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Political Regimes and Economic Growth

In: Democracy and Development

Author

Listed:
  • Adam Przeworski

    (University of Chicago)

  • Fernando Limongi

    (University of Sao Paulo)

  • Salvador Giner

    (IESA)

Abstract

Arguments that relate regimes to growth focus on property rights, pressures for immediate consumption, and the autonomy of dictators. While everyone seems to agree that secure property rights foster growth, it is controversial whether democracies or dictatorships better secure these rights. The main mechanism by which democracy is thought to hinder growth is pressure for immediate consumption, which reduces investment. Only states that are institutionally insulated from such pressures can resist them, and democratic states are not. The main argument against dictatorships is that authoritarian rulers have no interest in maximizing total output. These views are summarized in turn.

Suggested Citation

  • Adam Przeworski & Fernando Limongi & Salvador Giner, 1995. "Political Regimes and Economic Growth," International Economic Association Series, in: Amiya Kumar Bagchi (ed.), Democracy and Development, chapter 1, pages 3-27, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-24076-0_1
    DOI: 10.1007/978-1-349-24076-0_1
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    Citations

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    Cited by:

    1. Ziho Park, 2024. "Democratic Favor Channel," Papers 2408.05059, arXiv.org.
    2. Sima, Di & Huang, Fali, 2023. "Is democracy good for growth? — Development at political transition time matters," European Journal of Political Economy, Elsevier, vol. 78(C).
    3. Bazoumana Ouattara & Samuel Standaert, 2017. "Inequality And Property Rights, Revisited," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 17/935, Ghent University, Faculty of Economics and Business Administration.
    4. Dörffel, Christoph & Freytag, Andreas, 2023. "The poverty effect of democratization," World Development, Elsevier, vol. 165(C).
    5. Jacob Ferguson, 2017. "The Calculus of Democratization and Development," Papers 1712.04117, arXiv.org.
    6. Bagchi, Kaushambi & Kapilavai, Sashank, 2018. "Political Economy of Data Nationalism," 22nd ITS Biennial Conference, Seoul 2018. Beyond the boundaries: Challenges for business, policy and society 190347, International Telecommunications Society (ITS).
    7. Todor S. Lohwasser & Felix Hoch & Franz W. Kellermanns, 2022. "Strength in Stability: A Meta-Analysis of Family Firm Performance Moderated by Institutional Stability and Regime Type," Entrepreneurship Theory and Practice, , vol. 46(1), pages 117-158, January.
    8. Dailami, Monsoor, 2000. "Financial openness, democracy, and redistributive policy," Policy Research Working Paper Series 2372, The World Bank.
    9. Dilip M. Nachane, 2017. "Votes, Parties and Seats : A Quantitative Analysis of Indian Parliamentary Elections, 1962–2014 by Vani Kant Borooah," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 15(2), pages 423-426, June.
    10. Wandeda, Dickson O. & Masai, Wafula & Myandemo, Samuel M., 2021. "Institutional quality and economic growth: evidence from Sub-Saharan Africa countries," African Journal of Economic Review, African Journal of Economic Review, vol. 9(4), September.
    11. Lohwasser, Todor Stefan & Hoch, Felix, 2019. "The influence of political characteristics on the relationship between family control and firm performance: A meta-analytical approach," Discussion Papers of the Institute for Organisational Economics 5/2019, University of Münster, Institute for Organisational Economics.
    12. Christoph Doerffel, 2021. "The Poverty Effect of Democratization: Disaggregating Democratic Institutions," Jena Economics Research Papers 2021-018, Friedrich-Schiller-University Jena.

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