Growth accelerations and regime changes: A correction

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9 Citations (Scopus)

Abstract

Hausmann, Pritchett, and Rodrik ( 2005) found that a political regime change increases the probability of an economic growth acceleration. When we tried to replicate their results we discovered that these authors were led astray by a data-description error in the Polity IV manual. When we correct for the error and stick to the Polity IV definition of regime change, we find that regime changes do not affect the likelihood that a growth acceleration occurs. We also find some evidence that economic liberalization increases the probability of a growth acceleration (sustained or otherwise).

Original languageEnglish
Pages (from-to)51 - 58
Number of pages9
JournalEcon Journal Watch
Volume5
Issue number1
Publication statusPublished - Jan-2008

Keywords

  • economic growth
  • growth accelerations
  • regime changes
  • ECONOMIC-GROWTH

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