Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/295128 
Erscheinungsjahr: 
2024
Quellenangabe: 
[Journal:] The Review of Economics and Statistics [ISSN:] 1530-9142 [Issue:] Forthcoming [Publisher:] MIT Press [Place:] Cambridge, Mass. [Year:] 2024 [Pages:] 1-29
Verlag: 
MIT Press, Cambridge, Mass.
Zusammenfassung: 
How substantial are the economic benefits from democratic regime change? We argue that democratisation is often not a discrete event but a two-stage process: autocracies enter into ‘episodes’ of political liberalisation which eventually culminate in regime change or not. To account for this chronology and the implicit counterfactual groups, we introduce a repeated-treatment difference-in-difference implementation capturing non-parallel trends and selection into treatment. We find that modelling regime change in two stages rather than a single event yields stronger long-run growth effects. Among democratizers, experiencing repeated episodes without regime change reduces growth in democracy whereas length of episode does not.
Schlagwörter: 
Democracy
Growth
Political Develpoment
Difference-in-Difference
Interactive Fixed Effects
Dokumentart: 
Article
Dokumentversion: 
Accepted Manuscript (Postprint)

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