Political Regimes and Economic Growth

  • Adam Przeworski
  • Fernando Limongi
  • Salvador Giner
Part of the International Economic Association Series book series (IEA)

Abstract

Arguments that relate regimes to growth focus on property rights, pressures for immediate consumption, and the autonomy of dictators. While everyone seems to agree that secure property rights foster growth, it is controversial whether democracies or dictatorships better secure these rights. The main mechanism by which democracy is thought to hinder growth is pressure for immediate consumption, which reduces investment. Only states that are institutionally insulated from such pressures can resist them, and democratic states are not. The main argument against dictatorships is that authoritarian rulers have no interest in maximizing total output. These views are summarized in turn.

Keywords

Economic Crisis Income Coherence Dine Defend 

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Copyright information

© International Economic Association 1995

Authors and Affiliations

  • Adam Przeworski
    • 1
  • Fernando Limongi
    • 2
  • Salvador Giner
    • 3
  1. 1.University of ChicagoUSA
  2. 2.University of Sao PauloBrazil
  3. 3.IESABarcelonaSpain

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