The dynamics of within-regime stability: Party tenure and economic performance
International Political Science Review
Published online on July 05, 2013
Abstract
This article investigates the interactive effects of ruling party stability and veto players on economic performance. We show that ruling party duration has an inverted U-shaped relationship with growth when the number of veto players is low, while it has a regular U-shaped relationship when there are more veto players. We find support for these contentions using time-series cross-section data on the economic growth of a sample of 66 democracies between 1975 and 2007.