Democracy and institutional quality : theory and evidence

Tommy Krieger

We present a simple model that illustrates how democracy may improve the quality of economic institutions. The model further suggests that institutional quality varies more across autocracies than across democracy and that the positive effect of democracy on institutional quality is increasing in people's human capital. Using a new panel data set, covering 140 countries and the period from 1920 to 2015, and different measures of institutional quality, we present results from fixed effect and two-stage least squares regressions that confirm the predictions of our model.

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Year of publication:	February 10, 2019
Authors:	Krieger, Tommy
Published in:	Jahrestagung 2019 ; no. A08-V2 Session: Political Economy - Institutions I ; V2
Publisher:	[Leipzig] : Verein für Socialpolitik
Subject:	Democracy \| Development \| Economic Institutions \| Human Capital \| Institutional Quality \| Political Economy \| Political Transitions \| Private Property Rights \| Institutionelle Infrastruktur \| Institutional infrastructure \| Demokratie \| Sachenrecht \| Law of property \| Welt \| World \| Institutionenökonomik \| Institutional economics \| Systemtransformation \| Economic transition \| Wirtschaftswachstum \| Economic growth \| Humankapital \| Human capital \| Politisches System \| Political system \| Institutioneller Wandel \| Institutional change \| Demokratisierung \| Democratization \| Schätzung \| Estimation

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Extent:	1 Online-Ressource (circa 30 Seiten) Illustrationen
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Konferenzbeitrag ; Conference paper ; Graue Literatur ; Non-commercial literature
Language:	English
Other identifiers:	hdl:10419/203507 [Handle]
Classification:	D73 - Bureaucracy; Administrative Processes in Public Organizations; Corruption ; H11 - Structure, Scope, and Performance of Government ; O43 - Institutions and Growth ; P14 - Property Rights ; P48 - Legal Institutions; Property Rights
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012236426