Leader Value Added : Assessing the Growth Contribution of Individual National Leaders

Previous literature suggests that leaders matter for growth in general. This paper asks which leaders matter and develops a methodology to estimate the growth contribution of individual leaders and calculate its precision. The findings show that few leaders have statistically significant contrib...

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Main Authors:	Easterly, William, Pennings, Steven
Format:	Working Paper
Language:	English
Published:	World Bank, Washington, DC 2020
Subjects:	NATIONAL LEADERS ECONOMIC GROWTH TEACHER VALUE-ADDED POLITICAL ECONOMY DEMOCRACY
Online Access:	http://documents.worldbank.org/curated/en/787101587041484119/Leader-Value-Added-Assessing-the-Growth-Contribution-of-Individual-National-Leaders http://hdl.handle.net/10986/33609

id	okr-10986-33609
recordtype	oai_dc
spelling	okr-10986-336092022-09-20T00:12:38Z Leader Value Added : Assessing the Growth Contribution of Individual National Leaders Easterly, William Pennings, Steven NATIONAL LEADERS ECONOMIC GROWTH TEACHER VALUE-ADDED POLITICAL ECONOMY DEMOCRACY Previous literature suggests that leaders matter for growth in general. This paper asks which leaders matter and develops a methodology to estimate the growth contribution of individual leaders and calculate its precision. The findings show that few leaders have statistically significant contributions; it is difficult to know who is good for growth and who is not. The paper also finds that the most intuitive estimate of a leader’s contribution—the average growth rate during tenure—is largely useless for measuring his or her true contribution. Consequently, many leaders with statistically significant growth effects are surprises. Moreover, leaders in non-democratic countries are no more likely to be statistically significant than leaders in democratic ones. 2020-04-16T20:02:12Z 2020-04-16T20:02:12Z 2020-04 Working Paper http://documents.worldbank.org/curated/en/787101587041484119/Leader-Value-Added-Assessing-the-Growth-Contribution-of-Individual-National-Leaders http://hdl.handle.net/10986/33609 English Policy Research Working Paper;No. 9215 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	NATIONAL LEADERS ECONOMIC GROWTH TEACHER VALUE-ADDED POLITICAL ECONOMY DEMOCRACY
spellingShingle	NATIONAL LEADERS ECONOMIC GROWTH TEACHER VALUE-ADDED POLITICAL ECONOMY DEMOCRACY Easterly, William Pennings, Steven Leader Value Added : Assessing the Growth Contribution of Individual National Leaders
relation	Policy Research Working Paper;No. 9215
description	Previous literature suggests that leaders matter for growth in general. This paper asks which leaders matter and develops a methodology to estimate the growth contribution of individual leaders and calculate its precision. The findings show that few leaders have statistically significant contributions; it is difficult to know who is good for growth and who is not. The paper also finds that the most intuitive estimate of a leader’s contribution—the average growth rate during tenure—is largely useless for measuring his or her true contribution. Consequently, many leaders with statistically significant growth effects are surprises. Moreover, leaders in non-democratic countries are no more likely to be statistically significant than leaders in democratic ones.
format	Working Paper
author	Easterly, William Pennings, Steven
author_facet	Easterly, William Pennings, Steven
author_sort	Easterly, William
title	Leader Value Added : Assessing the Growth Contribution of Individual National Leaders
title_short	Leader Value Added : Assessing the Growth Contribution of Individual National Leaders
title_full	Leader Value Added : Assessing the Growth Contribution of Individual National Leaders
title_fullStr	Leader Value Added : Assessing the Growth Contribution of Individual National Leaders
title_full_unstemmed	Leader Value Added : Assessing the Growth Contribution of Individual National Leaders
title_sort	leader value added : assessing the growth contribution of individual national leaders
publisher	World Bank, Washington, DC
publishDate	2020
url	http://documents.worldbank.org/curated/en/787101587041484119/Leader-Value-Added-Assessing-the-Growth-Contribution-of-Individual-National-Leaders http://hdl.handle.net/10986/33609
_version_	1764479135252480000

Leader Value Added : Assessing the Growth Contribution of Individual National Leaders

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