects the allocation of government resources, but is it consequential for growth? Using a close election regression discontinuity design and data from India, we measure the local economic impact of being represented by a politician in the ruling party. Favoritism leads to higher private sector employment, higher share prices (Onus, and increased output as measured by night lights; the three effects are similar and economically substantive. Finally, we present evidence that politicians influence firms primarily through control over the implementation of regulation.

引用

页码：229 / 273

页数：45

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