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Political leadership change: A theoretical assessment using a human capital ?learning by doing? model

Miguel Rocha de Sousa

Economics Working Papers from University of Évora, Department of Economics (Portugal)

Abstract: We present an economic growth model with human capital, based upon Arrow (1962), in which we assess the impact of political leadership change either in governments or political parties. The change of leadership might be seen as a change in embedded human capital, and thus we might evaluate the loss or gain for society due to these political activities. The approach is theoretical using Arrowian economic setting. We formulate the conditions in which it is worth it, or how long does it take to recover from a political leadership change. The embedded process is an economic one, known as ?learning by doing?, but this time applied to political processes.

Keywords: Arrow?s model; Human capital; Learning by doing (LBD); Political leadership; Rotation of leaders; Time to recover from political leadership change (search for similar items in EconPapers)
JEL-codes: J24 O41 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2010
New Economics Papers: this item is included in nep-cdm, nep-hrm, nep-mic and nep-pol
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Persistent link: https://EconPapers.repec.org/RePEc:evo:wpecon:5_2010

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