Διατμηματικό Πρόγραμμα Μεταπτυχιακών Σπουδών στα Πληροφοριακά Συστήματα
Konstantinou, Panagiotis
Over the past decades there have been numerous attempts to measure the effects of
candidate’s spending on election outcome. Many of the literature came up with the
conclusion that the spending by challengers greatly increases the challengers vote
share but that spending by incumbents has little or even negative effect.
This article estimates the effect that incumbent’s and challenger’s spending has on
incumbent’s vote percentage using ordinary least squares and two stage least squares
and the effect of these spending on the possibility that incumbents have to win the
elections through logit regressions.
