search query: @indexterm Constitutional law / total: 10
reference: 7 / 10
| Author: | Persson, T. |
| Title: | Consequences of constitutions |
| Journal: | Journal of the European Economic Association
2004 : APR-MAY, VOL. 2:2-3, p. 139-161 |
| Index terms: | Constitutional law Economic policy |
| Language: | eng |
| Abstract: | Empirical findings regarding the economic policy consequences of constitutional arrangements are presented here in three different dimensions. 1) The data are consistent with several theoretical predictions about the consequences of electoral rules and forms of several theoretical predictions about the consequences of electoral rules and forms of government for fiscal policy and rent extraction, even when non-random constitution selection is taken into account. 2) Empirical tests of the predictions from a new comprehensive model of parliamentary democracy show that proportional elections raise government spending through their indirect consequences for party structures and types of government, rather than through their direct effects on policymaking incentives. 3) New empirical results suggest that constitutional arrangements may have important consequences for structural policies that promote long-run economic performance, hinting at a missing link in the causal chain from history to current economic performance. |
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