The autocratic gamble: evidence from robust variance tests

Autor:	Jonathan R.W. Temple, Fabio Monteforte
Rok vydání:	2020
Předmět:	media_common.quotation_subject Population Sample (statistics) Autocracy Democracy Economic growth Robust variance tests 0502 economics and business 050602 political science & public administration Econometrics Economics 050207 economics Business and International Management education Total factor productivity media_common education.field_of_study 05 social sciences Variance (accounting) Investment (macroeconomics) 0506 political science General Economics Econometrics and Finance Public finance
Zdroj:	Economics of Governance. 21:363-384
ISSN:	1435-8131 1435-6104
DOI:	10.1007/s10101-020-00245-4
Popis:	This paper examines whether autocracy is a gamble. Using robust variance tests and other analyses, we find that long-term growth varies more across autocracies than across democracies. This remains true even when richer countries are excluded from the sample. We also investigate channels, to see if the higher variance of growth outcomes across autocracies can be traced to a higher variance in investment ratios or productivity growth. Overall, the paper’s findings suggest that growth prospects are more uncertain for autocracies than democracies, and especially for closed autocracies. From the viewpoint of a domestic population, autocracy remains a gamble.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::000681481d6094be1af16b13f1f1beb5 https://doi.org/10.1007/s10101-020-00245-4 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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