Why are presidential regimes bad for the economy? Understanding the link between forms of government and economic outcomes

Book


McManus, R. and Ozkan, G. 2022. Why are presidential regimes bad for the economy? Understanding the link between forms of government and economic outcomes. Abingdon Routledge.
AuthorsMcManus, R. and Ozkan, G.
Abstract

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.

KeywordsGovernments; Economics; Politics; Presidential regimes
Year2022
PublisherRoutledge
Output statusPublished
Publication dates
PrintDec 2022
Publication process dates
Deposited18 Jan 2023
Place of publicationAbingdon
ISBN9780367692865
Permalink -

https://repository.canterbury.ac.uk/item/93941/why-are-presidential-regimes-bad-for-the-economy-understanding-the-link-between-forms-of-government-and-economic-outcomes

  • 3
    total views
  • 0
    total downloads
  • 3
    views this month
  • 0
    downloads this month

Export as

Related outputs

Assessing e-Government maturity using country-level data: a fsQCA analysis
McManus, R. 2022. Assessing e-Government maturity using country-level data: a fsQCA analysis.
Managing public debt in the UK
McManus, R., Ozkan, G. and Trzeciakiewicz, D. 2022. Managing public debt in the UK. CESifo Forum. 2022 (1).
Measuring research excellence amongst economics lecturers in the UK
McManus, Richard, Mumford, K. and Sechel, Cristina 2021. Measuring research excellence amongst economics lecturers in the UK. Bulletin of Economic Research. 74 (2), pp. 386-404. https://doi.org/10.1111/boer.12299
Fiscal space and the procyclicality of fiscal policy: the case for making hay while the sun shines
Ahmad, Asif, McManus, Richard and Ozkan, F. Gulcin 2021. Fiscal space and the procyclicality of fiscal policy: the case for making hay while the sun shines. Economic Inquiry. 59 (4), pp. 1687-1701. https://doi.org/10.1111/ecin.13008
Improving drinking water quality in S. Korea: A choice experiment with hypothetical bias treatments
McManus, R., Gschwandtner, A. and Jang, C. 2020. Improving drinking water quality in S. Korea: A choice experiment with hypothetical bias treatments. Water. 12, pp. 1-31. https://doi.org/10.3390/w12092569
SROI in the art gallery: valuing social impact
Jackson, A. and McManus, R. 2019. SROI in the art gallery: valuing social impact. Cultural Trends. 28 (2). https://doi.org/10.1080/09548963.2019.1617937
Tourism boycotts and animosity: a study of seven events
Yu, Q., McManus, R., Yen, D. and Liu, X. 2019. Tourism boycotts and animosity: a study of seven events. Annals of Tourism Research. https://doi.org/10.1016/j.annals.2019.102792
Why are fiscal multipliers asymmetric? The role of credit constraints
McManus, R., Ozkan, G. and Trzeciakiewicz, D. 2019. Why are fiscal multipliers asymmetric? The role of credit constraints. Economica. 88 (349), pp. 32-69. https://doi.org/10.1111/ecca.12340
Fiscal trade-offs: the relationship between output and debt in policy interventions
McManus, R. 2018. Fiscal trade-offs: the relationship between output and debt in policy interventions. The Manchester School. 86 (S1). https://doi.org/10.1111/manc.12241
Who does better for the economy? Presidents versus parliamentary democracies
McManus, R. and Ozkan, G. 2018. Who does better for the economy? Presidents versus parliamentary democracies. Public Choice. 176 (3-4), pp. 361-387.
Expansionary contractions and fiscal free lunches: too good to be true?
McManus, R., Ozkan, F. and Trzeciakiewicz, D. 2017. Expansionary contractions and fiscal free lunches: too good to be true? The Scandinavian Journal Of Economics. https://doi.org/10.1111/sjoe.12269
The broken decade: prosperity, depression and recovery in New Zealand, 1928-39 by Malcolm McKinnon (Otago University Press, Dunedin)
McManus, R. 2017. The broken decade: prosperity, depression and recovery in New Zealand, 1928-39 by Malcolm McKinnon (Otago University Press, Dunedin). The Economic Record. 93 (302), pp. 504-505. https://doi.org/10.1111/1475-4932.12361
A methodology to understand student choice of Higher Education Institutions: the case of the United Kingdom
McManus, R., Haddock-Fraser, J. and Rands, P. 2017. A methodology to understand student choice of Higher Education Institutions: the case of the United Kingdom. Journal of Higher Education Policy and Management. https://doi.org/10.1080/1360080X.2017.1330806
Assessment timing: student preferences and its impact on performance
McManus, R. 2016. Assessment timing: student preferences and its impact on performance. Practitioner Research in Higher Education Journal - Assessment Special Edition. 10 (1), pp. 203-216.
UK pension sustainability and fund manager governance: agent duties to the principal
Shevchenko, K., McManus, R. and Haddock-Fraser, J. 2015. UK pension sustainability and fund manager governance: agent duties to the principal. Journal of Sustainable Finance and Investment. 54 (4), pp. 205-209. https://doi.org/10.1080/20430795.2015.1106209
Austerity versus stimulus: the polarizing effect of fiscal policy
McManus, R. 2015. Austerity versus stimulus: the polarizing effect of fiscal policy. Oxford Economics Papers. https://doi.org/10.1093/oep/gpv023
On the consequences of procyclical fiscal policy
McManus, R. and Ozkan, G. 2015. On the consequences of procyclical fiscal policy. Fiscal Studies. 36 (1), pp. 29-50. https://doi.org/10.1111/j.1475-5890.2015.12044.x