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Title:Term limits: do they really affect fiscal policy choices? PDF Logo
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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