The Effect of Political Regime and Freedom on Economic Growth

20 Pages Posted: 5 Dec 2007

See all articles by Shashvat Saurabh

Shashvat Saurabh

Indira Gandhi Institute of Development Research (IGIDR) - Economics

Date Written: Oct 06

Abstract

Do political regime and freedom have a significant effect on economic growth? This paper tries to maintain differences in three political regimes viz. autocracies, bureaucracies and democracies and examines whether these regimes have different features overall and within specific continents in terms of effecting economic growth. Besides this paper study the effect of freedom status of a country (which is well associated with the political regime) on economic growth so as to accomplish a comparison of the results. The study covers 57 countries over 11 years, 1990-2000. The results suggest that the political regime and freedom have highly significant effect on economic growth with unique results for each continent.

Keywords: economic growth, political regime, freedom, democracy, bureaucracy, autocracy

JEL Classification: A11, C10, C33, C23, O47, O50, P16

Suggested Citation

Saurabh, Shashvat, The Effect of Political Regime and Freedom on Economic Growth (Oct 06). Available at SSRN: https://ssrn.com/abstract=1044201 or http://dx.doi.org/10.2139/ssrn.1044201

Shashvat Saurabh (Contact Author)

Indira Gandhi Institute of Development Research (IGIDR) - Economics ( email )

Gen A.K. Vaidya Marg Santoshnagar
Goregaon (East)
Mumbai, Maharashtra 400065
India

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