Despite the intuitive appeal of the idea that good economic outcomes such as sustained rapid growth should help incumbents win elections, evidence on it has been scant, especially from developing countries.
What voters reward: Evidence from the 2009 Indian parliamentary elections
Poonam Gupta, Arvind Panagariya, 17 March 2014
Can democracy help with inequality?
Daron Acemoglu, Suresh Naidu, Pascual Restrepo, James A Robinson, 7 February 2014
There is a great deal of concern at the moment about the consequences of rising levels of inequality in North America and Western Europe. Will this lead to an oligarchisation of the political system, and imperil political and social stability? Many find such dynamics puzzling given that it is happening in democratic countries.
The value of democracy in the world’s poorest region: Evidence from Kenya’s road building
Ameet Morjaria, 5 February 2014
An enormous literature points to a diverse set of factors behind Africa’s growth tragedy, ranging from bad policies, poor education, and poor infrastructure, to aging leaders, the historic slave trade, and political instability.
Mark Harrison, 15 January 2014
From public finance to climate change, democracy looks to be in trouble. In many Western countries, political decisions are gridlocked while economic, social, and environmental imbalances accumulate. Our leaders juggle public opinion, private lobbies, and expert advice while trying to live within past promises and present legal obligations.
Catenarian fiscal discipline
Hans Gersbach, 4 January 2014
Limiting the accumulation of public debt in democracies has always been a problem, but it has become a particularly pressing one in the last few decades.
The new sustainability factor of the public pension system in Spain
Rafael Doménech, Víctor Pérez-Díaz, 11 December 2013
As in many other European countries, long-term trends in population growth and life expectancy in Spain make the current pay-as-you-go pension system unsustainable. A later baby boom and a recent immigration wave help explain why Spain has postponed the implementation of reforms already introduced in other European countries in the 1990s (see, for example, Chapter 1 of OECD 2012).
Democracy in Africa
Thorvaldur Gylfason, 17 November 2013
A man’s admiration for absolute government is proportionate to the contempt he feels for those around him.
― Alexis de Tocqueville
Until the second half of the 19th century, there were so few democratic states around the world that they could be counted on the fingers of one hand.
Growth and political change: Transition duration is critical
Caroline Freund, Melise Jaud, 24 January 2013
The Arab world is undergoing a major political transition. The final outcomes of the changes are far from certain in nations where they have occurred. The geographical spread of the changes is also far from clear at this point. Nevertheless, there have been and will continue to be economic consequences from the moves towards democracy (see Besley and Kudamatsu 2007).
What explains political institutions? Evidence from colonial British America
Elena Nikolova, 17 August 2012
Under what circumstances do democratic as opposed to authoritarian institutions emerge? Although a large literature has tackled this question (see Acemoglu et al. 2001, Acemoglu and Robinson 2012, Engerman and Sokoloff 2000), we still have an imperfect knowledge of how representative institutions originate and change.
What determines democracy? And what helps to maintain it?
Martin Gassebner, Michael J Lamla, James Raymond Vreeland, 11 August 2012
Democracy is on the move in the Arab world. Whether democratic regimes will emerge and survive remains an open question, and the intense media coverage of the Arab Spring has revived public interest in the determinants of democracy. The quest to understand why democracy emerges and survives, however, has long been on the agenda of economists and political scientists.
- Internationalisation, innovation, and productivity of firmsAltomonte, Aquilante, Békés, Ottaviano
- How rich nations benefit from EU membershipCampos, Coricelli, Moretti
- Predicting economic turning pointsAhir, Loungani
- The ECB should do QE via forex interventionFrankel
- The chartbook of economic inequalityAtkinson, Morelli
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- The ECB’s stealth bailoutSinn
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
Mulgan, 11 April 2014
Campos, Coricelli, Moretti
Ostry, Berg, Tsangarides