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POLITICAL REGIME DURABILITY, DEVELOPMENT AND GOVERNANCE: THE ROMANIA’S CASE

Keywords: regime durability , economic development , governance , probit analysis

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Abstract:

The paper analyzes empirically, in Romania’s case, the relationships between political regime durability (dependent variable) and economic development & form of government (independent va-riables). The analysis is based on the construction of a linear “Probit Model” and the data set is covering the period 1926-2007. The main results show that, in Romania, the political regime longevity is one in which the demo-cratic system is very strong, the economic development is high and the state is organized in the form of monarchy. By exception, a political regime may have longevity even if the political system is dictatorial, the economic development is insignificant and the state organization (monarchy or republic) has minimal influence.

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