Who does better for the economy? Presidents versus parliamentary democracies

Fatma Gulcin Ozkan, Richard McManus

Research output: Contribution to journalArticle

8 Citations (Scopus)
125 Downloads (Pure)


Are certain forms of government associated with superior economic outcomes? This paper attempts to answer that question by examining how government systems influence macroeconomic performance. We find that presidential regimes consistently are associated with less favorable outcomes than parliamentary regimes: slower output growth, higher and more volatile inflation and greater income inequality. Moreover, the magnitude of the effect is sizable. For example, annual output growth is between 0.6 and 1.2 percentage points lower and inflation is estimated to be at least four percentage points higher under presidential regimes relative to those under parliamentary ones. The difference in distributional outcomes is even starker; income inequality is 12 to 24% worse under presidential systems.
Original languageEnglish
Pages (from-to)361-387
Issue number3
Early online date2 May 2018
Publication statusPublished - 1 Sept 2018


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