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Political regime type and variation in economic growth rates

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  • Erich Weede

Abstract

Research about the effects of regime type on economic growth rates did not establish any robust differences in average growth rates between democracies and autocracies. Here, it is suggested that we may have asked the wrong question. There still might be a difference in variances. Democracy implies similar constraints on rulers and thereby might lead to quite similar economic performances. Among autocracies, however, constitutional and institutional constraints are likely to be weak and variable. Moreover, personal inclinations of autocrats might matter much more than personality differences between democratic rulers. Data from the 1960–87 period supply some evidence that there is indeed greater variation in growth rates among autocracies than among democracies. Copyright Kluwer Academic Publishers 1996

Suggested Citation

  • Erich Weede, 1996. "Political regime type and variation in economic growth rates," Constitutional Political Economy, Springer, vol. 7(3), pages 167-176, September.
    • Handle: RePEc:kap:copoec:v:7:y:1996:i:3:p:167-176
    DOI: 10.1007/BF00128160
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    References listed on IDEAS

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    1. Raaj Kumar Sah, 1991. "Fallibility in Human Organizations and Political Systems," Journal of Economic Perspectives, American Economic Association, vol. 5(2), pages 67-88, Spring.
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    Cited by:

    1. Daniel Horn & Hubert Kiss Janos & Sára Khayouti, 2020. "Does trust associate with political regime?," CERS-IE WORKING PAPERS 2013, Institute of Economics, Centre for Economic and Regional Studies.
    2. ., 2010. "The Korean Political System and its Effects on the Economy," Chapters, in: The Korean Economy in Transition, chapter 3, Edward Elgar Publishing.
    3. François, Abel & Panel, Sophie & Weill, Laurent, 2020. "Educated dictators attract more foreign direct investment," Journal of Comparative Economics, Elsevier, vol. 48(1), pages 37-55.
    4. Timothy Besley & Hannes Mueller, 2018. "Institutions, Volatility, and Investment," Journal of the European Economic Association, European Economic Association, vol. 16(3), pages 604-649.
    5. Chong-Sup Kim & Seungho Lee, 2018. "Regime types, ideological leanings, and the natural resource curse," Constitutional Political Economy, Springer, vol. 29(1), pages 1-19, March.
    6. Alfredo Esposto & Peter Zaleski, 1999. "Economic Freedom and the Quality of Life: An Empirical Analysis," Constitutional Political Economy, Springer, vol. 10(2), pages 185-197, June.
    7. Abel FRANCOIS & Sophie PANEL & Laurent WEILL, 2018. "Are Some Dictators More Attractive to Foreign Investors?," Working Papers of LaRGE Research Center 2018-05, Laboratoire de Recherche en Gestion et Economie (LaRGE), Université de Strasbourg.
    8. Tausch, Arno & Ghymers, Christian, 2011. "Los católicos globales. El primer sondeo global del catolicismo mundial según el “World Values Survey” y el “European Social Survey” [Global Catholics. The first global opinion survey of global Cat," MPRA Paper 33228, University Library of Munich, Germany.
    9. Millemaci, Emanuele & Monteforte, Fabio & Temple, Jonathan R. W., 2023. "Have autocrats governed for the long term?," SocArXiv w8khb, Center for Open Science.
    10. repec:zbw:bofitp:2019_012 is not listed on IDEAS
    11. Kangoye, Thierry, 2011. "Does Foreign Aid Promote Democracy?," WIDER Working Paper Series 064, World Institute for Development Economic Research (UNU-WIDER).
    12. Weede Erich, 2001. "Comparative Economic Performance in China and India," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 11(1), pages 1-17, March.
    13. Audi, Marc & Ehsan, Rehan & Ali, Amjad, 2022. "Does Globalization Promote Financial Integration in South Asian Economies? Unveiling the Role of Monetary and Fiscal Performance in Internationalization," MPRA Paper 119365, University Library of Munich, Germany, revised 2023.
    14. Yang, Benhua, 2011. "Political democratization, economic liberalization, and growth volatility," Journal of Comparative Economics, Elsevier, vol. 39(2), pages 245-259, June.
    15. Steven Hall & Misa Nishikawa, 2018. "Alternation of parties in power and economic volatility: testing the rational partisan hypothesis and policy learning hypothesis," Economics of Governance, Springer, vol. 19(2), pages 91-118, May.
    16. Fabio Monteforte & Jonathan R. W. Temple, 2020. "The autocratic gamble: evidence from robust variance tests," Economics of Governance, Springer, vol. 21(4), pages 363-384, December.
    17. Yang, Benhua, 2008. "Does democracy lower growth volatility? A dynamic panel analysis," Journal of Macroeconomics, Elsevier, vol. 30(1), pages 562-574, March.
    18. Antonis Adam & Kostas Karanatsis, 2019. "Sovereign Defaults and Democracy," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 61(1), pages 36-62, March.
    19. Thierry Kangoye, 2011. "Does Foreign Aid Promote Democracy?," WIDER Working Paper Series wp-2011-064, World Institute for Development Economic Research (UNU-WIDER).
    20. Kunal Sen & Lant Pritchett & Sabyasachi Kar & Selim Raihan, 2016. "Democracy versus dictatorship? The political determinants of growth episodes," Global Development Institute Working Paper Series esid-070-16, GDI, The University of Manchester.
    21. Abel FRANCOIS & Sophie PANEL & Laurent WEILL, 2018. "Are Some Dictators More Attractive to Foreign Investors?," Working Papers of LaRGE Research Center 2018-05, Laboratoire de Recherche en Gestion et Economie (LaRGE), Université de Strasbourg.
    22. Arvind Subramanian & Shanker Satyanath, 2008. "The Political Economy of Nominal Macroeconomic Pathologies," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 55(1), pages 3-37, March.

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    More about this item

    Keywords

    N40; O40;

    JEL classification:

    • N40 - Economic History - - Government, War, Law, International Relations, and Regulation - - - General, International, or Comparative
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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