Role of Political Institutions on Economic Growth: Empirical Evidence
Created in 2009-2010, This paper explores the effect of political institutions on economic development via its causation of economic reforms. We focus on the causality between political institutions – democracy, specifically – and economic reforms. After all, one way of improving society's well...
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| Format: | Dataset |
| Language: | English |
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University of Oxford
2022
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| _version_ | 1797107817764618240 |
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| author | Alali, W Y |
| author_facet | Alali, W Y |
| author_sort | Alali, W Y |
| collection | OXFORD |
| description | Created in 2009-2010, This paper explores the effect of political institutions on economic development via its causation of economic reforms. We focus on the causality between political institutions – democracy, specifically – and economic reforms. After all, one way of improving society's well-being is through promoting economic growth, thereby narrowing the cross-country income differences. We investigate whether economic reforms are more likely to take place in democracies since greater accountability may lead the government to adopt measures that gain majority support. Economic reforms are referred to as comprehensive measures that broaden the market's scope including the international. Using the same methodology as in the previous paper1, dynamic panel GMM estimator, we study whether democracy causes economic reforms in different sectors, namely fiscal measures, trade liberalisation, credit market liberalisation, capital account openness and labour market deregulation. Reciprocally, we will also test if economic reforms cause the democratisation process, and how political institutions and economic reforms interact. |
| first_indexed | 2024-03-07T07:21:03Z |
| format | Dataset |
| id | oxford-uuid:365d7742-bd59-4e46-999f-ac8b9c2abfc5 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T07:21:03Z |
| publishDate | 2022 |
| publisher | University of Oxford |
| record_format | dspace |
| spelling | oxford-uuid:365d7742-bd59-4e46-999f-ac8b9c2abfc52022-10-06T14:21:50ZRole of Political Institutions on Economic Growth: Empirical EvidenceDatasethttp://purl.org/coar/resource_type/c_ddb1uuid:365d7742-bd59-4e46-999f-ac8b9c2abfc5Development economicsEnglishHyrax DepositUniversity of Oxford2022Alali, W YCreated in 2009-2010, This paper explores the effect of political institutions on economic development via its causation of economic reforms. We focus on the causality between political institutions – democracy, specifically – and economic reforms. After all, one way of improving society's well-being is through promoting economic growth, thereby narrowing the cross-country income differences. We investigate whether economic reforms are more likely to take place in democracies since greater accountability may lead the government to adopt measures that gain majority support. Economic reforms are referred to as comprehensive measures that broaden the market's scope including the international. Using the same methodology as in the previous paper1, dynamic panel GMM estimator, we study whether democracy causes economic reforms in different sectors, namely fiscal measures, trade liberalisation, credit market liberalisation, capital account openness and labour market deregulation. Reciprocally, we will also test if economic reforms cause the democratisation process, and how political institutions and economic reforms interact. |
| spellingShingle | Development economics Alali, W Y Role of Political Institutions on Economic Growth: Empirical Evidence |
| title | Role of Political Institutions on Economic Growth: Empirical Evidence |
| title_full | Role of Political Institutions on Economic Growth: Empirical Evidence |
| title_fullStr | Role of Political Institutions on Economic Growth: Empirical Evidence |
| title_full_unstemmed | Role of Political Institutions on Economic Growth: Empirical Evidence |
| title_short | Role of Political Institutions on Economic Growth: Empirical Evidence |
| title_sort | role of political institutions on economic growth empirical evidence |
| topic | Development economics |
| work_keys_str_mv | AT alaliwy roleofpoliticalinstitutionsoneconomicgrowthempiricalevidence |