1. Source: U.S. National Governors Association. Reelection: The proportion of years (within the time interval) in which the governor is not in his/her last term. Source: U.S. National Governors Association. Real GSP per capita: Real GSP, divided by state population;Source: U.S. Census Bureau,2016
2. Democratic representatives in the U.S. lower house: The average number of Democratic representatives in the lower house during the inspected time interval;= Democrat, 0.5 = non-major party governor. Source: Marty and Grossman,2016
3. Budgets overseen: The number of budgets that the governor has overseen. If a governor leaves and comes back, the budgets he/she oversaw in the past are also counted;NE is excluded. Source: Marty and Grossman,2016
4. Congress-governor party match: The extent to which the state U.S. Congress representatives are affiliated with the same party as the governor. Computed as the interaction of the fraction of years (within the time interval) that the governor is affiliated with the Democratic Party and the average share (within the time interval) of U.S. Congress members that are affiliated with the Democratic Party. TFP shocks: Main measure -national-level cumulative utilization-adjusted TFP shocks;Ranney Index;Ranney measure of electoral competitiveness (Ranney (1976)). Fouryear moving average. Varies between 0.5 and 1; higher values representing higher levels of competitiveness. NE is excluded. Source: Marty and Grossman,1998