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UID:88c789d697c793905cdf4c261ee6ddaa
CATEGORIES:Seminars
CREATED:20230605T142511
SUMMARY:Benjamin Marx - Boston University
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:<p>Electoral Turnovers</p><p>Abstract:</p><p style="text-align: justify;">I
 n most national elections, voters face a key choice between continuity and 
 change. Electoral turnovers occur when the incumbent candidate or party fai
 ls to win reelection. To understand how turnovers affect national outcomes,
  we study the universe of presidential and parliamentary elections held sin
 ce 1945. We document the prevalence of turnovers over time and estimate the
 ir effects on economic performance, trade, human development, conflict, and
  d emocracy. Using a close-elections regression discontinuity design (RDD)
  across countries, we show that&nbsp; turnovers improve country performance
 . These effects are not driven by differences in the characteristics of cha
 llengers, or by the fact that challengers systematically increase the level
  of government intervention in the economy. Electing new leaders leads to m
 ore policy change, it improves governance, and it reduces perceived corrupt
 ion, consistent with the expectation that recently elected leaders exert mo
 re effort due to stronger reputation concerns.</p>
DTSTAMP:20260424T164945Z
DTSTART:20231019T023000Z
DTEND:20231019T160000Z
SEQUENCE:0
TRANSP:OPAQUE
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