Rain and the Democratic Window of Opportunity
Markus Brückner and
Antonio Ciccone
No 1010, Working Papers from BBVA Bank, Economic Research Department
Abstract:
According to the economic approach to political transitions, transitory negative economic shocks can open a window of opportunity for democratic improvement. Testing the theory requires a source of transitory shocks to the aggregate economy. We use rainfall shocks in Sub-Saharan African countries and find that negative rainfall shocks are followed by significant improvement in democratic institutions. Instrumental variable estimates indicate that following a transitory negative income shock of 1 percent, democracy scores improve by 0.9 percentage points and the probability of a democratic transition increases by 1.3 percentage points.
Keywords: transitory economic shocks; democratization (search for similar items in EconPapers)
JEL-codes: O0 P0 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2010-05
New Economics Papers: this item is included in nep-afr and nep-pol
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Citations: View citations in EconPapers (7)
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Related works:
Journal Article: Rain and the Democratic Window of Opportunity (2011)
Working Paper: Rain and the Democratic Window of Opportunity (2010) 
Working Paper: Rain and the Democratic Window of Opportunity (2009) 
Working Paper: Rain and the democratic window of opportunity (2009) 
Working Paper: Rain and the Democratic Window of Opportunity (2008) 
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Persistent link: https://EconPapers.repec.org/RePEc:bbv:wpaper:1010
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