Arbeitspapier

Using Political Financing Reforms to Measure Campaign Spending Effects on Electoral Outcomes

This paper studies the impact of campaign spending on votes in French legislative elections. We exploit the political financing reforms which were adopted in France in the mid-1990s. Under the new laws, spending limits were reduced, legal persons were no longer allowed to finance candidates, and the maximal amount of personal expenditures reimbursed by the State was augmented. We have data on two consecutive elections (one before and one after the reforms) and focus on candidates who competed in both of them. We find that the difference in candidates’ campaign expenses across elections is strongly affected by the reforms. We then estimate a structural vote equation using panel data to control for unobserved characteristics of candidates. Spending has a statistically significant effect, but only for challengers. We cannot reject the hypothesis that challenger spending has the same impact across the various political parties in France.

Sprache
Englisch

Erschienen in
Series: CESifo Working Paper ; No. 6232

Klassifikation
Wirtschaft
Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
Thema
campaign spending
elections
political financing reforms

Ereignis
Geistige Schöpfung
(wer)
François, Abel
Visser, Michael
Wilner, Lionel
Ereignis
Veröffentlichung
(wer)
Center for Economic Studies and ifo Institute (CESifo)
(wo)
Munich
(wann)
2016

Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • François, Abel
  • Visser, Michael
  • Wilner, Lionel
  • Center for Economic Studies and ifo Institute (CESifo)

Entstanden

  • 2016

Ähnliche Objekte (12)