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The Dictator Effect : How long years in office affect economic development

Papaioannou, Kostadis LU and Luiten van Zanden, Jan (2015) In Journal of Institutional Economics 11(1). p.111-139
Abstract
This paper contributes to the growing literature on the links between political regimes and economic development by studying the effects of years in office on economic development. The hypothesis is that dictators who stay in office for a long time period will find it increasingly difficult to carry out sound economic policies. We argue that such economic policies are the result of information asymmetries inherent to dictatorships (known as the ‘dictator dilemma’) and of changes in the personality of dictators (known as the ‘winner effect’). We call the combination of these two terms the ‘dictator effect’. We present evidence to suggest that long years in office impacts on economic growth (which is reduced), inflation (which increases) and... (More)
This paper contributes to the growing literature on the links between political regimes and economic development by studying the effects of years in office on economic development. The hypothesis is that dictators who stay in office for a long time period will find it increasingly difficult to carry out sound economic policies. We argue that such economic policies are the result of information asymmetries inherent to dictatorships (known as the ‘dictator dilemma’) and of changes in the personality of dictators (known as the ‘winner effect’). We call the combination of these two terms the ‘dictator effect’. We present evidence to suggest that long years in office impacts on economic growth (which is reduced), inflation (which increases) and the quality of institutions (which deteriorates). The negative effect of long years of tenure (i.e. the ‘dictator effect’) is particularly strong in young states and in Africa and the Near East. (Less)
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author
publishing date
type
Contribution to journal
publication status
published
subject
in
Journal of Institutional Economics
volume
11
issue
1
pages
29 pages
publisher
Cambridge University Press
external identifiers
  • scopus:84922273384
ISSN
1744-1382
DOI
10.1017/S1744137414000356P
language
English
LU publication?
no
id
1b261e0d-21f1-418e-aeb8-c203823642e1
date added to LUP
2017-09-22 15:23:15
date last changed
2017-09-25 16:11:26
@article{1b261e0d-21f1-418e-aeb8-c203823642e1,
  abstract     = {This paper contributes to the growing literature on the links between political regimes and economic development by studying the effects of years in office on economic development. The hypothesis is that dictators who stay in office for a long time period will find it increasingly difficult to carry out sound economic policies. We argue that such economic policies are the result of information asymmetries inherent to dictatorships (known as the ‘dictator dilemma’) and of changes in the personality of dictators (known as the ‘winner effect’). We call the combination of these two terms the ‘dictator effect’. We present evidence to suggest that long years in office impacts on economic growth (which is reduced), inflation (which increases) and the quality of institutions (which deteriorates). The negative effect of long years of tenure (i.e. the ‘dictator effect’) is particularly strong in young states and in Africa and the Near East.},
  author       = {Papaioannou, Kostadis and Luiten van Zanden, Jan},
  issn         = {1744-1382},
  language     = {eng},
  number       = {1},
  pages        = {111--139},
  publisher    = {Cambridge University Press},
  series       = {Journal of Institutional Economics},
  title        = {The Dictator Effect : How long years in office affect economic development},
  url          = {http://dx.doi.org/10.1017/S1744137414000356P},
  volume       = {11},
  year         = {2015},
}