Democracy and the quality of economic institutions: theory and evidence

被引：3
|
作者：
Krieger, Tommy [1 ]
机构：
[1] ZEW Leibniz Ctr European Econ Res, Dept Corp Taxat & Publ Finance, L7 1, D-68161 Mannheim, Germany
来源：
PUBLIC CHOICE | 2022年 / 192卷 / 3-4期
关键词：
Democracy; Development; Economic institutions; Human capital; Political economy; Political transitions; PROPERTY-RIGHTS; GROWTH; INEQUALITY; WORLD; DICTATORSHIP; PERSISTENCE; GEOGRAPHY; EDUCATION; ORIGINS; EUROPE;
D O I：
10.1007/s11127-022-00990-6
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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.
引用
收藏
页码：357 / 376
页数：20
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