Resource title

The Impact Of Voter Initiatives On Economic Activity

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Resource description

Recent studies have claimed that states with initiatives systems of legislation use this more direct from of democracy to improve productive resource allocation. This paper compares the economic performance of states with initiatives to states that do not have initiatives. We first construct a simple growth model to identify the channel through which initiatives play an important role in determining economic activity; we then test the implications of this model using data for the 48 contiguous United States over the years 1969-1986. Our findings suggest that states with initiative systems waste between 20 to 30 percent fewer resources than do non-initiative states resulting in better economic performance in terms of higher GDP growth and faster convergence.

Resource author

S. Brock Blomberg, Gregory D. Hess, Akila Weerapana

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Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/23230

Resource license

Adapt according to the presented license agreement and reference the original author.