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Growth Accelerations and Regime Changes: A Correction

Author

Listed:
  • Richard Jong-A-Pin
  • Jakob De Haan

Abstract

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 data-description 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).

Suggested Citation

  • Richard Jong-A-Pin & Jakob De Haan, 2008. "Growth Accelerations and Regime Changes: A Correction," Econ Journal Watch, Econ Journal Watch, vol. 5(1), pages 51-58, January.
  • Handle: RePEc:ejw:journl:v:5:y:2008:i:1:p:51-58
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    References listed on IDEAS

    as
    1. Philip R. P. Coelho & Frederick De Worken-Eley III & James E. McClure, 2005. "Decline in Critical Commentary, 1963–2004," Econ Journal Watch, Econ Journal Watch, vol. 2(2), pages 355-361, August.
    2. 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, August.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Guo Xu, 2011. "Growth Accelerations Revisited," Econ Journal Watch, Econ Journal Watch, vol. 8(1), pages 39-56, January.
    2. Pál Czeglédi, 2014. "The theory of interventionism as an Austrian theory of slowdowns," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 27(4), pages 419-449, December.
    3. Bluhm, Richard & Crombrugghe, Denis de & Szirmai, Adam, 2012. "Explaining the dynamics of stagnation: An empirical examination of the North, Wallis and Weingast approach," MERIT Working Papers 040, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    4. Richard Jong-A-Pin & Jakob Haan, 2011. "Political regime change, economic liberalization and growth accelerations," Public Choice, Springer, vol. 146(1), pages 93-115, January.
    5. repec:ejw:journl:v:12:y:2015:i:2:p:164-191 is not listed on IDEAS
    6. Maren Duvendack & Richard W. Palmer-Jones & W. Robert Reed, 2015. "Replications in Economics: A Progress Report," Econ Journal Watch, Econ Journal Watch, vol. 12(2), pages 164–191-1, May.

    More about this item

    Keywords

    economic growth; growth accelerations; regime changes;

    JEL classification:

    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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