The effect of political leaders on economic growth through institutional change

Dóra Zolcsák

Romanian Economic Journal, 2015, vol. 18, issue 58, 175-190

Abstract: The article summarizes the influence of political leaders on institutions which, according to institutional economics, directly influences economic growth. Furthermore, the study reviews the literature in which leadership itself becomes a significant factor as a possible explanation for the reason for economic growth through institutional change. Although political leader or its role in growth is still viewed as a controversial issue in economics, the paper emphasises what kind of cause-effect relations exist between political leaders and economic growth and reveals that leaders do matter directly in economic performance by the formation of institutions.

Keywords: economic growth; leadership; institutional economics; political economy (search for similar items in EconPapers)
JEL-codes: B3 O4 P48 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:rej:journl:v:18:y:2015:i:58:p:175-190

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