The Effect of Campaign Spending on Electoral Results: An Assessment of Jacobson’s Theory on the 2008 Legislative Election in Taiwan

Campaign expenditure has been the most direct and efficient resource for candidates, since it provides the medium for the voters to know the candidates and their policy platforms. The previous literature also shows that the election result is profoundly influenced by the campaign spending. Unfortunately, there have been few related empirical studies in Taiwan prior to the passage of the Political Contribution Act. In this paper, we collect and analyze the campaign spending for the 2008 legislative election from the Control Yuan.

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