ECONOMIC DEVELOPMENT AS A MATTER OF POLITICAL GEOGRAPHY

Can limited government be a driving force of economic development? This idea goes back to Montesquieu, and is closely related to recent research in institutional economics. Measuring limited government with the Heniszpolitical constraints index, and economic development with income per capita, the p...

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Autores principales:	Streb,Jorge M, Druck,Pablo F
Lenguaje:	English
Publicado:	Universidad de Chile. Departamento de Economía 2007
Materias:	limited government political constraints polity persistence economic development income per capita
Acceso en línea:	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-52862007000100001
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spelling	oai:scielo:S0718-528620070001000012007-12-06ECONOMIC DEVELOPMENT AS A MATTER OF POLITICAL GEOGRAPHYStreb,Jorge MDruck,Pablo F limited government political constraints polity persistence economic development income per capita Can limited government be a driving force of economic development? This idea goes back to Montesquieu, and is closely related to recent research in institutional economics. Measuring limited government with the Heniszpolitical constraints index, and economic development with income per capita, the paper first does a causality test to see whether political constraints lead income per capita. Since both are persistent variables, their differences are analyzed. The evidence from the 1960-1990 period indeed suggests that increases in political constraints precede economic growth. The effect of political constraints might take a long time period to set in, so a second test looks at the link between income per capita and polity persistence, conditioned on the degree of political constraints. Polity persistence is positively linked to income per capita with high political constraints, but there is no link with low political constraints. This broader evidence suggests that limited government has been conducive to economic development over the long runinfo:eu-repo/semantics/openAccessUniversidad de Chile. Departamento de EconomíaEstudios de economía v.34 n.1 20072007-06-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-52862007000100001en10.4067/S0718-52862007000100001
institution	Scielo Chile
collection	Scielo Chile
language	English
topic	limited government political constraints polity persistence economic development income per capita
spellingShingle	limited government political constraints polity persistence economic development income per capita Streb,Jorge M Druck,Pablo F ECONOMIC DEVELOPMENT AS A MATTER OF POLITICAL GEOGRAPHY
description	Can limited government be a driving force of economic development? This idea goes back to Montesquieu, and is closely related to recent research in institutional economics. Measuring limited government with the Heniszpolitical constraints index, and economic development with income per capita, the paper first does a causality test to see whether political constraints lead income per capita. Since both are persistent variables, their differences are analyzed. The evidence from the 1960-1990 period indeed suggests that increases in political constraints precede economic growth. The effect of political constraints might take a long time period to set in, so a second test looks at the link between income per capita and polity persistence, conditioned on the degree of political constraints. Polity persistence is positively linked to income per capita with high political constraints, but there is no link with low political constraints. This broader evidence suggests that limited government has been conducive to economic development over the long run
author	Streb,Jorge M Druck,Pablo F
author_facet	Streb,Jorge M Druck,Pablo F
author_sort	Streb,Jorge M
title	ECONOMIC DEVELOPMENT AS A MATTER OF POLITICAL GEOGRAPHY
title_short	ECONOMIC DEVELOPMENT AS A MATTER OF POLITICAL GEOGRAPHY
title_full	ECONOMIC DEVELOPMENT AS A MATTER OF POLITICAL GEOGRAPHY
title_fullStr	ECONOMIC DEVELOPMENT AS A MATTER OF POLITICAL GEOGRAPHY
title_full_unstemmed	ECONOMIC DEVELOPMENT AS A MATTER OF POLITICAL GEOGRAPHY
title_sort	economic development as a matter of political geography
publisher	Universidad de Chile. Departamento de Economía
publishDate	2007
url	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-52862007000100001
work_keys_str_mv	AT strebjorgem economicdevelopmentasamatterofpoliticalgeography AT druckpablof economicdevelopmentasamatterofpoliticalgeography
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ECONOMIC DEVELOPMENT AS A MATTER OF POLITICAL GEOGRAPHY

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