Leader Value Added

Previous literature suggests that leaders matter for growth in general. This paper asks which leaders matter and develops a methodology to estimate the growth contribution of individual leaders and calculate its precision. The findings show that few leaders have statistically significant contributions; it is difficult to know who is good for growth and who is not. The paper also finds that the most intuitive estimate of a leader’s contribution—the average growth rate during tenure—is largely useless for measuring his or her true contribution. Consequently, many leaders with statistically significant growth effects are surprises. Moreover, leaders in non-democratic countries are no more likely to be statistically significant than leaders in democratic ones.

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Bibliographic Details
Main Authors: Easterly, William, Pennings, Steven
Format: Working Paper biblioteca
Language:English
Published: World Bank, Washington, DC 2020-04
Subjects:NATIONAL LEADERS, ECONOMIC GROWTH, TEACHER VALUE-ADDED, POLITICAL ECONOMY, DEMOCRACY,
Online Access:http://documents.worldbank.org/curated/en/787101587041484119/Leader-Value-Added-Assessing-the-Growth-Contribution-of-Individual-National-Leaders
https://hdl.handle.net/10986/33609
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