Jimmy Breeze's personal annotations on this page
Chrishp bookmarked
on 2009-10-31
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Strikingly, the authors contend that “dirty elections are bad for economic growth by skewing politicians’ incentives.” This is because, they find, good economic performance makes a huge difference to an incumbent’s chance of re-election whether the vote is free or rigged, adding about three years’ to his or her tenure. Although economic success wins rewards in both systems, in clean ones, it adds 40% to a president’s time, whereas in dirty ones, the rewards of growth are swamped by those of rigging, which more than doubles the time in power. So rigging makes the economy less important to a president’s future—a rejoinder to the Chinese claim that in developing countries “managed democracy” is better for growth than an electoral free-for-all.
This link has been bookmarked by 1 people . It was first bookmarked on 31 Oct 2009, by Jimmy Breeze.
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Strikingly, the authors contend that “dirty elections are bad for economic growth by skewing politicians’ incentives.” This is because, they find, good economic performance makes a huge difference to an incumbent’s chance of re-election whether the vote is free or rigged, adding about three years’ to his or her tenure. Although economic success wins rewards in both systems, in clean ones, it adds 40% to a president’s time, whereas in dirty ones, the rewards of growth are swamped by those of rigging, which more than doubles the time in power. So rigging makes the economy less important to a president’s future—a rejoinder to the Chinese claim that in developing countries “managed democracy” is better for growth than an electoral free-for-all.
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