Political Variables in Growth Regressions

Aymo Brunetti
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Aymo Brunetti: Universität des Saarlandes

Chapter 6 in The Political Dimension of Economic Growth, 1998, pp 117-135 from Palgrave Macmillan

Abstract: Abstract In a study for the World Bank, Stone, Levy and Paredes (1992) tried to discover the main obstacles to private business development in Brazil and Chile. The research was based on interviews with forty-two clothing firms of different sizes in each country. The entrepreneurs were confronted with a list of twenty possible problems about doing business, and they were asked to assign the relative importance to each of these areas. The list included most major problems, ranging from inflation and high taxes to political uncertainty and lack of access to credit. As different as the results for the two countries were, there was one area of clear agreement: in both countries the entrepreneurs considered political and policy uncertainty a very serious problem for doing business. In Brazil, it was cited as the most important and in Chile as the second most important of the twenty obstacles to private-sector development.

Keywords: Real Exchange Rate; Civil Liberty; Base Specification; Political Violence; Political Variable (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-26284-7_6

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DOI: 10.1007/978-1-349-26284-7_6

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