Borrowed Time: Sovereign Finance, Regime Type, and Leader Survival. (28th September 2016)

• Record Type: Journal Article
• Authors: DiGiuseppe, Matthew; Shea, Patrick E.
• Is Part Of: Economics & politics. Volume 28:Number 3(2016:Nov.)
• Page Start: 342
• Page End: 367
• Publication Date: 2016-09-28
• Subjects: Economic policy -- Periodicals; Political science -- Periodicals; 330.9
• DOI: 10.1111/ecpo.12081
• Languages: English
• ISSNs: 0954-1985

Abstract

Abstract : This study explores the conditional influence of sovereign credit on leader survival. We specifically focus on credit's heterogeneous effect on leadership survival across regimes. We argue that non‐democratic leaders are more sensitive to credit access and cost than democratic leadership. We use event history analysis to test the conditional relationship between sovereign credit and leader tenure from 1981 to 2004. Examining both domestic and global determinants of credit access and costs, our findings are consistent with the assertion that non‐democratic leadership survival is linked to credit even when addressing issues of endogeneity.