The Growth Effect of Democracy: Is It Heterogenous and How Can It Be Estimated?
Torsten Persson () and
Guido Tabellini ()
No 13150, NBER Working Papers from National Bureau of Economic Research, Inc
We estimate the effect of political regime transitions on growth with semi-parametric methods, combining difference in differences with matching, that have not been used in macroeconomic settings. Our semi-parametric estimates suggest that previous parametric estimates may have seriously underestimated the growth effects of democracy. In particular, we find an average negative effect on growth of leaving democracy on the order of -2 percentage points implying effects on income per capita as large as 45 percent over the 1960-2000 panel. Heterogenous characteristics of reforming and non-reforming countries appear to play an important role in driving these results.
JEL-codes: H11 O11 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dev and nep-pol
Note: IFM POL EFG
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (28) Track citations by RSS feed
Downloads: (external link)
Working Paper: The Growth Effect of Democracy: Is it Heterogenous and how can it be Estimated? (2007)
Working Paper: The Growth Effects of Democracy: Is It Heterogenous and How Can It Be Estimated? (2007)
Working Paper: The Growth Effect of Democracy: Is It Heterogeneous and How Can It Be Estimated? (2007)
Working Paper: The growth effect of democracy: Is it heterogenous and how can it be estimated? (2007)
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:nbr:nberwo:13150
Ordering information: This working paper can be ordered from
Access Statistics for this paper
More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().