Artikel
Democracy Doesn’t Always Happen Over Night: Regime Change in Stages and Economic Growth
How substantial are the economic benefits from democratic regime change? We argue that democratisation is often not a discrete event but a two-stage process: autocracies enter into ‘episodes’ of political liberalisation which eventually culminate in regime change or not. To account for this chronology and the implicit counterfactual groups, we introduce a repeated-treatment difference-in-difference implementation capturing non-parallel trends and selection into treatment. We find that modelling regime change in two stages rather than a single event yields stronger long-run growth effects. Among democratizers, experiencing repeated episodes without regime change reduces growth in democracy whereas length of episode does not.
- Language
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Englisch
- Bibliographic citation
-
Journal: The Review of Economics and Statistics ; ISSN: 1530-9142 ; Year: 2024 ; Issue: Forthcoming ; Pages: 1-29 ; Cambridge, Mass.: MIT Press
- Classification
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Wirtschaft
- Subject
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Democracy
Growth
Political Develpoment
Difference-in-Difference
Interactive Fixed Effects
- Event
-
Geistige Schöpfung
- (who)
-
Boese-Schlosser, Vanessa
Eberhardt, Markus
- Event
-
Veröffentlichung
- (who)
-
MIT Press
ZBW – Leibniz Information Centre for Economics
- (where)
-
Cambridge, Mass.
- (when)
-
2024
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Boese-Schlosser, Vanessa
- Eberhardt, Markus
- MIT Press
- ZBW – Leibniz Information Centre for Economics
Time of origin
- 2024
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