The growth effect of democracy: is it heterogenous and how can it be estimated?
We estimate the effect of political regime transitions on growth with semi-parametric methods, combining difference in differences with matching, that have not been used in macroeconomic settings. Our semi-parametric estimates suggest that previous parametric estimates may have seriously underestima...
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, Mass.
National Bureau of Economic Research
2007
|
| Schriftenreihe: | Working paper series / National Bureau of Economic Research
13150 |
| Online-Zugang: | Volltext |
| Zusammenfassung: | We estimate the effect of political regime transitions on growth with semi-parametric methods, combining difference in differences with matching, that have not been used in macroeconomic settings. Our semi-parametric estimates suggest that previous parametric estimates may have seriously underestimated the growth effects of democracy. In particular, we find an average negative effect on growth of leaving democracy on the order of -2 percentage points implying effects on income per capita as large as 45 percent over the 1960-2000 panel. Heterogenous characteristics of reforming and non-reforming countries appear to play an important role in driving these results. |
| Beschreibung: | Literaturverz. S. 29 - 30 |
| Beschreibung: | 30, [15] S. graph. Darst. 22 cm |
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| 245 | 1 | 0 | |a The growth effect of democracy |b is it heterogenous and how can it be estimated? |c Torsten Persson ; Guido Tabellini |
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| 490 | 1 | |a Working paper series / National Bureau of Economic Research |v 13150 | |
| 500 | |a Literaturverz. S. 29 - 30 | ||
| 520 | 8 | |a We estimate the effect of political regime transitions on growth with semi-parametric methods, combining difference in differences with matching, that have not been used in macroeconomic settings. Our semi-parametric estimates suggest that previous parametric estimates may have seriously underestimated the growth effects of democracy. In particular, we find an average negative effect on growth of leaving democracy on the order of -2 percentage points implying effects on income per capita as large as 45 percent over the 1960-2000 panel. Heterogenous characteristics of reforming and non-reforming countries appear to play an important role in driving these results. | |
| 700 | 1 | |a Tabellini, Guido Enrico |d 1956- |e Verfasser |0 (DE-588)123390141 |4 aut | |
| 776 | 0 | 8 | |i Erscheint auch als |n Online-Ausgabe |
| 810 | 2 | |a National Bureau of Economic Research <Cambridge, Mass.> |t NBER working paper series |v 13150 |w (DE-604)BV002801238 |9 13150 | |
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| index_date | 2024-07-02T22:41:31Z |
| indexdate | 2024-07-09T21:25:14Z |
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| spelling | Persson, Torsten 1954- Verfasser (DE-588)128862904 aut The growth effect of democracy is it heterogenous and how can it be estimated? Torsten Persson ; Guido Tabellini Cambridge, Mass. National Bureau of Economic Research 2007 30, [15] S. graph. Darst. 22 cm txt rdacontent n rdamedia nc rdacarrier Working paper series / National Bureau of Economic Research 13150 Literaturverz. S. 29 - 30 We estimate the effect of political regime transitions on growth with semi-parametric methods, combining difference in differences with matching, that have not been used in macroeconomic settings. Our semi-parametric estimates suggest that previous parametric estimates may have seriously underestimated the growth effects of democracy. In particular, we find an average negative effect on growth of leaving democracy on the order of -2 percentage points implying effects on income per capita as large as 45 percent over the 1960-2000 panel. Heterogenous characteristics of reforming and non-reforming countries appear to play an important role in driving these results. Tabellini, Guido Enrico 1956- Verfasser (DE-588)123390141 aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.> NBER working paper series 13150 (DE-604)BV002801238 13150 http://papers.nber.org/papers/w13150.pdf kostenfrei Volltext |
| spellingShingle | Persson, Torsten 1954- Tabellini, Guido Enrico 1956- The growth effect of democracy is it heterogenous and how can it be estimated? |
| title | The growth effect of democracy is it heterogenous and how can it be estimated? |
| title_auth | The growth effect of democracy is it heterogenous and how can it be estimated? |
| title_exact_search | The growth effect of democracy is it heterogenous and how can it be estimated? |
| title_exact_search_txtP | The growth effect of democracy is it heterogenous and how can it be estimated? |
| title_full | The growth effect of democracy is it heterogenous and how can it be estimated? Torsten Persson ; Guido Tabellini |
| title_fullStr | The growth effect of democracy is it heterogenous and how can it be estimated? Torsten Persson ; Guido Tabellini |
| title_full_unstemmed | The growth effect of democracy is it heterogenous and how can it be estimated? Torsten Persson ; Guido Tabellini |
| title_short | The growth effect of democracy |
| title_sort | the growth effect of democracy is it heterogenous and how can it be estimated |
| title_sub | is it heterogenous and how can it be estimated? |
| url | http://papers.nber.org/papers/w13150.pdf |
| volume_link | (DE-604)BV002801238 |
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