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Political transition, economic growth and reoccurring crisis in countries with and without experience of military dictatorship
Umeå University, Faculty of Social Sciences, Umeå School of Business and Economics (USBE), Economics.
2014 (English)Report (Other academic)
Abstract [en]

This paper analyses the experience of 83 countries from the period of 1950 - 2004 and addresses the following question: when do democratic transitions produce (good) bad economic outcomes. Following the theoretical papers of Acemoglu et al . (2004, 2008(a)), an attempt is made to control for both de jure and de facto sides of political power. In addition, the countries with and without the experience of Military Dictatorship ( MD ) are analysed separately. The results imply that concentration of economic power per se produces bad economic outcomes. Besides, the data seem to contain an indication that democratisation induces additional socially wasteful investments into de facto political power. In addition, the analyses suggest that, when the army assumes political leadership, countries with low concentration of economic power demonstrate better economic performance. In terms of Acemoglu et al. (2007), this may support the idea that the institutional environment switches from a “weak” to a “strong” one. Finally, the potential trade - off between democratisation and political stability seems to be mainly relevant to the degree of severity of reoccurring economic crises in countries with MD experience.

Place, publisher, year, edition, pages
Umeå: Umeå universitet , 2014. , 60 p.
Series
Umeå economic studies, ISSN 0348-1018 ; 871
Keyword [en]
de facto and de jure political power, economic growth, structural breaks, Markov-switching chain, military dictatorship, political transition
National Category
Social Sciences
Research subject
Economics
Identifiers
URN: urn:nbn:se:umu:diva-92588OAI: oai:DiVA.org:umu-92588DiVA: diva2:741812
Available from: 2014-08-29 Created: 2014-08-29 Last updated: 2014-09-05Bibliographically approved
In thesis
1. Essays on growth and political transition
Open this publication in new window or tab >>Essays on growth and political transition
2014 (English)Doctoral thesis, comprehensive summary (Other academic)
Place, publisher, year, edition, pages
Umeå: Department of Economics, Umeå University, 2014. 30 p.
Series
Umeå economic studies, ISSN 0348-1018 ; 893
Keyword
de facto and de jure political power, economic growth, efficient frontier of economic growth, economic crisis, military dictatorship, political regimes, weak institutions
National Category
Social Sciences Economics
Research subject
Economics
Identifiers
urn:nbn:se:umu:diva-92600 (URN)978-91-7601-092-1 (ISBN)
Public defence
2014-09-30, S213h, Umeå, 13:15 (English)
Opponent
Supervisors
Available from: 2014-09-09 Created: 2014-08-29 Last updated: 2014-09-11Bibliographically approved

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Hakobyan, Lilit

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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf