VOTE-BUYING AND GROWTH

@article{Gersbach2011VOTEBUYINGAG,
  title={VOTE-BUYING AND GROWTH},
  author={Hans Gersbach},
  journal={Macroeconomic Dynamics},
  year={2011},
  volume={15},
  pages={656 - 680}
}
  • H. Gersbach
  • Published 26 January 2011
  • Macroeconomic Dynamics
Vote-buying is widely used by parties in developing countries to influence the outcome of elections. We examine the impact of vote-buying on growth. We consider a model with a poverty trap where redistribution can promote growth. We show that vote-buying contributes to the persistence of poverty as taxed wealthy people buy votes from poor people. We then show that there exists a democratic constitution that breaks vote-buying and promotes growth. Such a constitution involves rotating agenda… Expand
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