Empirical linkages between democracy and economic growth
By: Helliwell John F.
Material type:
ArticleSubject(s): Democracy | Economic Development
In:
British Journal of Political ScienceSummary: Using cross-sectional and pooled data for up to 125 countries over the period from 1960 to 1985.This article evaluates the two-way linkages between democracy and economic growth. The effects of imcome on democracy are found to be robust and positive. The effects of several measures of democracy and personal freedoms on growth are assessed in a comparative growth framework in which growth of GDP per adult depends negatively on initial income levels, as implied by the convergence hypothesis, and positively on rates of investment in physical and human capital. Adjusting for the simultaneous determination of income and democracy make the estimated partial effect of democracy on subsequent economic growth negative b
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Articles
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Indian Institute of Public Administration | Available | AR27355 |
Using cross-sectional and pooled data for up to 125 countries over the period from 1960 to 1985.This article evaluates the two-way linkages between democracy and economic growth. The effects of imcome on democracy are found to be robust and positive. The effects of several measures of democracy and personal freedoms on growth are assessed in a comparative growth framework in which growth of GDP per adult depends negatively on initial income levels, as implied by the convergence hypothesis, and positively on rates of investment in physical and human capital. Adjusting for the simultaneous determination of income and democracy make the estimated partial effect of democracy on subsequent economic growth negative b
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