Others argue that democracy delays and obstructs decisionmaking, thereby undermining economic growth and development. Also, some dictators hav e the option to surround themselves. In winters, a and yusuf, s eds, dancing with giants. Political regimes and economic growth article pdf available in journal of economic perspectives 73. The impact of growth performance and political regime. Political regimes and economic growth springerlink.
Political factors, or government policies and administrative practices, can have a great impact on economic development, which is the movement from farmingbased cultures to industrialized. The index of political freedom is from freedom house and is based on 7point scales for both civil liberty and political freedom, where 1,1 is most free and 7,7 least free. Ali 2004 political freedom and stability of economic policy, cato journal, 24, pp. Arguments that relate regimes to growth focus on property rights, pressures for immediate.
Pdf political regimes and economic growth researchgate. No political party can hope to win a democratic election on a platform of current sacrifices for a bright future. The paper investigates empirically the interaction between economic growth performance and political institutions in producing freemarket reform. Political factors affecting economic development video. This study builds in the neoclassical growth theory to identify the influence of political regimes on economic development through a panel data sample of 170 countries from 1960 to 2000. The conclusion is that social scientists know surprisingly little. Political institutions and wellbeing in the world, 19501990. Pdf are political regimes drivers of economic growth. Democracy and economic development adam przeworski. Political regimes and economic growth american economic. Political economy government spending comparative international. The time and country x ede ects model sho ws that controlling for global trends will decrease the e ect of democracy on income per capita. Keefer, p 2007 governance and economic growth in china and india.
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