The democratic transition: Short-run and long-run causality between income and the gastil index

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Autor/in:
Erscheinungsjahr:
2012
Medientyp:
Text
Schlagworte:
  • Economic freedom
  • Democracy
  • Income inequality
  • Monetary Policy
  • Economic Growth
  • Exports
  • instrumental variables
  • biogeography
  • democracy
  • paths of development
  • causality
  • Economic freedom
  • Democracy
  • Income inequality
  • Monetary Policy
  • Economic Growth
  • Exports
Beschreibung:
  • This article considers the transformation of the political system as countries pass through the Grand Transition from being a poor developing country to a wealthy developed country. In the process, most countries change from an authoritarian to a democratic political system, as measured by the Gastil index from Freedom House. The basic pattern of correlations reveals that a good deal of the short-to-medium-run causality appears to be from democracy to income. However, the long-run causality is from income to democracy, as shown by instrumenting income with a set of extreme measures of biogeography. The long-run result survives various robustness tests. The article explains how the Grand Transition view resolves the seeming contradiction between the long-run and the short-to-medium-run effects.
Lizenz:
  • info:eu-repo/semantics/restrictedAccess
Quellsystem:
Forschungsinformationssystem der UHH

Interne Metadaten
Quelldatensatz
oai:www.edit.fis.uni-hamburg.de:publications/ff8331bd-e612-4068-8a4b-960d953a4510