|
EconStor >
ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/65390
|
| | |
| Title: | | The golden hello and political transitions  |
| Authors: | | Aidt, Toke S. Albornoz, Facundo Gassebner, Martin |
| Issue Date: | | 2012 |
| Series/Report no.: | | CESifo Working Paper: Public Choice 3957 |
| Abstract: | | We analyze the influence of IMF and World Bank programs on political regime transitions. We develop an extended version of Acemoglu and Robinson's [American Economic Review 91, 2001] model of political transitions to show how the anticipation of new loans from in-ternational financial institutions can trigger political transitions which would not otherwise have taken place. We test this unexplored implication of the theory empirically. We find in a world sample from 1970 to 2002 that the anticipation of receiving new programs immediately after a political regime transition increases the probability of a transition from autocracy to democracy and reduces the probability of democratic survival. |
| Subjects: | | political transitions democracy autocracy IMF World Bank |
| JEL: | | O19 D72 F59 F53 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
|
| Files in This Item:
| |
|
| No. of Downloads:
| |
| last Month |
last 3 Month |
total |
|
|
|
|
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/65390
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|