The golden hello and political transitions
We analyze the influence of IMF and World Bank programs on political regime transitions. We develop an extended version of Acemoglu and Robinson’s [American Economic Review 91, 2001] model of political transitions to show how the anticipation of new loans from international financial institutions ca...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English English |
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Elsevier
2018
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| Online Access: | https://eprints.nottingham.ac.uk/42864/ |
| _version_ | 1848796587860426752 |
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| author | Aidt, Toke S. Albornoz, Facundo Gassebner, Martin |
| author_facet | Aidt, Toke S. Albornoz, Facundo Gassebner, Martin |
| author_sort | Aidt, Toke S. |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | We analyze the influence of IMF and World Bank programs on political regime transitions. We develop an extended version of Acemoglu and Robinson’s [American Economic Review 91, 2001] model of political transitions to show how the anticipation of new loans from international financial institutions can trigger political transitions which would not otherwise have taken place. We test this unexplored implication of the theory empirically. We find that the anticipation of receiving new loan programs immediately after a political regime transition increases the probability of a transition from autocracy to democracy and reduces the probability of democratic survival. |
| first_indexed | 2025-11-14T19:50:22Z |
| format | Article |
| id | nottingham-42864 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| language | English English |
| last_indexed | 2025-11-14T19:50:22Z |
| publishDate | 2018 |
| publisher | Elsevier |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-428642019-03-30T04:30:12Z https://eprints.nottingham.ac.uk/42864/ The golden hello and political transitions Aidt, Toke S. Albornoz, Facundo Gassebner, Martin We analyze the influence of IMF and World Bank programs on political regime transitions. We develop an extended version of Acemoglu and Robinson’s [American Economic Review 91, 2001] model of political transitions to show how the anticipation of new loans from international financial institutions can trigger political transitions which would not otherwise have taken place. We test this unexplored implication of the theory empirically. We find that the anticipation of receiving new loan programs immediately after a political regime transition increases the probability of a transition from autocracy to democracy and reduces the probability of democratic survival. Elsevier 2018-03-31 Article PeerReviewed application/pdf en cc_by_nc_nd https://eprints.nottingham.ac.uk/42864/8/Golden%20Hello%202017%20final.pdf application/pdf en https://eprints.nottingham.ac.uk/42864/1/Aidt_Albornoz_Gassebner%20%281%29.pdf Aidt, Toke S., Albornoz, Facundo and Gassebner, Martin (2018) The golden hello and political transitions. Journal of Comparative Economics, 46 (1). pp. 157-173. ISSN 0147-5967 Political transitions; Democracy; Autocracy; IMF; World bank http://www.sciencedirect.com/science/article/pii/S0147596717300276 doi:10.1016/j.jce.2017.03.004 doi:10.1016/j.jce.2017.03.004 |
| spellingShingle | Political transitions; Democracy; Autocracy; IMF; World bank Aidt, Toke S. Albornoz, Facundo Gassebner, Martin The golden hello and political transitions |
| title | The golden hello and political transitions |
| title_full | The golden hello and political transitions |
| title_fullStr | The golden hello and political transitions |
| title_full_unstemmed | The golden hello and political transitions |
| title_short | The golden hello and political transitions |
| title_sort | golden hello and political transitions |
| topic | Political transitions; Democracy; Autocracy; IMF; World bank |
| url | https://eprints.nottingham.ac.uk/42864/ https://eprints.nottingham.ac.uk/42864/ https://eprints.nottingham.ac.uk/42864/ |