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Growth Accelerations and Regime Changes: A Correction

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  • Richard Jong-A-Pin
  • Jakob De Haan

Abstract

Hausmann, Pritchett, and Rodrik (2005) found that a political regime change increases the probability of an economic growth acceleration. When we tried to replicate their results we discovered that these authors were led astray by a datadescription error in the Polity IV manual. When we correct for the error and stick to the Polity IV definition of regime change, 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 (sustained or otherwise).

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Bibliographic Info

Article provided by Econ Journal Watch in its journal Econ Journal Watch.

Volume (Year): 5 (2008)
Issue (Month): 1 (January)
Pages: 51-58

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Handle: RePEc:ejw:journl:v:5:y:2008:i:1:p:51-58

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Keywords: economic growth; growth accelerations; regime changes;

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Cited by:
  1. Richard Jong-A-Pin & Jakob Haan, 2011. "Political regime change, economic liberalization and growth accelerations," Public Choice, Springer, Springer, vol. 146(1), pages 93-115, January.
  2. Guo Xu, 2011. "Growth Accelerations Revisited," Econ Journal Watch, Econ Journal Watch, Econ Journal Watch, vol. 8(1), pages 39-56, January.
  3. Bluhm, Richard & Crombrugghe, Denis de & Szirmai, Adam, 2012. "Explaining the dynamics of stagnation: An empirical examination of the North, Wallis and Weingast approach," MERIT Working Papers, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT) 040, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).

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