Political regime type and variation in economic growth rates

Erich Weede

Constitutional Political Economy, 1996, vol. 7, issue 3, 167-176

Abstract: Research about the effects of regime type on economic growth rates did not establish any robust differences in average growth rates between democracies and autocracies. Here, it is suggested that we may have asked the wrong question. There still might be a difference in variances. Democracy implies similar constraints on rulers and thereby might lead to quite similar economic performances. Among autocracies, however, constitutional and institutional constraints are likely to be weak and variable. Moreover, personal inclinations of autocrats might matter much more than personality differences between democratic rulers. Data from the 1960–87 period supply some evidence that there is indeed greater variation in growth rates among autocracies than among democracies. Copyright Kluwer Academic Publishers 1996

Keywords: N40; O40 (search for similar items in EconPapers)
Date: 1996
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Citations: View citations in EconPapers (23)

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DOI: 10.1007/BF00128160

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