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Democracy Doesn't Always Happen Over Night: Regime Change in Stages and Economic Growth
[Zeitschriftenartikel]
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... mehr
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.... weniger
Thesaurusschlagwörter
Demokratie; politische Entwicklung; Liberalisierung; Demokratisierung; Wirtschaftswachstum
Klassifikation
Volkswirtschaftstheorie
Freie Schlagwörter
Difference-in-Difference; Growth; Interactive Fixed Effects
Sprache Dokument
Englisch
Publikationsjahr
2024
Seitenangabe
S. 1-29
Zeitschriftentitel
Review of Economics and Statistics (2024)
DOI
https://doi.org/10.1162/rest_a_01461
ISSN
1530-9142
Status
Postprint; begutachtet (peer reviewed)
Lizenz
Deposit Licence - Keine Weiterverbreitung, keine Bearbeitung