Paper #1114
- Título:
- Rain and the democratic window of opportunity
- Autores:
- Markus Brückner y Antonio Ciccone
- Fecha:
- Octubre 2008
- Resumen:
- According to the economic approach to political transitions, transitory negative economic shocks can open a window of opportunity for democratic improvement. Testing the theory requires a source of transitory shocks to the aggregate economy. We use rainfall shocks in Sub-Saharan African countries and find that negative rainfall shocks are followed by significant improvement in democratic institutions. Instrumental variables estimates indicate that following a transitory negative income shock of 1 percent, democracy scores improve by 0.9 percentage points and the probability of a democratic transition increases by 1.3 percentage points.
- Palabras clave:
- Democratization, transitory economic shocks
- Códigos JEL:
- O0, P0
- Área de investigación:
- Macroeconomía y Economía Internacional
- Publicado en:
- Econometrica, 79 (3), 923-947, 2011
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