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d’Este, Rocco, Draca, Mirko and Fons-Rosen, Christian (2023) Shadow lobbyists. Working Paper. Coventry: University of Warwick. Department of Economics. Warwick economics research papers series (WERPS) (1449). (Unpublished)
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Official URL: https://warwick.ac.uk/fac/soc/economics/research/w...
Abstract
Special interest influence via lobbying is increasingly controversial and legislative efforts to deal with this issue have centred on the principle of transparency. In this paper we evaluate the effectiveness of the current regulatory framework provided by the US Lobbying Disclosure Act (LDA). Specifically, we study the role of ex-Congressional officials who join US lobbying firms in positions that could be related to lobbying activity but without officially registering as lobbyists themselves. We find that firm lobbying revenues increase significantly when these potential ‘shadow lobbyists’ join, with effects in the range of 10-20%. This shadow lobbyist revenue effect is comparable to the effect of a registered lobbyist at the median of the industry skill distribution. As such, it is challenging to reconcile the measured shadow lobbyist effect with the 20% working time threshold for registering as a lobbyist. Based on our estimates, the unaccounted for contributions of unregistered lobbyists can be valued at $149 million USD in revenue terms and this effect is concentrated within the industry’s largest and most active firms.
Item Type: | Working or Discussion Paper (Working Paper) | |||||||||
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Subjects: | J Political Science > JK Political institutions (United States) | |||||||||
Divisions: | Faculty of Social Sciences > Economics | |||||||||
Library of Congress Subject Headings (LCSH): | Lobbying -- United States, Campaign funds -- United States, Pressure groups -- United States | |||||||||
Series Name: | Warwick economics research papers series (WERPS) | |||||||||
Publisher: | University of Warwick. Department of Economics | |||||||||
Place of Publication: | Coventry | |||||||||
ISSN: | 0083-7350 | |||||||||
Official Date: | January 2023 | |||||||||
Dates: |
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Number: | 1449 | |||||||||
Institution: | University of Warwick | |||||||||
Status: | Not Peer Reviewed | |||||||||
Publication Status: | Unpublished | |||||||||
Access rights to Published version: | Free Access (unspecified licence, 'bronze OA') | |||||||||
RIOXX Funder/Project Grant: |
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Open Access Version: |
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