Do Elections Matter for Economic Performance
In mature democracies, elections discipline leaders to deliver good economic performance. Since the fall of the Soviet Union most developing countries also hold elections, but these are often marred by illicit tactics. Using a new global data set, this paper investigates whether these illicit tactics are merely blemishes or substantially undermine the economic efficacy of elections. We show that illicit tactics are widespread, and that they reduce the incentive for governments to deliver good economic performance. Revisiting the celebrated result that 'leaders matter', we show that it is dependent upon the absence of clean elections: changes of leader matter a lot in systems without clean elections, whereas in those with clean elections they are not significant.
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- Andrew Leigh, 2009.
"Does the World Economy Swing National Elections?,"
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- Timothy Besley & Torsten Persson, 2007. "The Origins of State Capacity: Property Rights, Taxation, and Politics," NBER Working Papers 13028, National Bureau of Economic Research, Inc.
- Timothy Besley & Torsten Persson, 2009. "The origins of state capacity: property rights, taxation and politics," LSE Research Online Documents on Economics 33768, London School of Economics and Political Science, LSE Library.
- Benjamin F. Jones & Benjamin A. Olken, 2005. "Do Leaders Matter? National Leadership and Growth Since World War II," The Quarterly Journal of Economics, Oxford University Press, vol. 120(3), pages 835-864.
- repec:dau:papers:123456789/4315 is not listed on IDEAS
- Sidman, Andrew H. & Mak, Maxwell & Lebo, Matthew J., 2008. "Forecasting non-incumbent presidential elections: Lessons learned from the 2000 election," International Journal of Forecasting, Elsevier, vol. 24(2), pages 237-258.
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