1st Edition

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

By Richard McManus, Gulcin Ozkan Copyright 2023
100 Pages 14 B/W Illustrations
by Routledge

100 Pages 14 B/W Illustrations
by Routledge

100 Pages 14 B/W Illustrations
by Routledge

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... Read more
1. Introduction and overview 2. Constitutions, form of government, and macroeconomic outcomes 3. Forms of government and political, legal, and economic institutions 4. How do constitutions influence macroeconomic outcomes? 5. Discussion and conclusions

Biography

Dr Richard McManus is Director of Research Development at Christ Church Business School and is Reader in Macroeconomic Policy. His main research interests are in the area of the impact of government on macroeconomic outcomes.

Gulcin Ozkan is Professor of Finance at King’s College, London. Her research focuses on the intersection of macroeconomics and finance covering issues such as financial crises, financial stability, monetary and macroprudential policies, emerging markets, public debt, fiscal policy, and financial constraints, and the economics of constitutions.