God save the queen, god save us all? Monarchies and institutional quality

Sebastian Garmann

Scottish Journal of Political Economy, 2018, vol. 65, issue 2, 186-204

Abstract: Until the beginning of the 20th century, monarchy was the predominant constitutional form and is still in place today in many countries. However, although a voluminous body of research is concerned with the consequences of constitutions for human development and institutional quality, research on the consequences of monarchy is almost non‐existent. This paper explores the effects of monarchy on economic institutional quality and provides evidence that monarchies are associated with significantly better institutions. Robustness checks indicate that this result cannot be explained through alternative channels such as monarchies being on average richer or smaller.

Date: 2018
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https://doi.org/10.1111/sjpe.12154

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Persistent link: https://EconPapers.repec.org/RePEc:bla:scotjp:v:65:y:2018:i:2:p:186-204

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