Growth Accelerations and Regime Changes: A Correction

Richard Jong-A-Pin () and Jakob de Haan

No 7007, Research Report from University of Groningen, Research Institute SOM (Systems, Organisations and Management)

Abstract: We argue that the finding of Hausmann et al. (2005) that a political regime change increases the probability of an economic growth acceleration is wrong and the result of an error in their database. When we correct for this error and stick to the definition of regime change of Hausmann et al., we find that regime changes do not affect the likelihood that a growth acceleration occurs. We also find some evidence that economic liberalization increases the probability of a growth acceleration, independent of whether this acceleration is sustained.

Date: 2007
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Journal Article: Growth Accelerations and Regime Changes: A Correction (2008)
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