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Public Funding of Political Parties
Author(s) -
ORTUNOORTÍN IGNACIO,
SCHULTZ CHRISTIAN
Publication year - 2005
Publication title -
journal of public economic theory
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.809
H-Index - 32
eISSN - 1467-9779
pISSN - 1097-3923
DOI - 10.1111/j.1467-9779.2005.00244.x
Subject(s) - politics , campaign finance , public fund , public funding , convergence (economics) , public finance , economics , public economics , business , finance , public administration , political science , macroeconomics , law
This paper studies the typical European system for public funding of parties, where parties receive public funds depending on their vote share. These funds finance electoral campaigns. It is shown that such a funding system increases policy convergence. The effect is larger, the more funding depends on vote shares. If the parties have access to other means of campaign finance given in a lump‐sum way, the effect is moderated.