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Political scientists and economists increasingly agree that institutions may influence economic growth, but there is little general agreement on what institutions tend to produce what consequences. We apply public choice insights for a theoretical analysis that may be termed “Madisonian”:...
Persistent link: https://www.econbiz.de/10009421987
In this paper, we made an attempt to understand the costs and benefits of democracy for economic growth in Pakistan by … analyzing the relationship between democracy and its various measures. Using instrumental variables and RALS (rth … uncertain relationship between democracy and fiscal policy variables like expenditures, revenues and deficit; whereas democracy …
Persistent link: https://www.econbiz.de/10008740584
The recent empirical growth literature has proposed three underlying fundamental determinants of economic growth, namely, physical geography, economic integration, and institutional quality. This paper unpacks the final determinant into both political-economic institutions as well as the...
Persistent link: https://www.econbiz.de/10005836612
There are two innovations in the paper as compared to the previous literature on democracy and growth. First, we … consider not only the level of democracy, but also changes in this level in the 1970s-1990s as measured by increments of … Freedom House political rights indices. Second, the distinction is made between democracy and law and order (order based on …
Persistent link: https://www.econbiz.de/10008543528
level of democracy is taken into account, but also changes in this level in the 1970s-1990s as measured by the political … rights indices of the Freedom House. Second, the distinction is made between the rule of law and democracy, the rule of law …
Persistent link: https://www.econbiz.de/10008543783
represented by Human Development Index (2007) and Human Poverty Index (2006). Democracy Index (2008) and Corruption Perceptions …
Persistent link: https://www.econbiz.de/10008493580
There are two innovations in the paper as compared to the previous literature on democracy and growth. First, we … consider not only the level of democracy, but also changes in this level in the 1970s-1990s as measured by increments of … Freedom House political rights indices. Second, the distinction is made between democracy and law and order (order based on …
Persistent link: https://www.econbiz.de/10008494207
The Freedom House democracy index is often used in regression analysis to estimate the relationship between democratic … relationship between the underlying types of rights and liberties to growth remains unknown. A newer alternative democracy index … developed by Freedom House specifically for the transition nations is compared to the original democracy index. The two are …
Persistent link: https://www.econbiz.de/10008529311
Since the “third wave” of democratization began in 1974, nearly 100 states have adopted democratic forms of government, including, of course, most of the former Soviet bloc nations. Policy-makers in the west have expressed the hope that this democratic wave will extend even further, to the...
Persistent link: https://www.econbiz.de/10005622029
regimes and increases the chances of return to authoritarianism. The instability of democracy also leads to the deterioration … theoretic model that demonstrates instability of democracy under poor institutions and high income inequality. …
Persistent link: https://www.econbiz.de/10008764698