Reconsidering the Fiscal Effects of Constitutions
This paper reconsiders Persson and Tabellini’s (2003,2004) analysis of the causal effect of constitution type on government size, it addresses the concerns of Acemoglu ( 2005) and makes some further refinements to argue that there is a qualitatively large, and statistically significant relationship between constitution type and government size. The age of a democracy is of increased importance in the new identification strategy, but existing measures are shown to be flawed. Two new measures of the age of a democracy are introduced. The first details when a country first had a genuinely democratic election, the second when its current constitution was promulgated.
|Date of creation:||May 2010|
|Date of revision:|
|Contact details of provider:|| Postal: Department of Economics University of Leicester, University Road. Leicester. LE1 7RH. UK|
Phone: +44 (0)116 252 2887
Fax: +44 (0)116 252 2908
Web page: http://www2.le.ac.uk/departments/economics
More information through EDIRC
|Order Information:|| Web: http://www2.le.ac.uk/departments/economics/research/discussion-papers Email: |
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Lorenz Blume & Jens Müller & Stefan Voigt & Carsten Wolf, 2007.
"The Economic Effects of Constitutions: Replicating – and Extending – Persson and Tabellini,"
CESifo Working Paper Series
2017, CESifo Group Munich.
- Lorenz Blume & Jens Müller & Stefan Voigt & Carsten Wolf, 2009. "The economic effects of constitutions: replicating—and extending—Persson and Tabellini," Public Choice, Springer, vol. 139(1), pages 197-225, April.
- Persson, Torsten & Roland, Gérard & Tabellini, Guido, 1997.
"Comparative Politics and Public Finance,"
CEPR Discussion Papers
1737, C.E.P.R. Discussion Papers.
- Persson, Torsten & Roland , Gérard & Tabellini, Guido, 1997. "Comparative Politics and Public Finance," Seminar Papers 633, Stockholm University, Institute for International Economic Studies.
- Persson, T. & Roland, G. & Tabellini, G., 1997. "Comparative Politics and Public Finance," Papers 633, Stockholm - International Economic Studies.
- Torsten Persson & Gerard Roland & Guido Tabellini, . "Comparative Politics and Public Finance," Working Papers 114, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
- James H. Stock & Motohiro Yogo, 2002. "Testing for Weak Instruments in Linear IV Regression," NBER Technical Working Papers 0284, National Bureau of Economic Research, Inc.
- Torsten Persson & Gérard Roland & Guido Tabellini, 1997.
"Separation of Powers and Political Accountability,"
The Quarterly Journal of Economics,
Oxford University Press, vol. 112(4), pages 1163-1202.
- Richard Paap & Frank Kleibergen, 2004.
"Generalized Reduced Rank Tests using the Singular Value Decomposition,"
Econometric Society 2004 Australasian Meetings
195, Econometric Society.
- Kleibergen, Frank & Paap, Richard, 2006. "Generalized reduced rank tests using the singular value decomposition," Journal of Econometrics, Elsevier, vol. 133(1), pages 97-126, July.
- Kleibergen, F.R. & Paap, R., 2003. "Generalized Reduced Rank Tests using the Singular Value Decomposition," Econometric Institute Research Papers EI 2003-01, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.
- Frank Kleibergen & Richard Paap, 2003. "Generalized Reduced Rank Tests using the Singular Value Decomposition," Tinbergen Institute Discussion Papers 03-003/4, Tinbergen Institute.
- Kunicov , Jana & Rose-Ackerman, Susan, 2005. "Electoral Rules and Constitutional Structures as Constraints on Corruption," British Journal of Political Science, Cambridge University Press, vol. 35(04), pages 573-606, October.
- Chiara Dalle Nogare & Roberto Ricciuti, 2008. "Term Limits: Do they really Affect Fiscal Policy Choices?," CESifo Working Paper Series 2199, CESifo Group Munich.
- Pagano, Marco & Volpin, Paolo, 2001.
"The Political Economy of Corporate Governance,"
CEPR Discussion Papers
2682, C.E.P.R. Discussion Papers.
- Hansen, Lars Peter & Heaton, John & Yaron, Amir, 1996. "Finite-Sample Properties of Some Alternative GMM Estimators," Journal of Business & Economic Statistics, American Statistical Association, vol. 14(3), pages 262-80, July.
- Leamer, Edward E. & Maul, Hugo & Rodriguez, Sergio & Schott, Peter K., 1999. "Does natural resource abundance increase Latin American income inequality?," Journal of Development Economics, Elsevier, vol. 59(1), pages 3-42, June.
