Does national leaders’ work experience matter for economic growth?
Xiangyu Shi
Economics Letters, 2024, vol. 235, issue C
Abstract:
I examine the effects of national leaders’ work experience on economic growth. Exploiting a cross-country panel data set that covers 135 countries and 60 years (1950–2010), I find that leaders’ richness of experience in public sectors (REPS) has significant and positive impacts on economic growth. I employ random leadership transitions and a regression discontinuity approach based on close elections to establish causality. I also rule out the case that better growth trajectories lead to the selection of more experienced leaders. REPS also improves various economic and political outcomes. Leaders’ work experience in private sectors does not have discernible effects on economic growth.
Keywords: National leaders; Work experience; Public sectors; Human capital; Economic growth (search for similar items in EconPapers)
JEL-codes: E61 H11 M12 O20 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:235:y:2024:i:c:s016517652300530x
DOI: 10.1016/j.econlet.2023.111504
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