| Summary: | This paper analyzes the effect of political and economic factors on the risk of regime change in countries between 1975 and 2010, using survival analysis with time-dependent covariates. The findings show that negative economic growth increases the risk of regime change in the following year, and that a higher level of GDP per Capita, as well as international trade, has an inhibiting effect on the risk of regime change in democracies. The results also show that countries with young regimes are more likely to experience a regime change, and that countries with a long tradition of democratic governance suffer virtually no risk of experiencing a regime failure. These findings lend heavy support to the democratic consolidation theory, while giving mixed support to other theories of economic and political causes of regime change. The more generalized approach to regime change used in this paper provides a stepping stone for opening up a greater understanding of the mechanisms which cause regime change in all types of governments, and regardless of the direction of the change in relation to democracy.
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