Working Paper
Political Regime Change, Economic Reform and Growth Accelerations
Richard Jong-A-Pin, Jakob de Haan
CESifo, Munich, 2007
CESifo Working Paper No. 1905
CESifo, Munich, 2007
CESifo Working Paper No. 1905
Using an improved definition and indicator of growth accelerations, we examine whether political regimes, regime changes, and economic reform are related to growth accelerations. Our results show that economic growth accelerations are preceded by economic reforms. Furthermore, we find that growth accelerations are more likely to happen after the start of a new political regime.
Keywords: economic growth, growth accelerations, regime changes, economic reform