Growth Accelerations and Regime Changes: A Correction
We argue that the finding of Hausmann et al. (2005) that a political regime change increases the probability of an economic growth acceleration is wrong and the result of an error in their database. When we correct for this error and stick to the definition of regime change of Hausmann et al., 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, independent of whether this acceleration is sustained.
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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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