Growth Accelerations and Regime Changes: A Correction
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).
Volume (Year): 5 (2008)
Issue (Month): 1 (January)
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- Philip R. P. Coelho & Frederick De Worken-Eley III & James E. McClure, 2005. "Decline in Critical Commentary, 1963â€“2004," Econ Journal Watch, Econ Journal Watch, vol. 2(2), pages 355-361, August.
- Jonas Dovern & Peter Nunnenkamp, 2007. "Aid and Growth Accelerations: An Alternative Approach to Assessing the Effectiveness of Aid," Kyklos, Wiley Blackwell, vol. 60(3), pages 359-383, 08.
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