Research Insights: Do the Economic Effects of Constitutions Depend on the Degree of Institutionalization?

If politics is conducted largely outside of formal arenas, political institutions may not play a very large role in determining policy outcomes. We propose a new index of institutionalization to capture how much policymaking takes place in formal arenas. We find that previous conclusions on the economic effects of constitutionally established majoritarian electoral systems and presidential forms of government are applicable only to countries with high levels of institutionalization.

Bibliographic Details

Main Author:	Inter-American Development Bank
Other Authors:	Germán Caruso
Language:	English
Published:	Inter-American Development Bank
Subjects:	Political Economy, Constitution, Political Institution, Public Policy, Elections, Economy, Fiscal Policy, Social Welfare, Public Expenditure, Productivity, Legislature, Government Budget, Budget Management, Economic Policy, D78 - Positive Analysis of Policy Formulation and Implementation, D72 - Political Processes: Rent-Seeking Lobbying Elections Legislatures and Voting Behavior, D73 - Bureaucracy • Administrative Processes in Public Organizations • Corruption, H60 - National Budget Deficit and Debt: General, H62 - Deficit • Surplus, H20 - Taxation Subsidies and Revenue: General, Institutionalization;Composition of Government Expenditures,
Online Access:	http://dx.doi.org/10.18235/0005049 https://publications.iadb.org/en/research-insights-do-economic-effects-constitutions-depend-degree-institutionalization
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