Measuring political rivalry and estimating its effect on economic growth
Autor(a) principal: | |
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Data de Publicação: | 2017 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/1822/44843 |
Resumo: | In this paper we construct a composite indicator of political rivalry using factor analysis and then build a panel dataset of political rivalry levels for 125 countries during the 1984-2012 period. According to the factor analysis results, while specific institutional quality aspects are fundamental for defining the degree of political rivalry, political regime specific variables and natural resources rents do not appear significant. A preliminary analysis of the constructed indicator shows that political rivalry is clearly inversely related to the level of development, and that there are significant differences in political rivalry levels among countries, depending on their income and geographical location. The results of system-GMM estimations of the effect of political rivalry on economic growth clearly indicate a negative effect, which is equally maintained when other political and institutional variables are simultaneously considered, and when the model is tested on a number of restricted samples, thus confirming the robustness of the baseline results. Additionally, regression results for the restricted samples suggest that the negative effect of political rivalry on growth weakens as the development level increases. |
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Measuring political rivalry and estimating its effect on economic growthPolitical rivalryEconomic growthPolicital competitionFactor analysisCiências Sociais::Economia e GestãoIn this paper we construct a composite indicator of political rivalry using factor analysis and then build a panel dataset of political rivalry levels for 125 countries during the 1984-2012 period. According to the factor analysis results, while specific institutional quality aspects are fundamental for defining the degree of political rivalry, political regime specific variables and natural resources rents do not appear significant. A preliminary analysis of the constructed indicator shows that political rivalry is clearly inversely related to the level of development, and that there are significant differences in political rivalry levels among countries, depending on their income and geographical location. The results of system-GMM estimations of the effect of political rivalry on economic growth clearly indicate a negative effect, which is equally maintained when other political and institutional variables are simultaneously considered, and when the model is tested on a number of restricted samples, thus confirming the robustness of the baseline results. Additionally, regression results for the restricted samples suggest that the negative effect of political rivalry on growth weakens as the development level increases.Comperte 2020, Feder, Portugal 2020, FCTUniversidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE)Universidade do MinhoSochirca, ElenaVeiga, Francisco José2017-022017-02-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/1822/44843engSochirca, Elena e Francisco José Veiga, "Measuring political rivalry and estimating its effect on economic growth", NIPE - WP 04/2017.info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-07-21T12:42:41Zoai:repositorium.sdum.uminho.pt:1822/44843Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T19:39:59.289947Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Measuring political rivalry and estimating its effect on economic growth |
title |
Measuring political rivalry and estimating its effect on economic growth |
spellingShingle |
Measuring political rivalry and estimating its effect on economic growth Sochirca, Elena Political rivalry Economic growth Policital competition Factor analysis Ciências Sociais::Economia e Gestão |
title_short |
Measuring political rivalry and estimating its effect on economic growth |
title_full |
Measuring political rivalry and estimating its effect on economic growth |
title_fullStr |
Measuring political rivalry and estimating its effect on economic growth |
title_full_unstemmed |
Measuring political rivalry and estimating its effect on economic growth |
title_sort |
Measuring political rivalry and estimating its effect on economic growth |
author |
Sochirca, Elena |
author_facet |
Sochirca, Elena Veiga, Francisco José |
author_role |
author |
author2 |
Veiga, Francisco José |
author2_role |
author |
dc.contributor.none.fl_str_mv |
Universidade do Minho |
dc.contributor.author.fl_str_mv |
Sochirca, Elena Veiga, Francisco José |
dc.subject.por.fl_str_mv |
Political rivalry Economic growth Policital competition Factor analysis Ciências Sociais::Economia e Gestão |
topic |
Political rivalry Economic growth Policital competition Factor analysis Ciências Sociais::Economia e Gestão |
description |
In this paper we construct a composite indicator of political rivalry using factor analysis and then build a panel dataset of political rivalry levels for 125 countries during the 1984-2012 period. According to the factor analysis results, while specific institutional quality aspects are fundamental for defining the degree of political rivalry, political regime specific variables and natural resources rents do not appear significant. A preliminary analysis of the constructed indicator shows that political rivalry is clearly inversely related to the level of development, and that there are significant differences in political rivalry levels among countries, depending on their income and geographical location. The results of system-GMM estimations of the effect of political rivalry on economic growth clearly indicate a negative effect, which is equally maintained when other political and institutional variables are simultaneously considered, and when the model is tested on a number of restricted samples, thus confirming the robustness of the baseline results. Additionally, regression results for the restricted samples suggest that the negative effect of political rivalry on growth weakens as the development level increases. |
publishDate |
2017 |
dc.date.none.fl_str_mv |
2017-02 2017-02-01T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/1822/44843 |
url |
http://hdl.handle.net/1822/44843 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
Sochirca, Elena e Francisco José Veiga, "Measuring political rivalry and estimating its effect on economic growth", NIPE - WP 04/2017. |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Universidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE) |
publisher.none.fl_str_mv |
Universidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE) |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799132942905114624 |