- Olsson, Ola, 2004. "Unbundling Ex-Colonies: A Comment on Acemoglu, Johnson, and Robinson, 2001," Working Papers in Economics 146, University of Gothenburg, Department of Economics.
- Jinyong Hahn & Jerry Hausman, 2003. "Weak Instruments: Diagnosis and Cures in Empirical Econometrics," American Economic Review, American Economic Association, vol. 93(2), pages 118-125, May.
- James C. Rockey, 2007.
"Which Democracies Pay Higher Wages?,"
Bristol Economics Discussion Papers
07/600, Department of Economics, University of Bristol, UK.
- Marcelo J. Moreira, 2003. "A Conditional Likelihood Ratio Test for Structural Models," Econometrica, Econometric Society, vol. 71(4), pages 1027-1048, 07.
- Daron Acemoglu & Simon Johnson & James A. Robinson, 2000.
"The Colonial Origins of Comparative Development: An Empirical Investigation,"
NBER Working Papers
7771, National Bureau of Economic Research, Inc.
- Daron Acemoglu & Simon Johnson & James A. Robinson, 2001. "The Colonial Origins of Comparative Development: An Empirical Investigation," American Economic Review, American Economic Association, vol. 91(5), pages 1369-1401, December.
- Stock, James H & Wright, Jonathan H & Yogo, Motohiro, 2002. "A Survey of Weak Instruments and Weak Identification in Generalized Method of Moments," Journal of Business & Economic Statistics, American Statistical Association, vol. 20(4), pages 518-29, October.
- Torsten Persson & Guido Tabellini, 2004. "Constitutional Rules and Fiscal Policy Outcomes," American Economic Review, American Economic Association, vol. 94(1), pages 25-45, March.
- Honore, Bo E & Hu, Luojia, 2004. "On the Performance of Some Robust Instrumental Variables Estimators," Journal of Business & Economic Statistics, American Statistical Association, vol. 22(1), pages 30-39, January.
- Blomquist, Soren & Dahlberg, Matz, 1999. "Small Sample Properties of LIML and Jackknife IV Estimators: Experiments with Weak Instruments," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 14(1), pages 69-88, Jan.-Feb..
- Christopher F Baum & Mark E Schaffer & Steven Stillman, 2002. "IVREG2: Stata module for extended instrumental variables/2SLS and GMM estimation," Statistical Software Components S425401, Boston College Department of Economics, revised 09 Feb 2016.
- Jørgen Juel Andersen & Silje Aslaksen, 2006.
"Constitutions and the resource curse,"
Working Paper Series
7506, Department of Economics, Norwegian University of Science and Technology.
- Anna Mikusheva & Brian P. Poi, 2006. "Tests and confidence sets with correct size when instruments are potentially weak," Stata Journal, StataCorp LP, vol. 6(3), pages 335-347, September.
- Robert E. Hall & Charles I. Jones, 1999. "Why do Some Countries Produce So Much More Output Per Worker than Others?," The Quarterly Journal of Economics, Oxford University Press, vol. 114(1), pages 83-116.
- Andersen, Jørgen Juel, 2011. "The form of government and fiscal dynamics," European Journal of Political Economy, Elsevier, vol. 27(2), pages 297-310, June.
- Fuller, Wayne A, 1977. "Some Properties of a Modification of the Limited Information Estimator," Econometrica, Econometric Society, vol. 45(4), pages 939-53, May.
- António Afonso & Davide Furceri, 2008.
"Government Size, Composition, Volatility and Economic Growth,"
Working Papers Department of Economics
2008/04, ISEG - School of Economics and Management, Department of Economics, University of Lisbon.
- Afonso, António & Furceri, Davide, 2010. "Government size, composition, volatility and economic growth," European Journal of Political Economy, Elsevier, vol. 26(4), pages 517-532, December.
- Afonso, António & Furceri, Davide, 2008. "Government size, composition, volatility and economic growth," Working Paper Series 0849, European Central Bank.
- Patrik Guggenberger, 2008. "Finite Sample Evidence Suggesting a Heavy Tail Problem of the Generalized Empirical Likelihood Estimator," Econometric Reviews, Taylor & Francis Journals, vol. 27(4-6), pages 526-541.
When requesting a correction, please mention this item's handle: RePEc:lec:leecon:10/16. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Mrs. Alexandra Mazzuoccolo)
If references are entirely missing, you can add them using this form.