Article ID Journal Published Year Pages File Type
992090 World Development 2013 16 Pages PDF
Abstract

SummaryWe argue that an understanding of the political drivers of economic growth needs an explanation of the political dynamics around the transition from one growth phase to another, and that the political drivers of early stage growth accelerations are different from that of growth maintenance. Informal institutions are likely to play a role in growth acceleration, while formal institutions of credible commitment, the provisioning of public goods and the overcoming of co-ordination failures will be more important in growth maintenance. We present empirical evidence drawn from country case-studies and cross-country econometric analysis that provides support to our theoretical propositions.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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