Democracy Doesn’t Always Happen Over Night: Regime Change in Stages and Economic Growth

Vanessa A. Boese-Schlosser and Markus Eberhardt

EconStor Open Access Articles and Book Chapters, 2024, issue Forthcoming, 1-29

Abstract: How substantial are the economic benefits from democratic regime change? We argue that democratisation is often not a discrete event but a two-stage process: autocracies enter into ‘episodes’ of political liberalisation which eventually culminate in regime change or not. To account for this chronology and the implicit counterfactual groups, we introduce a repeated-treatment difference-in-difference implementation capturing non-parallel trends and selection into treatment. We find that modelling regime change in two stages rather than a single event yields stronger long-run growth effects. Among democratizers, experiencing repeated episodes without regime change reduces growth in democracy whereas length of episode does not.

Keywords: Democracy; Growth; Political Develpoment; Difference-in-Difference; Interactive Fixed Effects (search for similar items in EconPapers)
Date: 2024
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Working Paper: Democracy doesn't always happen overnight: Regime change in stages and economic growth (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:espost:295128

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