Why are Presidential Regimes Bad for the Economy?: Understanding the Link Between Forms of Government and Economic Outcomes (Routledge Frontiers of Political Economy)

Synopsis

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.

Copyright:

2023

Book Details

Book Quality:

Publisher Quality

Book Size:

92 Pages

ISBN-13:

9781000851854

Related ISBNs:

9781003141242, 9780367692865, 9780367692872

Publisher:

Taylor and Francis

Date of Addition:

12/27/22

Copyrighted By:

Richard McManus and Gulcin Ozkan, The right of Richard McManus and Gulcin Ozkan to be identified as authors of this work has been asserted in accordance with sections

Adult content:

No

Language:

English

Has Image Descriptions:

No

Categories:

Nonfiction, Business and Finance, Politics and Government

Submitted By:

Bookshare Staff

Usage Restrictions:

This is a copyrighted book.