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Authordc.contributor.authorStreb, Jorge M. 
Authordc.contributor.authorDruck, Pablo F. es_CL
Admission datedc.date.accessioned2010-09-22T13:57:09Z
Available datedc.date.available2010-09-22T13:57:09Z
Publication datedc.date.issued2007-06
Cita de ítemdc.identifier.citationEstudios de Economía, Vol.34, No.1, Junio 2007, Pag. 5-20en_US
Identifierdc.identifier.urihttps://repositorio.uchile.cl/handle/2250/127742
General notedc.descriptionArtículo de publicación ISI
Abstractdc.description.abstractCan limited government be a driving force of economic development? This idea goes back to Montesquieu, and is closely related to recent research in institutional economics. Measuring limited government with the Henisz political constraints index, and economic development with income per capita, the paper first does a causality test to see whether political constraints lead income per capita. Since both are persistent variables, their differences are analyzed. The evidence from the 1960-1990 period indeed suggests that increases in political constraints precede economic growth. The effect of political constraints might take a long time period to set in, so a second test looks at the link between income per capita and polity persistence, conditioned on the degree of political constraints. Polity persistence is positively linked to income per capita with high political constraints, but there is no link with low political constraints. This broader evidence suggests that limited government has been conducive to economic development over the long run.en_US
Lenguagedc.language.isoenen_US
Publisherdc.publisherUniversidad de Chile. Facultad de Economía y Negociosen_US
Keywordsdc.subjectLimited governmenten_US
Títulodc.titleEconomic development as a matter of political geographyen_US
Document typedc.typeArtículo de revista


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