EconPapers    
Economics at your fingertips  
 

The golden hello and political transitions

Toke S. Aidt, Facundo Albornoz () and Martin Gassebner ()

Journal of Comparative Economics, 2018, vol. 46, issue 1, 157-173

Abstract: We analyze the influence of IMF and World Bank programs on political regime transitions. We develop an extended version of Acemoglu and Robinson’s [American Economic Review 91, 2001] model of political transitions to show how the anticipation of new loans from international financial institutions can trigger political transitions which would not otherwise have taken place. We test this unexplored implication of the theory empirically. We find that the anticipation of receiving new loan programs immediately after a political regime transition increases the probability of a transition from autocracy to democracy and reduces the probability of democratic survival.

Keywords: Political transitions; Democracy; Autocracy; IMF; World bank (search for similar items in EconPapers)
JEL-codes: O19 D72 F59 F53 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0147596717300276
Full text for ScienceDirect subscribers only

Related works:
Working Paper: The Golden Hello and Political Transitions (2012) Downloads
Working Paper: The Golden Hello and Political Transitions (2012) Downloads
Working Paper: The Golden Hello and Political Transitions (2012) Downloads
Working Paper: The Golden Halo and Political Transitions (2010) Downloads
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: https://EconPapers.repec.org/RePEc:eee:jcecon:v:46:y:2018:i:1:p:157-173

Access Statistics for this article

Journal of Comparative Economics is currently edited by D. Berkowitz and G. Roland

More articles in Journal of Comparative Economics from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

 
Page updated 2019-04-05
Handle: RePEc:eee:jcecon:v:46:y:2018:i:1:p:157-173