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Entrenched Autocracy or New Democracy: Which Is Better for Business?

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  • Kanybek Nur-tegin

Abstract

type="main"> The recent downfall of autocracies worldwide, most notably in the Middle East, raises the question: Do the new, more democratic regimes hold a promise of creating a better economic and business environment? To answer this question, I analyze a new large-scale firm-level dataset for the post-regime-change time horizon of up to 20 years. The main finding is that during the post-revolution time period the business environment is likely to worsen under the new politically unstable regimes that replace stable autocracies.

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  • Kanybek Nur-tegin, 2014. "Entrenched Autocracy or New Democracy: Which Is Better for Business?," Kyklos, Wiley Blackwell, vol. 67(3), pages 398-419, August.
    • Handle: RePEc:bla:kyklos:v:67:y:2014:i:3:p:398-419
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    File URL: http://hdl.handle.net/10.1111/kykl.12052
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    Cited by:

    1. Carl Henrik Knutsen, 2015. "Why Democracies Outgrow Autocracies in the Long Run: Civil Liberties, Information Flows and Technological Change," Kyklos, Wiley Blackwell, vol. 68(3), pages 357-384, August.
    2. Christian Bjørnskov, 2018. "Do Liberalising Reforms Harm the Environment? Evidence from the Post†Communist Transition," Economic Affairs, Wiley Blackwell, vol. 38(1), pages 22-37, February.
    3. Rui Tang & Shiping Tang, 2018. "Democracy's Unique Advantage in Promoting Economic Growth: Quantitative Evidence for a New Institutional Theory," Kyklos, Wiley Blackwell, vol. 71(4), pages 642-666, November.

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