Why are Presidential Regimes Bad for the Economy? - Understanding the Link Between Forms of Government and Economic Outcomes (Hardcover)

Recent evidence suggests that macroeconomic outcomes are inferior in countries operating under presidential regimes compared with those with parliaments, with lower levels of economic growth, higher rates of inflation, and higher levels of income inequality in countries with presidential governments. Despite this, more heads of state look to consolidate and build their executive power. This book considers why presidential regimes, in particular, are so bad for the economy. Throughout the book, the authors comprehensively and simultaneously consider the impact of legal, political, and economic institutions on the mechanisms. It is first demonstrated that presidential countries have (on average) inferior outcomes relative to parliamentary states with respect to these institutions and, moreover, with respect to healthcare and human development indicators. Subsequently, the book explores the impact of constitutional choice (parliamentary versus presidential) on both institutions and macroeconomic outcomes. It is documented that having a presidential regime induces weaker institutions, but that quality institutions can mitigate some of the negative impacts of such regimes.

General

Imprint:	Routledge
Country of origin:	United Kingdom
Series:	Routledge Frontiers of Political Economy
Release date:	December 2022
First published:	2023
Authors:	Richard McManus • Gulcin Ozkan
Dimensions:	216 x 138 x 15mm (L x W x T)
Format:	Hardcover
Pages:	92
ISBN-13:	978-0-367-69286-5
Categories:	Books > Social sciences > Politics & government > General Books > Business & Economics > Economics > Political economy Books > Business & Economics > Economics > Macroeconomics > General Promotions
LSN:	0-367-69286-4
Barcode:	9780367692865

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