Political Growth Collapses

Growth Collapses

We study episodes where economic growth decelerates to negative rates. While the majority of these episodes are of short duration, a substantial fraction last for a longer period of time than can be explained as the result of businesscycle dynamics. The duration, depth and associated output loss of these episodes differs dramatically across regions. We investigate the factors associated with th...

Economic Growth and Political Survival

Using data for 162 countries for the period 1962-2006, this paper examines the importance of the national economic growth rate for the ability of a national leader to retain his or her position. To address the potential endogeneity of economic growth, I use commodity prices, export partner incomes, precipitation, and temperature to instrument for a country’s growth rate. The results indicate th...

Economic Growth under Political Accountability

We examine the impact of political and criminal accountability on economic growth. Governments seek to maximize their own consumption by extracting rents that are costly to growth. When citizens are able to depose politicians through elections, governments are tightly controlled. The rents politicians are able to extract increase in the length of their term. The effect of the threshold of crimi...

Collapses, products and LC manifolds

Collapses Ricardo Hausmann , Francisco Rodríguez ,

We study episodes where economic growth decelerates to negative rates. While the majority of these episodes are of short duration, a substantial fraction last for a longer period of time than can be explained as the result of business-cycle dynamics. The duration, depth and associated output loss of these episodes differs dramatically across regions. We investigate the factors associated with t...