Patient Democracies?

38 Pages Posted: 11 Mar 2020

See all articles by Sára Khayouti

Sára Khayouti

University of Amsterdam

Hubert Janos Kiss

Hungarian Academy of Sciences (HAS) - Institute of Economics CERS-HAS (IEHAS); Corvinus University of Budapest

Daniel Horn

Hungarian Academy of Sciences (HAS) - Institute of Economics CERS-HAS (IEHAS)

Date Written: February 19, 2020

Abstract

We test if the political regime of a country associates with the patience of the citizens. Recent findings indicate that i) more democratic countries tend have higher growth, and ii) patience correlates positively with economic development, suggesting a potential link between the political regime and patience. We document a positive association between the level of democracy and patience for most of the political regime indices that we use, even after controlling for region, economic development, geographical conditions and culture. We report some evidence that political participation is behind our findings.

Keywords: democracy, patience, political regime, time preferences

JEL Classification: D02, D12

Suggested Citation

Khayouti, Sára and Kiss, Hubert Janos and Horn, Daniel, Patient Democracies? (February 19, 2020). Available at SSRN: https://ssrn.com/abstract=3540729 or http://dx.doi.org/10.2139/ssrn.3540729

Sára Khayouti

University of Amsterdam ( email )

Spui 21
Amsterdam, 1018 WB
Netherlands

Hubert Janos Kiss (Contact Author)

Hungarian Academy of Sciences (HAS) - Institute of Economics CERS-HAS (IEHAS) ( email )

Budaorsi ut 45
Budapest, 1112
Hungary

Corvinus University of Budapest

Hungary

Daniel Horn

Hungarian Academy of Sciences (HAS) - Institute of Economics CERS-HAS (IEHAS) ( email )

Budaorsi ut 45
Budapest, 1112
Hungary

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