The DOI matches its Crossref record; 94 of the 94 references it cites were found in a registry or an index.
Democratisation and Growth
Abstract
This article challenges cross‐sectional findings that democracy has a negligible effect on growth. We employ a new dataset of political transitions during the Third Wave of Democratisation and examine the within effect of democratisation in countries that abandoned autocracy and consolidated representative institutions. The panel estimates imply that on average democratisations are associated with a 1% increase in annual per capita growth. The dynamic analysis reveals that: while during the transition growth is slow, in the medium and long run it stabilises at a higher level. This evidence favours development theories of democratic rule and Friedrich Hayek (1960)’s idea that the merits of democracy appear in the long run.
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Cites
Institutions, Institutional Change and Economic Performance
North, D. C. (1990) · doi:10.1017/cbo9780511808678 · Cited by 32,691
Institutions, Institutional Change and Economic Performance
Munger, M. C., & North, D. C. (1991) · Southern Economic Journal · doi:10.2307/1060065 · Cited by 24,871
Another look at the instrumental variable estimation of error-components models
Arellano, M., & Bover, O. (1995) · Journal of Econometrics · doi:10.1016/0304-4076(94)01642-d · Cited by 19,880
Sen, A. (2009) · Rugman Reviews · doi:10.1007/978-1-137-28787-8_94 · Cited by 15,837
Testing for unit roots in heterogeneous panels
Im, K. S., Pesaran, M. H., & Shin, Y. (2003) · Journal of Econometrics · doi:10.1016/s0304-4076(03)00092-7 · Cited by 15,435
Capitalism, Socialism and Democracy
Fukuyama, F., & Schumpeter, J. A. (1997) · Foreign Affairs · doi:10.2307/20048211 · Cited by 15,264
A Contribution to the Empirics of Economic Growth
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How Much Should We Trust Differences-in-Differences Estimates?
Bertrand, M., Duflo, E., & Mullainathan, S. (2004) · The Quarterly Journal of Economics · doi:10.1162/003355304772839588 · Cited by 10,641
Economic Growth in a Cross Section of Countries
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Cited by
The European Trust Crisis and the Rise of Populism
Algan, Y., Guriev, S., Papaioannou, E., & Passari, E. (2017) · Brookings Papers on Economic Activity · doi:10.1353/eca.2017.0015 · Cited by 693
Self-citationBlunt Instruments: Avoiding Common Pitfalls in Identifying the Causes of Economic Growth
Bazzi, S., & Clemens, M. A. (2013) · American Economic Journal: Macroeconomics · doi:10.1257/mac.5.2.152 · Cited by 640
Inequality and Regime Change: Democratic Transitions and the Stability of Democratic Rule
HAGGARD, S., & KAUFMAN, R. R. (2012) · American Political Science Review · doi:10.1017/s0003055412000287 · Cited by 300
How much should we trust the dictator’s GDP growth estimates?
Martínez, L. R. (2022) · Journal of Political Economy · doi:10.1086/720458 · Cited by 228
Protests as Strategic Games: Experimental Evidence from Hong Kong's Antiauthoritarian Movement*
Cantoni, D., Yang, D. Y., Yuchtman, N., & Zhang, Y. J. (2019) · The Quarterly Journal of Economics · doi:10.1093/qje/qjz002 · Cited by 209
Metadata
- Authors
- Papaioannou, E., & Siourounis, G.
- Venue
- The Economic Journal
- Publisher
- Oxford University Press (OUP)
- Published
- 2008-09-20
- Volume
- 118
- Issue
- 532
- Pages
- 1520-1551
- ISSN
- 0013-0133 (ISSN-L)
- 1468-0297
- OpenAlex
- W2151587661
- Cited by
- 470
- References
- 94
- FWCI
- 41.82
- Type
- journal article
- Language
- en
- Open access
- closed
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Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
