The Economic Effects of Constitutions

The Economic Effects of Constitutions

by Torsten Persson
     
 

ISBN-10: 0262162199

ISBN-13: 9780262162197

Pub. Date: 09/15/2003

Publisher: MIT Press

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. 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…  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. 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.

Product Details

ISBN-13:
9780262162197
Publisher:
MIT Press
Publication date:
09/15/2003
Series:
Munich Lectures in Economics
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

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