Democracy and Development
A "Partisan" Approach
Keywords:
Democracy, Development, Party Turnover, Partisan ApproachAbstract
For years scholars have tried to find the magic key to Latin American development, mainly through economic theory and economic institutions. In this paper we propose a different approach: we claim that in the long run, the rotation in government of right and left-wing parties favors development. We assume that development combines growth and increased social well-being, that right-wing parties prioritize growth while left-wing parties prioritize social well being, and that there is a trade off between growth and income distribution in the long run. This hypothesis is tested empirically using a simple of 122 countries, using the United Nations’ Human Development Index (HDI) as a proxy for development.
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