Journal of Political Economy Vol. 108 No. 6 2000
Comparative Politics and Public Finance
Abstract
We propose a model with micropolitical foundations to compare the public …nance outcomes under a presidential-congressional and a parliamentary system. Compared to a parliamentary system, a presidentialcongressional system has less incentives for legislative cohesion, but has a clearer separation of powers. These features make public …nance outcomes radically di¤erent in the two systems. A Parliamentary system has redistribution towards a majority, less underprovision of public goods, more rents to politicians and a higher tax burden, whereas a presidential-congressional system has redistribution towards powerful minorities, more underprovision of public goods, but less rents to politicians and a smaller size of government. JEL classi…cation: H00, D72, D78.
- DOI
- 10.1086/317686
- Volume
- 108
- Issue
- 6
- Pages
- 1121-1161
- Language
- en
- Sources
- bibtex:phds-export.bib openalex crossref