Democracy versus dictatorship? The political determinants of growth episodes
Kunal Sen (),
Lant Pritchett (),
Sabyasachi Kar and
Selim Raihan ()
Global Development Institute Working Paper Series from GDI, The University of Manchester
In contrast to previous literature, which looks at the effect of democracy on long-run growth or short-run volatility of growth, we examine the effect of political institutions on medium-term growth episodes. These are episodes of accelerations and decelerations that characterise the growth experience of most developing countries. We find that the effect of political institutions on growth is asymmetric across accelerations and decelerations, and that democracies do not necessarily outperform autocracies in a growth acceleration episode, though they are likely to prevent large growth collapses. When we disaggregate the type of autocracy, we find that partybased autocracies outperform democracies in growth acceleration episodes, though they do not limit the fall in the magnitude in growth deceleration episodes in comparison to democracies.
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
http://www.effective-states.org/wp-content/uploads ... chett_kar_raihan.pdf (application/pdf)
Working Paper: Democracy Versus Dictatorship? The Political Determinants of Growth Episodes (2016)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bwp:bwppap:esid-070-16
Access Statistics for this paper
More papers in Global Development Institute Working Paper Series from GDI, The University of Manchester Contact information at EDIRC.
Bibliographic data for series maintained by Rowena Harding ().