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Patient democracies?

Author

Listed:
  • Daniel Horn

    (Centre for Economic and Regional Studies and Corvinus University of Budapest)

  • Hubert Kiss Janos

    (Centre for Economic and Regional Studies and Corvinus University of Budapest)

  • Sára Khayouti

    (University of Amsterdam, Roetersstraat 11, 1018 WB Amsterdam, The Netherlands)

Abstract

We test if the political regime of a country associates with the patience of the citizens. Recent findings indicate that i) more democratic countries tend to have higher growth, and ii) patience correlates positively with economic development, suggesting a potential link between the political regime and patience. We document a positive association between the level of democracy and patience for most of the political regime indices that we use, even after controlling for region, economic development, geographical conditions, and culture. We report some evidence that political participation is behind our findings.

Suggested Citation

  • Daniel Horn & Hubert Kiss Janos & Sára Khayouti, 2020. "Patient democracies?," CERS-IE WORKING PAPERS 2012, Institute of Economics, Centre for Economic and Regional Studies.
    • Handle: RePEc:has:discpr:2012
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    More about this item

    Keywords

    democracy; patience; political regime; time preferences;
    All these keywords.

    JEL classification:

    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis

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