Democracy and the quality of economic institutions theory and evidence Tommy Krieger
By: Krieger, Tommy
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Material type: 
ArticleSubject(s): DEMOCRACIA | DESARROLLO ECONOMICO | POLITICA ECONOMICA | INSTITUCIONES | CAPITAL HUMANO | MODELOS ECONOMETRICOS
In:
Public Choice v. 192, n. 3-4, September 2022, p. 357-376Summary: 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 efect 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 diferent measures of economic institutional quality, we show results from fxed efect and instrumental variable
regressions that are in line with the predictions of our model.
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| OP 1443/2022/191/1/2-2 A Tullock Index for assessing the effectiveness of redistribution | OP 1443/2022/192/1/2 Public Choice | OP 1443/2022/192/1/2-1 Estimating the effect of rent-seeking on income distribution | OP 1443/2022/192/3/4-1 Democracy and the quality of economic institutions | OP 1443/2022/193/1/2-1 George stigler's theory of economic regulation at 50 | OP 1443/2022/193/1/2-2 International regulatory diversity over 50 years | OP 1443/2022/193/3/4 Public Choice |
Resumen.
Bibliografía.
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 efect 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 diferent measures of economic institutional quality, we show results from fxed efect and instrumental variable
regressions that are in line with the predictions of our model.
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