The Political Dimension of Economic Growth

1. Front Matter

   Pages i-xxx

   PDF

2. The State and Development

   1. Front Matter

      Pages 1-1

      PDF

   2. Institutions as Investments

      • Robert H. Bates

      Pages 3-19

   3. Some Lessons on the Efficiency of Democracy from a Study of Dictatorship

      • Ronald Wintrobe

      Pages 20-37

   4. The Economics of Autocracy and Majority Rule: The Invisible Hand and the Use of Force

      • Martin C. McGuire, Mancur Olson Jr

      Pages 38-73

   5. Causes of Change in Political-Economic Regimes

      • Peter Bernholz

      Pages 74-94

3. Volatility, Uncertainty, Institutional Instability and Growth

   1. Front Matter

      Pages 95-95

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   2. Macroeconomic Volatility and Economic Development

      • Michael Gavin, Ricardo Hausmann

      Pages 97-116

   3. Political Variables in Growth Regressions

      • Aymo Brunetti

      Pages 117-135

   4. Political Stability and Economic Stagnation

      • Philip Keefer, Stephen Knack

      Pages 136-153

   5. Political Uncertainty, the Formation of New Activities and Growth

      • Joshua Aizenman

      Pages 154-170

   6. Does Economic Growth Lead to Political Stability?

      • Martin Paldam

      Pages 171-190

4. Rent-Seeking and Corruption

   1. Front Matter

      Pages 191-191

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   2. Corruption and Rent-Seeking

      • John Mukum Mbaku

      Pages 193-211

   3. Corruption and Countervailing Action in Pakistan

      • M. Shahid Alam

      Pages 212-224

5. Case Studies: Policies, Countries and International Organizations

   1. Front Matter

      Pages 225-225

      PDF

   2. Disinflation and Overvaluation

      • Rudiger Dornbusch

      Pages 227-242

   3. Government Policy, Saving and Growth in Latin America

      • Vittorio Corbo

      Pages 243-265

   4. Growth and Political Violence in Northern Ireland, 1920–96

      • Vani K. Borooah

      Pages 266-277

   5. Donor Conditionality and Policy Reform

      • Tony Killick

      Pages 278-293

The state and its institutions are crucial for economic development: for better and for worse. This insight informs this important, up-to-date and authoritative survey of new trends in growth economics and the widely divergent economic performance of developing countries - for example, between Latin America and South-east Asia - which seemed to be similarly placed just a generation ago. The decisive role of the political dimension in economic growth seems clear but there are many challenges to be met in getting an analytical handle on the precise determinants and in testing empirically for this. This is the challenge taken up by the international team of contributors.

• constitution
• corruption
• democracy
• dictatorship
• Economic Development
• economic growth
• government
• growth
• inflation
• Institution
• Policy
• violence

SILVIO BORNER University of Basel, Switzerland.

MARTIN PALDAM University of Aarhus, Denmark.

Policies and ethics