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Electoral volatility and political finance regulation in Colombia

Castañeda, N; (2018) Electoral volatility and political finance regulation in Colombia. Colombia Internacional , 95 pp. 3-24. 10.7440/colombiaint95.2018.01. Green open access

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Abstract

This article examines the relationship between electoral volatility and political finance regulation in Colombia. The author argues that recent political finance reforms in this country (e.g. changes in regulation of campaign donations, campaign spending, and public funding provisions) are strategic responses to high electoral volatility. Recent reforms of political financing in Colombia have turned political parties into cartel parties that exclude new challengers from electoral competition and are increasingly dependent on public subsidies. Using data on political finance regulations and electoral volatility between 1990 and 2015, this article provides empirical evidence that increasing electoral volatility makes political campaigning more expensive and provides strong incentives for politicians to prevent new parties from entering the electoral arena, limits their access to private donations, and makes more public resources available for dominant parties.

Type: Article
Title: Electoral volatility and political finance regulation in Colombia
Open access status: An open access version is available from UCL Discovery
DOI: 10.7440/colombiaint95.2018.01
Publisher version: http://doi.org/10.7440/colombiaint95.2018.01
Language: English
Additional information: Copyright © Derechos Reservados Universidad de los Andes. This journal's contents are licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 Internacional
Keywords: Campaign finance reform; electoral volatility; cartel party theory
UCL classification: UCL
UCL > Provost and Vice Provost Offices
UCL > Provost and Vice Provost Offices > UCL SLASH
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Institute of the Americas
URI: https://discovery.ucl.ac.uk/id/eprint/10053818
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