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UID:88c789d697c793905cdf4c261ee6ddaa
CATEGORIES:Seminars
CREATED:20230605T142511
SUMMARY:Benjamin Marx - Boston University
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:\n\nElectoral Turnovers\n\n\nAbstract:\nIn most national elections, voters 
 face a key choice between continuity and change. Electoral turnovers occur 
 when the incumbent candidate or party fails to win reelection. To understan
 d how turnovers affect national outcomes, we study the universe of presiden
 tial and parliamentary elections held since 1945. We document the prevalenc
 e of turnovers over time and estimate their effects on economic performance
 , trade, human development, conflict, and d emocracy. Using a close-electio
 ns regression discontinuity design (RDD) across countries, we show that&nb
 sp; turnovers improve country performance. These effects are not driven by 
 differences in the characteristics of challengers, or by the fact that chal
 lengers systematically increase the level of government intervention in the
  economy. Electing new leaders leads to more policy change, it improves gov
 ernance, and it reduces perceived corruption, consistent with the expectati
 on that recently elected leaders exert more effort due to stronger reputati
 on concerns.\n
DTSTAMP:20260424T164518Z
DTSTART:20231019T023000Z
DTEND:20231019T160000Z
SEQUENCE:0
TRANSP:OPAQUE
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