Democracy and Volatility: Do Special-Interest Groups Matter?

Bonnie Wilson (), Dennis Coates () and Jac Heckelman ()

Working Papers from Saint Louis University, Department of Economics

Abstract: This paper empirically explores the relationship between special-interest groups and volatility, with focus on the interplay between groups and democracy and on the impact of groups on policy volatility. We find that countries with more interest groups are characterized by less policy volatility; that the number of interest groups has a direct impact on growth volatility, in addition to an indirect impact through policy volatility; and that interest groups appear to be a channel through which democracy impacts both policy volatility and growth volatility.

Keywords: special interest groups; volatility; democracy (search for similar items in EconPapers)
JEL-codes: P16 O43 D7 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cdm and nep-pol
Date: 2008-08, Revised 2009-08
References: Add references at CitEc
Citations View citations in EconPapers (4) Track citations by RSS feed

Downloads: (external link)
http://jcsb.slu.edu/repec/slu/democ_vol_p.pdf Revised version, 2010
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to jcsb.slu.edu:80 (10060)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:slu:wpaper:2008-01

Access Statistics for this paper

More papers in Working Papers from Saint Louis University, Department of Economics
Contact information at EDIRC.
Series data maintained by Bonnie Wilson ().