English, Article, Journal or magazine article edition: A note on the U-shaped relationship between political competition and economic freedom Antonio Saravia

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Bookmark: http://trove.nla.gov.au/version/171307
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • A note on the U-shaped relationship between political competition and economic freedom
Author
  • Antonio Saravia
Physical Description
  • preprint
Notes
  • We investigate a recent political theory of institutional change according to which institutions of economic freedom are more likely to be adopted at the extreme cases of strong and weak political competition than at cases in between. We find that such a U-shaped relationship is verified when controlling for other political variables and past economic growth, but disappears when controlling for the initial level of development. In this case, the relationship between political competition and the adoption of institutions of economic freedom appears to be positive and linear as suggested by the political principal-agent paradigm.
  • Economic Freedom, Institutional Change, Political Competition, Political Institutions
  • RePEc:adv:wpaper:200807
Language
  • English
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