Patient democracies?

Daniel Horn, Hubert Janos Kiss and Sára Khayouti ()
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Sára Khayouti: University of Amsterdam, Roetersstraat 11, 1018 WB Amsterdam, The Netherlands

No 2012, CERS-IE WORKING PAPERS from Institute of Economics, Centre for Economic and Regional Studies

Abstract: We test if the political regime of a country associates with the patience of the citizens. Recent findings indicate that i) more democratic countries tend to have higher growth, and ii) patience correlates positively with economic development, suggesting a potential link between the political regime and patience. We document a positive association between the level of democracy and patience for most of the political regime indices that we use, even after controlling for region, economic development, geographical conditions, and culture. We report some evidence that political participation is behind our findings.

Keywords: democracy; patience; political regime; time preferences (search for similar items in EconPapers)
JEL-codes: D02 D12 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2020-02
New Economics Papers: this item is included in nep-cdm and nep-gro
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