Na quarta-feira, 27 de Junho, pelas 14h30, o Centro NOVAFRICA recebe Frederico Finan, da Universidade de California – Berkeley, para apresentar o seu trabalho.
Frederico Finan (Universidade de California – Berkeley)
This paper examines the effects of campaign spending limits on political entry and competition. We study a reform in Brazil that imposed limits on campaign spending for mayoral elections. These limits were implemented with a discontinuous kink which we exploit for causal identification. We find that stricter limits increase political competition by creating a larger pool of candidates that is on average less wealthy. Stricter spending limits also reduce the likelihood that mayors are reelected. We interpret our reduced-form findings using a contest model with endogenous entry of candidates.
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