Economic Consequences of Constitutions: A Theory and Survey
AbstractThe paper outlines why and how political institutions, especially constitutional ones, matter for what decisions are made in the political process and thereby for how the economy functions. The main part contains a survey of empirical studies in this area. Among the things covered: the effects of political and economic freedom, not least property rights, on economic growth; how stricter budgetprocess rules affect tendencies for deficits; the role of electoral systems for shaping policies and affecting fiscal deficits; and the effects of separation of powers â€“ e.g., federalism and referenda â€“ on government size. Ce papier retrace dans les grandes lignes pourquoi et comment les institutions politiques, notamment celles de nature constitutionnelle, importent pour les dÃ©cisions prises au niveau politique et en consÃ©quence sur la maniÃ¨re dont fonctionne lâ€™Ã©conomie. La majeure partie du papier consiste en un examen des Ã©tudes empiriques dans ce domaine. Parmi les choses analysÃ©es : les effets de la libertÃ© politique et Ã©conomique, en particulier les droits de propriÃ©tÃ©, sur la croissance Ã©conomique ; comment des rÃ¨gles plus strictes lors de lâ€™Ã©laboration du budget influent sur la tendance au dÃ©ficit ; le rÃ´le des systÃ¨mes Ã©lectoraux dans lâ€™Ã©laboration des politiques et dans la taille des dÃ©ficits ; et les effets de la sÃ©paration des pouvoirs â€“ par exemple fÃ©dÃ©ralisme et referenda â€“ sur la taille du gouvernement.
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Bibliographic InfoArticle provided by De Gruyter in its journal Journal des Economistes et des Etudes Humaines.
Volume (Year): 14 (2004)
Issue (Month): 1 ()
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Web page: http://www.degruyter.com
Find related papers by JEL classification:
- D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
- D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy-Making and Implementation
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
- H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
- H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
- H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
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- Justesen, Mogens K. & Kurrild-Klitgaard, Peter, 2007. "The constitution of economic growth: Testing the prosperity effects of a Madisonian model on a panel of countries 1980‐2000," MPRA Paper 36063, University Library of Munich, Germany.
- Kurrild-Klitgaard, Peter, 2005. "Ulysses and the Rent-Seekers: The Benefits and Challenges of Constitutional Constraints on Leviathan," Ratio Working Papers 68, The Ratio Institute.
- Justesen, Mogens K., 2008. "The effect of economic freedom on growth revisited: New evidence on causality from a panel of countries 1970-1999," European Journal of Political Economy, Elsevier, vol. 24(3), pages 642-660, September.
- Stefan Voigt, 2009.
"Positive Constitutional Economics II—A Survey of Recent Developments,"
MAGKS Papers on Economics
200936, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
- Stefan Voigt, 2011. "Positive constitutional economics II—a survey of recent developments," Public Choice, Springer, vol. 146(1), pages 205-256, January.
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