Two New Publication Acceptances for Pete Calcagno
Congratulations to Pete Calcagno, professor of economics and director of the Center for Public Choice and Market Process, on having two articles accepted; one was with Beatriz Maldonado, associate professor of economics.
Calcagno, Peter T., Alexander Marsella, and Yang Zhou “Income Inequality and Party Alternation: State-Level Evidence from the United States” Contemporary Economic Policy – Forthcoming
Abstract:
Using multiple measures of income inequality and political party alternation for US states we examine panel data from 1971 to 2015 to test whether income inequality affects party alternation for governors. We test both continuous and discrete measures of party alternation at the state level. The evidence suggests that income inequality increases party alternation and has a nonlinear relationship with gubernatorial-party alternation. Meanwhile, the income inequality backlash is more evident for Republicans and favors Democrats when inequality is high, with the opposite being true when inequality is low. The statistical significance of the results varies with the choice of inequality and party alternation measures. Regardless, it shows that income inequality for states should be examined to understand party alternation and control.
Calcagno, Peter T., Beatriz Maldonado, Todd Nesbit, and Frankie Zeager “Political Systems, Regime Memory, and Economic Freedom” Contemporary Economic Policy – Forthcoming
Abstract:
We expand on the economics research about regime types, culture, institutions, and economic freedom, with the development of a measure of regime memory and examine the generational effect of past regimes on a country’s level of economic freedom. Using a panel of 146 countries between 1970-2015 we follow the literature and argue that institutions can be fast and slow moving. By accounting for the current as well as regime memory we attempt to account for both types of institutions. We find evidence that regime memory promotes improvements in (discourages) economic freedom for countries that are historically democratic (autocratic).
Kudos to both Pete and Bea on these acceptances!