BREAD Working Paper No. 514, June 2017

Money and Politics: The Effects of Campaign Spending Limits on Political Competition and Incumbency Advantage Eric Avis, Claudio Ferraz, Frederico Finan, Carlos Varjão This paper examines the effects of campaign spending limits on political competition and incumbency advantage. We study a reform in Brazil that imposed limits on campaign spending for mayoral elections. These limits […]

BREAD Working Paper N0. 578, June 2020

Political Power, Elite Control, and Long-Run Development: Evidence from Brazil Claudio Ferraz, Frederico Finan, Monica Martinez-Bravo Abstract This paper analyzes how changes in the concentration of political power affect long-run development. We study Brazil’s military dictatorship whose rise to power dramatically altered the distribution of power of local political elites. We document that municipalities that […]