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Political competition and economic growth: A test of two tales

Author

Listed:
  • Leonida, Leone
  • Maimone Ansaldo Patti, Dario
  • Marini, Annalisa
  • Navarra, Pietro

Abstract

We empirically compare the thesis of Acemoglu and Robinson (2006) that the impact of political competition on economic growth is non-monotonic with that of Besley et al. (2010) that it is monotonically increasing, using data on 119 economies in the period 1980–2010. The results are in accord with Acemoglu and Robinson (2006).

Suggested Citation

  • Leonida, Leone & Maimone Ansaldo Patti, Dario & Marini, Annalisa & Navarra, Pietro, 2015. "Political competition and economic growth: A test of two tales," Economics Letters, Elsevier, vol. 135(C), pages 96-99.
  • Handle: RePEc:eee:ecolet:v:135:y:2015:i:c:p:96-99 DOI: 10.1016/j.econlet.2015.08.006
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    References listed on IDEAS

    as
    1. Leone Leonida & Dario Maimone Ansaldo Patti & Pietro Navarra, 2013. "Testing the Political Replacement Effect: A Panel Data Analysis," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 75(6), pages 785-805, December.
    2. repec:cup:apsrev:v:100:y:2006:i:01:p:115-131_06 is not listed on IDEAS
    3. Timothy Besley & Torsten Persson & Daniel M. Sturm, 2010. "Political Competition, Policy and Growth: Theory and Evidence from the United States," CEP Discussion Papers dp1009, Centre for Economic Performance, LSE.
    4. Jo Thori Lind & Halvor Mehlum, 2010. "With or Without U? The Appropriate Test for a U-Shaped Relationship," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 72(1), pages 109-118, February.
    5. Barro, Robert J. & Lee, Jong Wha, 2013. "A new data set of educational attainment in the world, 1950–2010," Journal of Development Economics, Elsevier, pages 184-198.
    6. Acemoglu, Daron & Robinson, James A., 2006. "Economic Backwardness in Political Perspective," American Political Science Review, Cambridge University Press, vol. 100(01), pages 115-131, February.
    7. Kiviet, Jan F., 1995. "On bias, inconsistency, and efficiency of various estimators in dynamic panel data models," Journal of Econometrics, Elsevier, vol. 68(1), pages 53-78, July.
    8. Timothy Besley & Torsten Persson & Daniel M. Sturm, 2010. "Political Competition, Policy and Growth: Theory and Evidence from the US," Review of Economic Studies, Oxford University Press, vol. 77(4), pages 1329-1352.
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    More about this item

    Keywords

    Political competition; Economic performance; Panel data;

    JEL classification:

    • D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements

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