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Compensation or Constraint? How Different Dimensions of Economic Globalization Affect Government Spending and Electoral Turnout

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  • Marshall, John
  • Fisher, Stephen D.

Abstract

This article extends theoretical arguments regarding the impact of economic globalization on policy making to electoral turnout and considers how distinct dimensions of globalization may produce different effects. It theorizes that constraints on government policy that reduce incentives to vote are more likely to be induced by foreign ownership of capital, while compensation through increased government spending is more likely (if at all) to be the product of structural shifts in production associated with international trade. Using data from twenty-three OECD countries from 1970–2007, the study finds strong support for the ownership-constraint hypothesis in which foreign ownership reduces turnout, both directly and – in strict opposition to the compensation hypothesis – indirectly by reducing government spending (and thus the importance of politics). The results suggest that increased foreign ownership, especially the most mobile capital flows, can explain up to two-thirds of the large declines in turnout over recent decades.

Suggested Citation

  • Marshall, John & Fisher, Stephen D., 2015. "Compensation or Constraint? How Different Dimensions of Economic Globalization Affect Government Spending and Electoral Turnout," British Journal of Political Science, Cambridge University Press, vol. 45(2), pages 353-389, April.
  • Handle: RePEc:cup:bjposi:v:45:y:2015:i:02:p:353-389_00
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    Cited by:

    1. Emna Trabelsi, 2016. "Transparency on inflation of OECD countries? An Application of LSDVC Estimator on a dynamic Panel Model," Economics Bulletin, AccessEcon, vol. 36(2), pages 1095-1126.
    2. Emna Trabelsi, 2016. "What effects exert Economic Globalization and Central Bank Transparency on inflation of OECD countries? An Application of LSDVC Estimator on a dynamic Panel Model," Working Papers hal-01157387, HAL.
    3. Stuart J Turnbull-Dugarte, 2020. "Why vote when you cannot choose? EU intervention and political participation in times of constraint," European Union Politics, , vol. 21(3), pages 406-428, September.
    4. Philipp Heimberger, 2021. "Does economic globalization affect government spending? A meta-analysis," Public Choice, Springer, vol. 187(3), pages 349-374, June.
    5. Sijeong Lim & Brian Burgoon, 2017. "Globalization and Support for Unemployment Spending in Asia," Working Papers hal-01670983, HAL.
    6. Ingo Rohlfing & Tobias Schafföner, 2019. "The time-varying relationship between economic globalization and the ideological center of gravity of party systems," PLOS ONE, Public Library of Science, vol. 14(2), pages 1-26, February.

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