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
- Institución
- Consejo Nacional de Investigaciones Científicas y Técnicas
- OAI Identificador
- oai:ri.conicet.gov.ar:11336/161938
Ver los metadatos del registro completo
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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 Técnicas2025-09-29T10:42:21Zoai: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:34982025-09-29 10:42:21.86CONICET 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 |
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1844614456388091904 |
score |
13.070432 |