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Year: 2005 Publisher: Cambridge, Mass. National Bureau of Economic Research
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Year: 2005 Publisher: Cambridge, Mass. NBER
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Year: 2005 Publisher: London Centre For Economic Policy Research, International Macroeconomics, Institutions And Economic Performance And Public Policy. Discussion Paper Nr. 4938. February 2005
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Year: 2005 Publisher: Cambridge, Mass. NBER
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Year: 2005 Publisher: Cambridge, Mass. National Bureau of Economic Research
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The paper combines insights from the recent research programs on constitutions and economic policy, and on history, institutions and growth. Drawing on cross-sectional as well as panel data, it presents new empirical results showing that the form of democracy (rather than democracy vs. non-democracy) has important consequences for the adoption of structural polices that promote long-run economic performance. Reforms into parliamentary (as opposed to presidential), proportional (as opposed to majoritarian) and permanent (as opposed to temporary) democracy appear to produce the most growth-promoting policies.
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Year: 2005 Publisher: London Centre For Economic Policy Research, Institutions And Economic Performance, International Macroeconomics And Public Policy. Discussion Paper Nr.5138. July 2005
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Year: 2005 Publisher: Cambridge National Bureau Of Economic Research. Working Paper Nr.11484. June 2005
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Year: 2005 Publisher: Cambridge, Mass. NBER
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Year: 2005 Publisher: London Centre For Economic Policy Research, International Macroeconomics And Public Policy. Discussion Paper Nr. 4941. March 2005
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Year: 2005 Publisher: Cambridge, Mass. National Bureau of Economic Research
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One of the most cherished propositions in economics is that market competition by and large raises consumer welfare. But whether political competition has similarly virtuous consequences is far less discussed. This paper formulates a model to explain why political competition may enhance economic performance and uses the United States as a testing ground for the model's implications. It finds statistically robust evidence that political competition has quantitatively important effects on state income growth, state policies, and the quality of Governors.
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