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Growth Accelerations and Regime Changes: A Correction

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  • Jong-A-Pin, Richard
  • De Haan, Jakob

    (Groningen University)

Abstract

We argue that the finding of Hausmann et al. (2005) that a political regime change increases the probability of an economic growth acceleration is wrong and the result of an error in their database. When we correct for this error and stick to the definition of regime change of Hausmann et al., we find that regime changes do not affect the likelihood that a growth acceleration occurs. We also find some evidence that economic liberalization increases the probability of a growth acceleration, independent of whether this acceleration is sustained.

Suggested Citation

  • Jong-A-Pin, Richard & De Haan, Jakob, 2007. "Growth Accelerations and Regime Changes: A Correction," Research Report 07007, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    • Handle: RePEc:gro:rugsom:07007
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    Citations

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    Cited by:

    1. Maren Duvendack & Richard W. Palmer-Jones & W. Robert Reed, 2015. "Replications in Economics: A Progress Report," Econ Journal Watch, Econ Journal Watch, vol. 12(2), pages 164–191-1, May.
    2. Bertrand Gruss & Malhar Nabar & Marcos Poplawski-Ribeiro, 2020. "Growth Accelerations and Reversals in Emerging Market and Developing Economies: External Conditions and Domestic Amplifiers," Open Economies Review, Springer, vol. 31(4), pages 753-786, September.
    3. Guo Xu, 2011. "Growth Accelerations Revisited," Econ Journal Watch, Econ Journal Watch, vol. 8(1), pages 39-56, January.
    4. Jakob de Haan & Kersten Stamm & Shu Yu, 2024. "Drivers of Investment Accelerations," CESifo Working Paper Series 11100, CESifo.
    5. Hugo J. Faria & Hugo M. Montesinos-Yufa & Daniel R. Morales, 2014. "Should the Modernization Hypothesis Survive Acemoglu, Johnson, Robinson, and Yared? Some More Evidence," Econ Journal Watch, Econ Journal Watch, vol. 11(1), pages 17-36, January.
    6. Pál Czeglédi, 2014. "The theory of interventionism as an Austrian theory of slowdowns," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 27(4), pages 419-449, December.
    7. Koopman, Eline & Wacker, Konstantin M., 2023. "Drivers of growth accelerations: What role for capital accumulation?," World Development, Elsevier, vol. 169(C).
    8. Bluhm, Richard & Crombrugghe, Denis de & Szirmai, Adam, 2012. "Explaining the dynamics of stagnation: An empirical examination of the North, Wallis and Weingast approach," MERIT Working Papers 2012-040, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    9. Federico, Antonio Pietro & Parello, Carmelo Pierpaolo, 2024. "Growth accelerations and takeoffs: Is there a role for capital accumulation?," Economics Letters, Elsevier, vol. 236(C).
    10. Jakob Kapeller, 2010. "Citation Metrics: Serious Drawbacks, Perverse Incentives, and Strategic Options for Heterodox Economics," American Journal of Economics and Sociology, Wiley Blackwell, vol. 69(5), pages 1376-1408, November.
    11. Richard Jong-A-Pin & Jakob Haan, 2011. "Political regime change, economic liberalization and growth accelerations," Public Choice, Springer, vol. 146(1), pages 93-115, January.

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    More about this item

    JEL classification:

    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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