Interest Groups, Democracy, and Policy Volatility

11 Pages Posted: 26 Feb 2016

See all articles by Jac C. Heckelman

Jac C. Heckelman

Wake Forest University - Department of Economics

Bonnie Wilson

Saint Louis University - Department of Economics

Multiple version iconThere are 2 versions of this paper

Date Written: April 2016

Abstract

Democratic polities appear to produce more stable policy than do autocracies. In this paper, we explore a potential source of the policy stability observed in democracies: specialā€interest groups. We find that interest groups are associated with greater stability in some measures of policy and that groups mediate the stabilizing impact of democracy on policy. We also find that the impact of interest groups on policy volatility depends on the degree of polarization in a society.

JEL Classification: P16, O43, D7

Suggested Citation

Heckelman, Jac C. and Wilson, Bonnie, Interest Groups, Democracy, and Policy Volatility (April 2016). Contemporary Economic Policy, Vol. 34, Issue 2, pp. 223-233, 2016, Available at SSRN: https://ssrn.com/abstract=2738251 or http://dx.doi.org/10.1111/coep.12118

Jac C. Heckelman (Contact Author)

Wake Forest University - Department of Economics ( email )

P.O. Box 7505
Winston-Salem, NC 27109
United States
(336) 758-5923 (Phone)
(336) 758-6028 (Fax)

HOME PAGE: http://www.wfu.edu/~heckeljc/jac.htm

Bonnie Wilson

Saint Louis University - Department of Economics ( email )

3674 Lindell Boulevard
Saint Louis, MO 63108
United States

HOME PAGE: http://https://sites.google.com/a/slu.edu/bonnie_wilson/

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
0
Abstract Views
299
PlumX Metrics