000 01721nab a2200265 c 4500
999 _c141287
_d141287
003 ES-MaIEF
005 20191015153856.0
007 ta
008 191015s2019 us ||||| |||| 00| 0|eng d
040 _aES-MaIEF
_bspa
_cES-MaIEF
041 _aeng
100 1 _959937
_aLeguizamon, J. Sebastian
245 0 _aParty cues, political trends and fiscal interactions in the United States
_c J. Sebastian Leguizamon and Casto Martin Montero Kuscevic
260 _c2019
500 _aResumen.
504 _aBibliografía.
520 _aRecent theoretical and empirical research has suggested that similarities in party affiliations across space will alter voters' comparisons, thus influencing fiscal policy mimicking. We employ a two‐regime spatial panel data model applied to U.S. state governors from 1970 to 2012, and find rather weak empirical evidence of influence of political party affiliations in fiscal yardstick competition. Our observed cross‐state interdependence in fiscal policies suggests voters may not weigh party affiliation heavily in their measure of comparative quality, treating each incumbent individually and independently. Incumbents strategically choose policy accordingly. This provides indirect support for the median voter theorem, in which incumbents' objective function is to maximize votes, independent of political affiliation.
650 4 _948067
_aPOLITICA FISCAL
650 4 _947972
_aPARTIDOS POLITICOS
650 4 _955164
_aVOTO
650 4 _aESTADOS UNIDOS
_942888
700 1 _967574
_aMontero Kuscevic, Casto Martin
773 0 _9161223
_oOP 1634/2019/4
_tContemporary Economic Policy
_w(IEF)574
_x 1074-3529 [papel]
_g v. 37, n. 4, October 2019, p. 600-620
942 _cART