The dictator effect: how long years in office affect economic development

K.I. Papaioannou, J.L. van Zanden

Research output: Contribution to journalArticleAcademicpeer-review

2 Citations (Scopus)

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.
Original languageEnglish
Pages (from-to)111-139
JournalJournal of Institutional Economics
Volume11
Issue number1
DOIs
Publication statusPublished - 2015

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Economic development
Dictator
Economic policy
Political economics
Quality of institutions
Tenure
Dictatorship
Asymmetry of information
Political regime
Economic growth
Inflation
Africa

Keywords

  • panel-data
  • measuring democracy
  • government size
  • cross-section
  • cause growth
  • institutions
  • power
  • democratization
  • instruments
  • countries

Cite this

Papaioannou, K.I. ; van Zanden, J.L. / The dictator effect: how long years in office affect economic development. In: Journal of Institutional Economics. 2015 ; Vol. 11, No. 1. pp. 111-139.
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The dictator effect: how long years in office affect economic development. / Papaioannou, K.I.; van Zanden, J.L.

In: Journal of Institutional Economics, Vol. 11, No. 1, 2015, p. 111-139.

Research output: Contribution to journalArticleAcademicpeer-review

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