Evolution of Risk and Political Regimes

Maria Petrova and Robert Bates

No w0137, Working Papers from Center for Economic and Financial Research (CEFIR)

Abstract: The article contributes to the growing literature on intermediate regiimes by presenting a model that incorporates key features of such regimes and generates several of the "stylized facts" that characterize their behavior: their political volatility, cross nationality and over time, and the veriability of their economic performance something that renders their economies among the fastest growing and declining in global samples. Using an instrumental veriables approach, we test the model employing cross-national data.

Pages: 51 pages
Date: 2010-02
New Economics Papers: this item is included in nep-pol
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http://www.cefir.ru/papers/WP137.pdf (application/pdf)

Related works:
Journal Article: Evolution of Risk and Political Regimes (2012)
Working Paper: Evolution of Risk and Political Regimes (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:cfr:cefirw:w0137

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