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Electoral Experience, Institutional Quality and Economic Development in Latin America

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  • Robin Grier
  • Beatriz Maldonado

Abstract

In a panel of 18 Latin American countries from 1900 to 2007, we test the degree to which institutions and geography affect country income. Using a new instrument, we find strong evidence that both institutions and geography are important determinants of country income. However, the penalty for economically unfavourable geography is much smaller than the potential benefits from good institutions. The coefficient estimates do not vary significantly when there are changes in the number of countries included in the analysis; the results for institutions are robust to the inclusion of country-fixed effects.

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  • Robin Grier & Beatriz Maldonado, 2015. "Electoral Experience, Institutional Quality and Economic Development in Latin America," Oxford Development Studies, Taylor & Francis Journals, vol. 43(2), pages 253-280, June.
    • Handle: RePEc:taf:oxdevs:v:43:y:2015:i:2:p:253-280
    DOI: 10.1080/13600818.2015.1025734
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    References listed on IDEAS

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    4. Silvio Borner & Aymo Brunetti & Beatrice Weder, 1995. "Political Credibility and Economic Development," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-24049-4.
    5. John Luke Gallup & Jeffrey D. Sachs & Andrew Mellinger, 1999. "Geography and Economic Development," CID Working Papers 01A, Center for International Development at Harvard University.
    6. Gallup, John & Sachs, Jeffrey, 1999. "Geography and Economic Development," Harvard Institute for International Development (HIID) Papers 294434, Harvard University, Kennedy School of Government.
    7. Gallup, J.L. & Sachs, J.D. & Mullinger, A., 1999. "Geography and Economic Development," Papers 1, Chicago - Graduate School of Business.
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    Cited by:

    1. Mavisakalyan, Astghik & Tarverdi, Yashar, 2019. "Gender and climate change: Do female parliamentarians make difference?," European Journal of Political Economy, Elsevier, vol. 56(C), pages 151-164.
    2. Redmond, Trumel & Nasir, Muhammad Ali, 2020. "Role of natural resource abundance, international trade and financial development in the economic development of selected countries," Resources Policy, Elsevier, vol. 66(C).
    3. Hicks, Daniel L. & Hicks, Joan Hamory & Maldonado, Beatriz, 2016. "Women as policy makers and donors: Female legislators and foreign aid," European Journal of Political Economy, Elsevier, vol. 41(C), pages 46-60.

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