Publikation:

Democracy and the quality of economic institutions : theory and evidence

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2022

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Open Access-Veröffentlichung
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Public Choice. Springer. 2022, 192(3-4), pp. 357-376. ISSN 0048-5829. eISSN 1573-7101. Available under: doi: 10.1007/s11127-022-00990-6

Zusammenfassung

We present a simple model, illustrating how democracy may improve the quality of the economic institutions. The model further suggests that institutional quality varies more across autocracies than across democracy and that the positive effect of democracies on economic institutional quality increases in people’s human capital. Using a panel data set that covers 150 countries and the period from 1920 to 2019, and different measures of economic institutional quality, we show results from fixed effect and instrumental variable regressions that are in line with the predictions of our model.

Zusammenfassung in einer weiteren Sprache

Fachgebiet (DDC)
330 Wirtschaft

Schlagwörter

Democracy, Development, Economic institutions, Human capital, Political economy, Political transitions

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ISO 690KRIEGER, Tommy, 2022. Democracy and the quality of economic institutions : theory and evidence. In: Public Choice. Springer. 2022, 192(3-4), pp. 357-376. ISSN 0048-5829. eISSN 1573-7101. Available under: doi: 10.1007/s11127-022-00990-6
BibTex
@article{Krieger2022-08-22Democ-69381,
  year={2022},
  doi={10.1007/s11127-022-00990-6},
  title={Democracy and the quality of economic institutions : theory and evidence},
  number={3-4},
  volume={192},
  issn={0048-5829},
  journal={Public Choice},
  pages={357--376},
  author={Krieger, Tommy}
}
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