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-price-driven) income shocks on democracy. Our results indicate that countries with greater net oil exports over GDP see improvements in … capita GDP growth due to a positive oil price shock increases the Polity democracy score by around 0.2 percentage points on …
Persistent link: https://www.econbiz.de/10011010044
This paper investigates the relation between economic growth and democracy for Côte d’Ivoire for the period 1960 to … economic growth and democracy to move together in the long run, they need to be associated with regime durability. The tests … for causality show long run causality running from GDP per capita and regime durability to democracy. In the short run …
Persistent link: https://www.econbiz.de/10011245957
of GDP growth. The paper finally suggests a positive correlation between democracy and economic development. …
Persistent link: https://www.econbiz.de/10005357744
components in the development of the continent: law, democracy and quality of government. Political regimes of democracy, polity …-stability, regulation quality and rule of law. Findings indicate democracy has an edge over autocracy while the later and polity overlap. A … democracy that takes into account only the voice of the majority is better in government quality than autocracy, while a …
Persistent link: https://www.econbiz.de/10009402041
, which focuses on how democracy, polity and autocracy affect financial development dynamics of depth, efficiency, activity … financial intermediary depth, activity and size. Democracy has important effects on the degree of competition for public offices …-law counterparts. (5) There is evidence of a U-shape relationship between national wealth and the level of democracy, with Low …
Persistent link: https://www.econbiz.de/10009402046
there exists a distribution of resources such that democracy emerges in equilibrium, but there are distributions of … resources for which democracy is infeasible in equilibrium irrespective of the level of development. The model also delivers … results on the stability of democracy with regard to changes in the economic and demographic environment. The results are …
Persistent link: https://www.econbiz.de/10009493564
to the event of becoming a democracy. We find that democratization leads to a more market-based financial system … on financial structure we estimate a separate model and find that democracy matters. We also find that countries with … estimation, alternative measures of democracy and financial structure, and across different samples. …
Persistent link: https://www.econbiz.de/10009644814
development in general, play a positive role on democracy. We also test for the critical junctures hypothesis, or whether … important condition for democracy to mature and survive, which-- in times of a new democratisation wave taking place in …
Persistent link: https://www.econbiz.de/10009647196
development path from monarchy to oligarchy and .nally to democracy with full surage. When it is too costly for any group of …
Persistent link: https://www.econbiz.de/10009365197
whether democracy needs development for its own consolidation. We use a sample of all nine countries that re-democratised in … that income, or development in general, plays a positive role in "sustaining" democracy. Moreover, the exogenous version of … relatively poorer and democracy a rather elusive concept in the region. We also test for the critical junctures hypothesis, or …
Persistent link: https://www.econbiz.de/10010640958