IDEAS home Printed from https://ideas.repec.org/h/elg/eechap/21846_28.html
   My bibliography  Save this book chapter

Political institutions and economic development

In: Handbook of Comparative Political Institutions

Author

Listed:
  • Jacob G. Hariri
  • Mogens K. Justesen

Abstract

This chapter reviews the literature on how political institutions shape economic outcomes and development - one of the issues that has attracted most attention in comparative politics. We first explore the deep determinants debate around the turn of the Millennium, which concluded that not only do institutions matter, they matter more than biogeography and trade. We also review two generations of scholarship on how democracy shapes economic development. The first generation found no difference in economic performance between democracies and autocracies. The second one did, utilizing mainly within-country variations. We finally review an adjacent literature on how informal institutions, including clientelism, can sometimes modify or obscure the effects of formal political institutions and regimes. In conclusion, we propose directions for future research, including a framework to integrate the findings from a nascent micro-literature on the effects of political institutions into the existing, voluminous macro-literature.

Suggested Citation

  • Jacob G. Hariri & Mogens K. Justesen, 2024. "Political institutions and economic development," Chapters, in: Adrian Vatter & Rahel Freiburghaus (ed.), Handbook of Comparative Political Institutions, chapter 28, pages 451-466, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:21846_28
    as

    Download full text from publisher

    File URL: https://www.elgaronline.com/doi/10.4337/9781803929095.00037
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Politics and Public Policy;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:elg:eechap:21846_28. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Darrel McCalla (email available below). General contact details of provider: http://www.e-elgar.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.