The Economic Effects of Constitutions / Edition 1

The Economic Effects of Constitutions / Edition 1

by Torsten Persson, Guido Tabellini
     
 

The authors of The Economic Effects of Constitutions
use econometric tools to study what they call the "missing link" between constitutional systems and economic policy; the book is an uncompromisingly empirical sequel to their previous theoretical analysis of economic policy. Taking recent theoretical work as a point of departure, they ask which

See more details below

Overview

The authors of The Economic Effects of Constitutions
use econometric tools to study what they call the "missing link" between constitutional systems and economic policy; the book is an uncompromisingly empirical sequel to their previous theoretical analysis of economic policy. Taking recent theoretical work as a point of departure, they ask which theoretical findings are supported and which are contradicted by the facts. The results are based on comparisons of political institutions across countries or time, in a large sample of contemporary democracies. They find that presidential/parliamentary and majoritarian/proportional dichotomies influence several economic variables:
presidential regimes induce smaller public sectors, and proportional elections lead to greater and less targeted government spending and larger budget deficits.
Moreover, the details of the electoral system (such as district magnitude and ballot structure) influence corruption and structural policies toward economic growth.Persson and Tabellini's goal is to draw conclusions about the causal effects of constitutions on policy outcomes. But since constitutions are not randomly assigned to countries, how the constitutional system was selected in the first place must be taken into account. This raises challenging methodological problems, which are addressed in the book. The study is therefore important not only in its findings but also in establishing a methodology for empirical analysis in the field of comparative politics.

The MIT Press

Read More

Product Details

ISBN-13:
9780262661928
Publisher:
MIT Press
Publication date:
03/01/2005
Series:
Munich Lectures in Economics
Edition description:
New Edition
Pages:
320
Product dimensions:
6.00(w) x 9.00(h) x 0.75(d)
Age Range:
18 Years

Table of Contents

Series Foreword
Preface
1Introduction and Overview1
2What Does Theory Say?11
3Policy Measures and Their Determinants35
4Electoral Rules and Forms of Government73
5Cross-Sectional Inference: Pitfalls and Methods113
6Fiscal Policy: Variation across Countries155
7Political Rents and Productivity: Variation across Countries187
8Fiscal Policy: Variation across Time219
9What Have We Learned?269
Data Appendix279
References287
Name Index297
Subject Index301

Read More

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >