Instability, political regimes and economic growth: A theoretical framework

Autores
Tohmé, Fernando Abel; Caraballo, M. Ángeles; Dabús, Carlos Darío
Año de publicación
2021
Idioma
inglés
Tipo de recurso
artículo
Estado
versión publicada
Descripción
This paper models the influence of political instability on long-term economic growth. We consider three political systems associated to real-world political systems of increasing participation in policy-making. For each system, society chooses an agent that remains in power unless instability, represented as a shortening of the period in office, sets in, which in turn leads to a shortening of the temporal horizon. The agent in charge reevaluates the optimal consumption program, by increasing the rate of time preference and the consumption. With a positively skewed income distribution, the relationship between participation and growth presents different shapes, depending on the probability of the agent in office being ousted. Our results lend theoretical support to the various findings in the empirical literature on the effects of political systems on economic growth.
Fil: Tohmé, Fernando Abel. Consejo Nacional de Investigaciones Científicas y Técnicas. Centro Científico Tecnológico Conicet - Bahía Blanca. Instituto de Matemática Bahía Blanca. Universidad Nacional del Sur. Departamento de Matemática. Instituto de Matemática Bahía Blanca; Argentina
Fil: Caraballo, M. Ángeles. Universidad de Sevilla; España
Fil: Dabús, Carlos Darío. Consejo Nacional de Investigaciones Científicas y Técnicas. Centro Científico Tecnológico Conicet - Bahía Blanca. Instituto de Investigaciones Económicas y Sociales del Sur. Universidad Nacional del Sur. Departamento de Economía. Instituto de Investigaciones Económicas y Sociales del Sur; Argentina
Materia
Political Instability
Political Regimes
Economic Growth
Theoretical Framework
Nivel de accesibilidad
acceso abierto
Condiciones de uso
https://creativecommons.org/licenses/by/2.5/ar/
Repositorio
CONICET Digital (CONICET)
Institución
Consejo Nacional de Investigaciones Científicas y Técnicas
OAI Identificador
oai:ri.conicet.gov.ar:11336/161938
Acceder
id CONICETDig_bb10e13fd23ed937b3d98a6e68455491
oai_identifier_str oai:ri.conicet.gov.ar:11336/161938
network_acronym_str CONICETDig
repository_id_str 3498
network_name_str CONICET Digital (CONICET)
spelling Instability, political regimes and economic growth: A theoretical frameworkTohmé, Fernando AbelCaraballo, M. ÁngelesDabús, Carlos DaríoPolitical InstabilityPolitical RegimesEconomic GrowthTheoretical Frameworkhttps://purl.org/becyt/ford/5.2https://purl.org/becyt/ford/5This paper models the influence of political instability on long-term economic growth. We consider three political systems associated to real-world political systems of increasing participation in policy-making. For each system, society chooses an agent that remains in power unless instability, represented as a shortening of the period in office, sets in, which in turn leads to a shortening of the temporal horizon. The agent in charge reevaluates the optimal consumption program, by increasing the rate of time preference and the consumption. With a positively skewed income distribution, the relationship between participation and growth presents different shapes, depending on the probability of the agent in office being ousted. Our results lend theoretical support to the various findings in the empirical literature on the effects of political systems on economic growth.Fil: Tohmé, Fernando Abel. Consejo Nacional de Investigaciones Científicas y Técnicas. Centro Científico Tecnológico Conicet - Bahía Blanca. Instituto de Matemática Bahía Blanca. Universidad Nacional del Sur. Departamento de Matemática. Instituto de Matemática Bahía Blanca; ArgentinaFil: Caraballo, M. Ángeles. Universidad de Sevilla; EspañaFil: Dabús, Carlos Darío. Consejo Nacional de Investigaciones Científicas y Técnicas. Centro Científico Tecnológico Conicet - Bahía Blanca. Instituto de Investigaciones Económicas y Sociales del Sur. Universidad Nacional del Sur. Departamento de Economía. Instituto de Investigaciones Económicas y Sociales del Sur; ArgentinaJohn Wiley & Sons Inc.2021-11-25info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_6501info:ar-repo/semantics/articuloapplication/pdfapplication/pdfhttp://hdl.handle.net/11336/161938Tohmé, Fernando Abel; Caraballo, M. Ángeles; Dabús, Carlos Darío; Instability, political regimes and economic growth: A theoretical framework; John Wiley & Sons Inc.; Metroeconomica; 73; 1; 25-11-2021; 291-3171467-999XCONICET DigitalCONICETenginfo:eu-repo/semantics/altIdentifier/url/https://onlinelibrary.wiley.com/doi/10.1111/meca.12362info:eu-repo/semantics/altIdentifier/doi/10.1111/meca.12362info:eu-repo/semantics/openAccesshttps://creativecommons.org/licenses/by/2.5/ar/reponame:CONICET Digital (CONICET)instname:Consejo Nacional de Investigaciones Científicas y Técnicas2025-10-22T12:15:04Zoai:ri.conicet.gov.ar:11336/161938instacron:CONICETInstitucionalhttp://ri.conicet.gov.ar/Organismo científico-tecnológicoNo correspondehttp://ri.conicet.gov.ar/oai/requestdasensio@conicet.gov.ar; lcarlino@conicet.gov.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:34982025-10-22 12:15:04.452CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicasfalse
dc.title.none.fl_str_mv Instability, political regimes and economic growth: A theoretical framework
title Instability, political regimes and economic growth: A theoretical framework
spellingShingle Instability, political regimes and economic growth: A theoretical framework
Tohmé, Fernando Abel
Political Instability
Political Regimes
Economic Growth
Theoretical Framework
title_short Instability, political regimes and economic growth: A theoretical framework
title_full Instability, political regimes and economic growth: A theoretical framework
title_fullStr Instability, political regimes and economic growth: A theoretical framework
title_full_unstemmed Instability, political regimes and economic growth: A theoretical framework
title_sort Instability, political regimes and economic growth: A theoretical framework
dc.creator.none.fl_str_mv Tohmé, Fernando Abel
Caraballo, M. Ángeles
Dabús, Carlos Darío
author Tohmé, Fernando Abel
author_facet Tohmé, Fernando Abel
Caraballo, M. Ángeles
Dabús, Carlos Darío
author_role author
author2 Caraballo, M. Ángeles
Dabús, Carlos Darío
author2_role author
author
dc.subject.none.fl_str_mv Political Instability
Political Regimes
Economic Growth
Theoretical Framework
topic Political Instability
Political Regimes
Economic Growth
Theoretical Framework
purl_subject.fl_str_mv https://purl.org/becyt/ford/5.2
https://purl.org/becyt/ford/5
dc.description.none.fl_txt_mv This paper models the influence of political instability on long-term economic growth. We consider three political systems associated to real-world political systems of increasing participation in policy-making. For each system, society chooses an agent that remains in power unless instability, represented as a shortening of the period in office, sets in, which in turn leads to a shortening of the temporal horizon. The agent in charge reevaluates the optimal consumption program, by increasing the rate of time preference and the consumption. With a positively skewed income distribution, the relationship between participation and growth presents different shapes, depending on the probability of the agent in office being ousted. Our results lend theoretical support to the various findings in the empirical literature on the effects of political systems on economic growth.
Fil: Tohmé, Fernando Abel. Consejo Nacional de Investigaciones Científicas y Técnicas. Centro Científico Tecnológico Conicet - Bahía Blanca. Instituto de Matemática Bahía Blanca. Universidad Nacional del Sur. Departamento de Matemática. Instituto de Matemática Bahía Blanca; Argentina
Fil: Caraballo, M. Ángeles. Universidad de Sevilla; España
Fil: Dabús, Carlos Darío. Consejo Nacional de Investigaciones Científicas y Técnicas. Centro Científico Tecnológico Conicet - Bahía Blanca. Instituto de Investigaciones Económicas y Sociales del Sur. Universidad Nacional del Sur. Departamento de Economía. Instituto de Investigaciones Económicas y Sociales del Sur; Argentina
description This paper models the influence of political instability on long-term economic growth. We consider three political systems associated to real-world political systems of increasing participation in policy-making. For each system, society chooses an agent that remains in power unless instability, represented as a shortening of the period in office, sets in, which in turn leads to a shortening of the temporal horizon. The agent in charge reevaluates the optimal consumption program, by increasing the rate of time preference and the consumption. With a positively skewed income distribution, the relationship between participation and growth presents different shapes, depending on the probability of the agent in office being ousted. Our results lend theoretical support to the various findings in the empirical literature on the effects of political systems on economic growth.
publishDate 2021
dc.date.none.fl_str_mv 2021-11-25
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
http://purl.org/coar/resource_type/c_6501
info:ar-repo/semantics/articulo
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv http://hdl.handle.net/11336/161938
Tohmé, Fernando Abel; Caraballo, M. Ángeles; Dabús, Carlos Darío; Instability, political regimes and economic growth: A theoretical framework; John Wiley & Sons Inc.; Metroeconomica; 73; 1; 25-11-2021; 291-317
1467-999X
CONICET Digital
CONICET
url http://hdl.handle.net/11336/161938
identifier_str_mv Tohmé, Fernando Abel; Caraballo, M. Ángeles; Dabús, Carlos Darío; Instability, political regimes and economic growth: A theoretical framework; John Wiley & Sons Inc.; Metroeconomica; 73; 1; 25-11-2021; 291-317
1467-999X
CONICET Digital
CONICET
dc.language.none.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv info:eu-repo/semantics/altIdentifier/url/https://onlinelibrary.wiley.com/doi/10.1111/meca.12362
info:eu-repo/semantics/altIdentifier/doi/10.1111/meca.12362
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
https://creativecommons.org/licenses/by/2.5/ar/
eu_rights_str_mv openAccess
rights_invalid_str_mv https://creativecommons.org/licenses/by/2.5/ar/
dc.format.none.fl_str_mv application/pdf
application/pdf
dc.publisher.none.fl_str_mv John Wiley & Sons Inc.
publisher.none.fl_str_mv John Wiley & Sons Inc.
dc.source.none.fl_str_mv reponame:CONICET Digital (CONICET)
instname:Consejo Nacional de Investigaciones Científicas y Técnicas
reponame_str CONICET Digital (CONICET)
collection CONICET Digital (CONICET)
instname_str Consejo Nacional de Investigaciones Científicas y Técnicas
repository.name.fl_str_mv CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicas
repository.mail.fl_str_mv dasensio@conicet.gov.ar; lcarlino@conicet.gov.ar
_version_ 1846782561946173440
score 12.982451

Publicaciones similares