Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/128849
Authors: 
Pitlik, Hans
Year of Publication: 
2007
Series/Report no.: 
WIFO Working Papers 300
Abstract: 
The paper investigates empirically the interaction between economic growth performance and political institutions in producing free-market reform. In particular, we explore whether political regime types systematically shape government policy responses to good or bad growth performance, employing panel econometric techniques and using recently updated data for economic reform and political institutions. Contrary to conventional wisdom we find that a bad growth performance is conducive to reforms only in democracies, but not in autocracies. Democratic rule seems to be favourable for policy liberalisation in general, but a very good growth performance weakens liberalisation incentives considerably.
Subjects: 
democracy
crisis hypothesis
market-oriented reform
political credibility
Document Type: 
Working Paper

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