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Economic Performance and Leadership Accountability: An Econometric Analysis

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  • M. E. Gallego

Abstract

Logit models of leadership duration test whether different agents are responsible for constitutional and unconstitutional transfers of power. Lagged values of per capita real investment have a significantly negative impact on unconstitutional transitions. This suggests that the elites of less developed countries determine the timing of unconstitutional transfers as they are the ones with investment capabilities. Lagged values of per capita real consumption are associated with the well‐being of an average citizen. However, consumption exerts an unexpected positive influence on constitutional transitions when political regime differences are not taken into account. This significant effect disappears with the inclusion of parliamentary and presidential regime dummies.

Suggested Citation

  • M. E. Gallego, 1998. "Economic Performance and Leadership Accountability: An Econometric Analysis," Economics and Politics, Wiley Blackwell, vol. 10(3), pages 249-296, November.
    • Handle: RePEc:bla:ecopol:v:10:y:1998:i:3:p:249-296
    DOI: 10.1111/1468-0343.00046
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    Cited by:

    1. Joel Guttman & Rafael Reuveny, 2014. "On revolt and endogenous economic policy in autocratic regimes," Public Choice, Springer, vol. 159(1), pages 27-52, April.
    2. Gallego, M. & Pitchik, C., 2004. "An economic theory of leadership turnover," Journal of Public Economics, Elsevier, vol. 88(12), pages 2361-2382, December.

    More about this item

    JEL classification:

    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • C35 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General

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