Political Competition, Policy and Growth: Theory and Evidence from the US
构建模型分析政治竞争不足如何导致阻碍经济增长的政策，并用美国州级面板数据验证：政治竞争弱的州税收更高、资本支出更低、更少采用工作权利法，且收入增长更慢。
This paper develops a simple model to analyse how a lack of political competition may lead to policies that hinder economic growth. We test the predictions of the model on panel data for the US states. In these data, we find robust evidence that lack of political competition in a state is associated with anti-growth policies: higher taxes, lower capital spending, and a reduced likelihood of using rightto- work laws. We also document a strong link between low political competition and low income growth.