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ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
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http://hdl.handle.net/10419/26244
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| Title: | | Term limits: do they really affect fiscal policy choices?  |
| Authors: | | Dalle Nogare, Chiara Ricciuti, Roberto |
| Issue Date: | | 2008 |
| Series/Report no.: | | CESifo working paper 2199 |
| Abstract: | | According to reputational models of political economy, a term limit may change the behavior of a chief executive because he does not have to stand for election. We test this hypothesis in a sample of 52 countries over the period 1977-2000, using government spending, social and welfare spending and deficit as policy choice variables using panel data estimation techniques. We are unable to find significant differences in the behavior of term-limited and non term-limited chief executives. This is in contrast with some previous empirical results based on U.S. states and international data. |
| Subjects: | | term limits comparative politics fiscal policy |
| JEL: | | E62 H11 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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