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The Political Economy of Elections in Latin America, 1980–1991

Published online by Cambridge University Press:  02 September 2013

Karen L. Remmer
Karen L. Remmer
Affiliation:
University of New Mexico
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Abstract

The process of political democratization in Latin America during the 1980s created a rare opportunity to explore the political economy of elections outside of the North Atlantic basin. Using interrupted time-series analysis, I explore the impact of elections on macroeconomic performance in eight Latin American nations. The findings indicate that macroeconomic performance has fluctuated with the electoral calendar but that contrary to the traditional business cycle literature, as well as the conventional wisdom about Latin America, competitive elections have enhanced, rather than undermined, the capacity of political leaders to address outstanding problems of macroeconomic management. The analysis suggests that the relationship between democracy and economics is captured more adequately by a “political capital” model than by its traditional theoretical alternative.

Type
Articles
Information
American Political Science Review , Volume 87 , Issue 2 , June 1993 , pp. 393 - 407
Copyright
Copyright © American Political Science Association 1993

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