Open access
Date
2012-10Type
- Working Paper
ETH Bibliography
yes
Altmetrics
Abstract
We analyze the in uence of IMF and World Bank programs on political regime transitions. We develop an extended version of Acemoglu and Robinson's [American Economic Review 91, 2001] model of political transitions to show how the anticipation of new loans from international financial institutions can trigger political transitions which would not otherwise have taken place. We test this unexplored implication of the theory empirically. We find in a world sample from 1970 to 2002 that the anticipation of receiving new programs immediately after a political regime transition increases the probability of a transition from autocracy to democracy and reduces the probability of democratic survival. Show more
Permanent link
https://doi.org/10.3929/ethz-a-007554467Publication status
publishedJournal / series
KOF Working PapersVolume
Publisher
KOF Swiss Economic Institute, ETH ZurichSubject
POLITISCHE REFORMEN + POLITISCHER WANDEL + REFORMPOLITIK (INNENPOLITIK); World Bank; Autocracy; Political transitions; AUTORITÄRE REGIME + MILITÄRDIKTATUREN + AUTOKRATISCHE REGIME (POLITIK); DEMOKRATIE (POLITIK); DEMOCRACY (POLITICS); AUTHORITARIAN REGIMES + MILITARY DICTATORSHIPS + AUTOCRATIC REGIMES (POLITICS); Democracy; INTERNATIONAL MONETARY FUND; INTERNATIONALER WÄHRUNGSFONDS; WELTBANK; POLITICAL REFORMS + POLITICAL TRANSITION + REFORM POLITICS (INTERNAL POLITICS); WORLD BANK; IMFOrganisational unit
03716 - Sturm, Jan-Egbert / Sturm, Jan-Egbert
02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
More
Show all metadata
ETH Bibliography
yes
Altmetrics