Power Distribution, Political Regime, and Economic Institutions

We provide evidence that power distribution seems to matter more than democratic electoral rules to form economic institutions. Our statistical strategy relies on a regime typology based on the status of power distribution; which might be centralized in the hands of the executive or decentralized and distributed among different political bodies such as the executive, legislature, etc. We show that decentralized regimes have better economic institutions than centralized ones, in both democracies and non-democracies. Moreover, democratic electoral rules by itself, may not be so important and interestingly, non-democracies with decentralized power have better economic institutions than democracies with centralized power

کلیدواژه ها:

Power Distribution ، Economic Institutions ، Democracy ، Non-democracy