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Book(electronic)2023
WHY ARE PRESIDENTIAL REGIMES BAD FOR THE ECONOMY?: understanding the link between forms of... government and macroeconomic outcomes
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Abstract
Recent evidence suggests that macroeconomic outcomes are inferior in countries operating under presidential regimes compared with those with parliaments, with lower levels of economic growth, higher rates of inflation, and higher levels of income inequality in countries with presidential governments. Despite this, more heads of state look to consolidate and build their executive power. This book considers why presidential regimes, in particular, are so bad for the economy. Throughout the book, the authors comprehensively and simultaneously consider the impact of legal, political, and economic institutions on the mechanisms. It is first demonstrated that presidential countries have (on average) inferior outcomes relative to parliamentary states with respect to these institutions and, moreover, with respect to healthcare and human development indicators. Subsequently, the book explores the impact of constitutional choice (parliamentary versus presidential) on both institutions and macroeconomic outcomes. It is documented that having a presidential regime induces weaker institutions, but that quality institutions can mitigate some of the negative impacts of such regimes.
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Book(electronic)#22022
Why Are Presidential Regimes Bad for the Economy?: Understanding the Link Between Forms of Government and Economic Outcomes
In: Routledge Frontiers of Political Economy Ser.
Cover -- Half Title -- Series -- Title -- Copyright -- Dedication -- Contents -- 1 Introduction and overview -- 2 Constitutions, form of government, and macroeconomic outcomes -- 3 Forms of government and political, legal, and economic institutions -- 4 How do constitutions influence macroeconomic outcomes? -- 5 Discussion and conclusions -- Appendix -- References -- Index.
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Subjects
Languages
English
Publisher
ROUTLEDGE
ISBN
9781000851823, 1000851826, 9781003141242, 1003141242, 9781000851854, 1000851850, 0367692864, 9780367692865
DOI
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