Political Institutions and Growth Collapses
AbstractThis paper tests whether Rodrik's (1999) results that institutions for conflict management are associated with the ability to react to economic shocks are robust to different ways of defining the quality of such institutions. In this paper, we measure the quality of conflict management institutions with two different indices. The first is an index of political constraints on the ability of the executive to impose its will. These constraints limit the ability of the government to arbitrarily change the rules of the game and therefore may reduce redistributive struggles. The second index measures the degree of political particularism. We define political particularism as the policymakers’ ability to further their career by catering to narrow interests rather than broader national platforms, The indices used in this paper solve the endogeneity and subjectivity biases that affect Rodrik's main measure of institutional quality We find strong support for the idea that high levels of political constraints and intermediate levels of political particularism are associated with a quick recovery from economic shocks.
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Bibliographic InfoArticle provided by Instituto de Investigaciones Socio-Económicas (IISEC), Universidad Católica Boliviana in its journal Revista Latinoamericana de Desarrollo Economico.
Volume (Year): (2004)
Issue (Month): 2 (Abril)
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Postal: Universidad católica Boliviana San Pablo, Instituto de Investigaciones Socio Económicas, Av. 14 de septiembre 4807. Obrajes, La Paz, Bolivia
Phone: (591-2) 784159
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Growght; Collapses; Political;
Other versions of this item:
- Ugo Panizza & Alejandro Gaviria & Ernesto H. Stein & Jessica Seddon Wallack, 2000. "Political Institutions and Growth Collapses," IDB Publications 6468, Inter-American Development Bank.
- Ugo Panizza & Alejandro Gaviria & Ernesto H. Stein & Jessica Seddon Wallack, 2000. "Political Institutions and Growth Collapses," Research Department Publications 4207, Inter-American Development Bank, Research Department.
- Z00 - Other Special Topics - - General - - - General
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- Islam, Roumeen & Montenegro, Claudio E., 2002. "What determines the quality of institutions?," Policy Research Working Paper Series 2764, The World Bank.
- Jairo Parada C. & Alexandra García L., 2008. "Growth and Institutions in Latin America: A pooled and cross-time series analysis (1951-1999)," Revista de Economía del Caribe, UNIVERSIDAD DEL NORTE.
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