UCL Discovery
UCL home » Library Services » Electronic resources » UCL Discovery

Do government formation deadlocks really damage economic growth? Evidence from history's longest period of government formation impasse

Albalate, D; Bel, G; (2020) Do government formation deadlocks really damage economic growth? Evidence from history's longest period of government formation impasse. Governance , 33 (1) pp. 155-171. 10.1111/gove.12410. Green open access

[thumbnail of A&B GOVERNANCE postprint.pdf]
Preview
Text
A&B GOVERNANCE postprint.pdf - Accepted Version

Download (368kB) | Preview

Abstract

Several countries have experienced lengthy periods of government formation deadlock in recent years, as they have sought to form a new government. This study examines whether government formation deadlocks damage a country's economy. To do so, we analyze the case of Belgium, which took a record 541 days to create a post‐election government, following the June 2010 federal elections. Employing the synthetic control method, our results show that the Belgium economy did not suffer an economic toll; on the contrary, gross domestic product per capita growth was higher than would have otherwise been expected. As such, our evidence contradicts frequent claims that long periods of government formation deadlock negatively affect an economy.

Type: Article
Title: Do government formation deadlocks really damage economic growth? Evidence from history's longest period of government formation impasse
Open access status: An open access version is available from UCL Discovery
DOI: 10.1111/gove.12410
Publisher version: http://dx.doi.org/10.1111/gove.12410
Language: English
Additional information: This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions.
Keywords: CABINET FORMATION, QUALITY, INSTITUTIONS, BELGIUM, POLICIES, IMPACT, PERFORMANCE, LESSONS, REGIONS, REDUCE
UCL classification: UCL
UCL > Provost and Vice Provost Offices > UCL SLASH
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Political Science
URI: https://discovery.ucl.ac.uk/id/eprint/10123058
Downloads since deposit
97Downloads
Download activity - last month
Download activity - last 12 months
Downloads by country - last 12 months

Archive Staff Only

View Item View Item