Download full text
(758.8Kb)
Citation Suggestion
Please use the following Persistent Identifier (PID) to cite this document:
https://nbn-resolving.org/urn:nbn:de:0168-ssoar-94831-6
Exports for your reference manager
Democracy Doesn't Always Happen Over Night: Regime Change in Stages and Economic Growth
[journal article]
Abstract How substantial are the economic benefits from democratic regime change? We argue that democratisation is often not a discrete event but a two-stage process: autocracies enter into 'episodes' of political liberalisation which eventually culminate in regime change or not. To account for this chronolo... view more
How substantial are the economic benefits from democratic regime change? We argue that democratisation is often not a discrete event but a two-stage process: autocracies enter into 'episodes' of political liberalisation which eventually culminate in regime change or not. To account for this chronology and the implicit counterfactual groups, we introduce a repeated-treatment difference-in-difference implementation capturing non-parallel trends and selection into treatment. We find that modelling regime change in two stages rather than a single event yields stronger long-run growth effects. Among democratizers, experiencing repeated episodes without regime change reduces growth in democracy whereas length of episode does not.... view less
Keywords
democracy; political development; liberalization; democratization; economic growth
Classification
National Economy
Free Keywords
Difference-in-Difference; Growth; Interactive Fixed Effects
Document language
English
Publication Year
2024
Page/Pages
p. 1-29
Journal
Review of Economics and Statistics (2024)
DOI
https://doi.org/10.1162/rest_a_01461
ISSN
1530-9142
Status
Postprint; peer reviewed
Licence
Deposit Licence - No Redistribution, No Modifications