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Political Institutions and Growth Collapses

Author

Listed:
  • Gavira, Alejandro

    () (National Department of Planning, Colombia)

  • Panizza, Ugo

    () (Research Department of the Inter-American Development Bank)

  • Seddon, Jessica

    () (Political Economist program)

  • Stein, Ernesto

    () (Research Department of the Inter-American Development Bank)

Abstract

This 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.

Suggested Citation

  • Gavira, Alejandro & Panizza, Ugo & Seddon, Jessica & Stein, Ernesto, 2004. "Political Institutions and Growth Collapses," Revista Latinoamericana de Desarrollo Economico, Instituto de Investigaciones Socio-Económicas (IISEC), Universidad Católica Boliviana, issue 2, pages 11-32, Abril.
  • Handle: RePEc:ris:revlde:0201
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    File URL: http://www.iisec.ucb.edu.bo/journal/articulos/0201.pdf
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    References listed on IDEAS

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    1. repec:idb:brikps:35478 is not listed on IDEAS
    2. Persson, Torsten & Tabellini, Guido, 1999. "The size and scope of government:: Comparative politics with rational politicians," European Economic Review, Elsevier, vol. 43(4-6), pages 699-735, April.
    3. W. J. Henisz, 2000. "The Institutional Environment for Economic Growth," Economics and Politics, Wiley Blackwell, vol. 12(1), pages 1-31, March.
    4. Myerson, Roger B., 1999. "Theoretical comparisons of electoral systems," European Economic Review, Elsevier, vol. 43(4-6), pages 671-697, April.
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    Citations

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    Cited by:

    1. Ugo Panizza & Mónica Yañez, 2005. "Why are Latin Americans so unhappy about reforms?," Journal of Applied Economics, Universidad del CEMA, vol. 8, pages 1-29, May.
    2. Mtiraoui, Abderraouf, 2015. "Gouvernance, Capital humain et Croissance économique dans la zone OCDE: Application sur les données de panel dynamique (GMM)
      [Governance, Human Capital and Economic Growth in OECD countries: Applyi
      ," MPRA Paper 61119, University Library of Munich, Germany.
    3. Malik, Adeel & Temple, Jonathan R.W., 2009. "The geography of output volatility," Journal of Development Economics, Elsevier, vol. 90(2), pages 163-178, November.
    4. Pitlik, Hans & Wirth, Steffen, 2003. "Do crises promote the extent of economic liberalization?: an empirical test," European Journal of Political Economy, Elsevier, vol. 19(3), pages 565-581, September.
    5. Malik, Adeel & Temple, Jonathan R.W., 2009. "The geography of output volatility," Journal of Development Economics, Elsevier, vol. 90(2), pages 163-178, November.

    More about this item

    Keywords

    Growght; Collapses; Political;

    JEL classification:

    • Z00 - Other Special Topics - - General - - - General

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