Role of Political Institutions on Economic Growth: Empirical Evidence

Download This Paper Open PDF in Browser Add Paper to My Library Share: Permalink Using these links will ensure access to this page indefinitely Copy URL Role of Political Institutions on Economic Growth: Empirical Evidence 40 Pages Posted: 4 Dec 2022 See all articles by Dr Walid Y AlaliDr Walid Y AlaliOxford University Economic Department Date Written: November 2, 2022 Abstract This paper explores the effect of political institutions on economic development via its causation of economic reforms. Focusing on the causality between political institutions – democracy, specifically – and economic reforms. After all, one way of improving society's well-being is through promoting economic growth, thereby narrowing the cross-country income differences. We investigate whether economic reforms are more likely to take place in democracies since greater accountability may lead the government to adopt measures that gain majority support. Economic reforms are referred to as comprehensive measures that broaden the market's scope including the international. Using the same methodology as in the previous paper1, the dynamic panel GMM estimator, we study whether democracy causes economic reforms in different sectors, namely fiscal measures, trade liberalisation, credit market liberalisation, capital account openness and labour market deregulation. Reciprocally, test if economic reforms cause the democratisation process, and how political institutions and economic reforms interact. Keywords: Economic Development, Institutions, Institutions Performance, Policy, Economic Growth, Political Institution Suggested Citation: Suggested Citation Alali, Dr Walid Y, Role of Political Institutions on Economic Growth: Empirical Evidence (November 2, 2022). Available at SSRN: https://ssrn.com/abstract=4266323 Dr Walid Y Alali (Contact Author) Oxford University Economic Department ( email ) Manor Road BuildingOxford, OX1 3UQUnited Kingdom Download This Paper Open PDF in Browser Do you have a job opening that you would like to promote on SSRN? Place Job Opening Paper statistics Downloads 29 Abstract Views 33 PlumX Metrics Related eJournals Econometric Modeling: Macroeconomics eJournal Follow Econometric Modeling: Macroeconomics eJournal Subscribe to this fee journal for more curated articles on this topic FOLLOWERS 662 PAPERS 16,255 Economic Growth eJournal Follow Economic Growth eJournal Subscribe to this fee journal for more curated articles on this topic FOLLOWERS 630 PAPERS 15,411 This Journal is curated by: William Easterly at New York University - Department of Economics Investments eJournal Follow Investments eJournal Subscribe to this fee journal for more curated articles on this topic FOLLOWERS 230 PAPERS 3,010 Political Economy - Development: Political Institutions eJournal Follow Political Economy - Development: Political Institutions eJournal Subscribe to this fee journal for more curated articles on this topic FOLLOWERS 65 PAPERS 10,944 Political Economy - Development: Domestic Development Strategies eJournal Follow Political Economy - Development: Domestic Development Strategies eJournal Subscribe to this fee journal for more curated articles on this topic FOLLOWERS 57 PAPERS 24,926 Feedback Feedback to SSRN Feedback (required) Email (required) Submit If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday. Submit a Paper Section 508 Text Only Pages SSRN Quick Links SSRN Solutions Research Paper Series Conference Papers Partners in Publishing Jobs & Announcements Newsletter Sign Up SSRN Rankings Top Papers Top Authors Top Organizations About SSRN SSRN Objectives Network Directors Presidential Letter Announcements Contact us FAQs Copyright Terms and Conditions Privacy Policy We use cookies to help provide and enhance our service and tailor content. To learn more, visit Cookie Settings. This page was processed by aws-apollo-5dc in 0.212 seconds