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Why are Presidential Regimes Bad for the Economy? - Understanding the Link Between Forms of Government and Economic Outcomes (Hardcover)
Loot Price: R1,436
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Why are Presidential Regimes Bad for the Economy? - Understanding the Link Between Forms of Government and Economic Outcomes (Hardcover)
Series: Routledge Frontiers of Political Economy
Expected to ship within 9 - 15 working days
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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.
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