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A test of the institutionally-induced equilibrium hypothesis: on the limited fiscal impact of two celebrity governors
Economics of Governance ( IF 1.2 ) Pub Date : 2018-12-14 , DOI: 10.1007/s10101-018-0218-z
Roger D. Congleton , Yang Zhou

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.

中文翻译:

制度诱发的均衡假设的检验:两位名人总督在有限的财政影响下

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)的省长提供了两个自然实验,以检验制度引发的稳定性假说。两人都通过独特的职业和选举途径升任州长,这将减少党派承诺和选举竞争的稳定作用,而这往往会增加其对公共政策的影响。尽管如此,我们的证据表明,尽管他们有独特的背景和任职途径,但两位州长都没有对其州的支出或赤字产生统计学上的重大影响。
更新日期:2018-12-14
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