Download or read book The Inter linkages Between Democracy and Per Capita GDP Growth written by Madeeha Gohar Qureshi and published by . This book was released on 2012 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Growth of GDP per capita and Democracy A Simultaneous Equation Generalized Probit Model written by Katharina Böhm-Klamt and published by GRIN Verlag. This book was released on 2017-12-18 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2015 in the subject Economics - Economic Cycle and Growth, grade: 1, Vienna University of Economics and Business (Institut für Makroökonomie), language: English, abstract: The paper examines a potential reverse causality between the growth of GDP per capita and Democracy (data from Policy IV project). Therefore, a simultaneous equation generalized probit model is used. In the first step, the model is estimated under the assumption that the relationship between economic growth and democracy is linear and in the second step under the assumption the relationship is quadratic. Additional exogenous variables are the degree of urbanization, the age of the regime and the percentage of non-fuel exports in total exports. Further, the influence of religion is taken into account, whereby religion and ethnicity are distinguished. It is observed that the ethnical fragmentation has the opposite effect of religious fragmentation. The outcomes suggest that economic growth and the degree of a country ́s democratization indeed are mutually dependent and should not be treated as independent. Additional the outcomes confirm the idea that the relationship between growth and democracy is quadratic.
Download or read book Empirical Linkages Between Democracy and Economic Growth written by John F. Helliwell and published by . This book was released on 1992 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Income and Democracy written by Anke Hoeffler and published by International Monetary Fund. This book was released on 2012-12-17 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: We revisit Lipset‘s law, which posits a positive and significant relationship between income and democracy. Using dynamic and heterogeneous panel data estimation techniques, we find a significant and negative relationship between income and democracy: higher/lower incomes per capita hinder/trigger democratization. Decomposing overall income per capita into its resource and non-resource components, we find that the coefficient on the latter is positive and significant while that on the former is significant but negative, indicating that the role of resource income is central to the result.
Download or read book Economic Democracy written by Frank DiMeglio and published by Universal-Publishers. This book was released on 2007-09-26 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: How a nation or region develops is infallibly linked to how well it can deliver ideas, information and data throughout its population. The greater the freedom to send, receive and synthesize information, the more likely a given country is to have a higher standard of living as measured by per capita income and other economic indicators. This study demonstrates that the economic development of a nation or region is connected to its ability to transport said intelligence in a highly expeditious and economic manner. Without this ability, technological development and the exchange / flow of ideas are intrinsically hampered and directly impacts economic development. In order to demonstrate this thesis, nations were classified via their respective technology IQ s or information quotient. This IQ is ascertained by several info centric technological variables that drive the flow of information and the freedom of market development / interaction. The information quotient s interactive nature, demonstrated via its close association with business, educational and social development, earmarks it as a refined predictor of technology growth hence economic power. There are four major info centric determinants (variables) that make up a nation s technology IQ: 1. Teledensity (Td) - the number of telephone lines (not phones) per 100 population. Teledensity represents fundamental communications, which is essential for the distribution of wealth and ideas. It is a consumer building block via the development of markets and the creation of economic reach. A telephone is useless unless connected to a network via a trunk. A trunk or service line can be explained as a portal to the outside world. Teledensity is not a metric of telephones but is a ratio of telephone stations to main lines. 2. Internet Density (Id) the number of Internet users divided by population times 100. Remember, Internet users need access to the outside world via a phone line or other data link. By definition, Internet utilization / development follows telephony development. This variable can be associated with increased business efficiency. It is a major factor to reducing costs within the business to business and e-commerce arena. This thesis invokes that Internet usage vastly increases consumerism outside national / regional boundaries thus expanding avenues of opportunity for growth and wealth creation on a global scale. 3. Cable Density (Cd) can bring broadband (high speed) capability to large segments of the populace and business communities. (Especially, small to medium sized business concerns). Cable is the life line of high speed interactive, secure communications. Its potential to bring accelerated growth to communities is exponential. Cd is calculated by taking the number of households divided by population times 100. Still it is important to issue a word of caution regarding cable density. In many less developed nations the cable infrastructure is old and used for one way CATV transmission. Upgrading to carry interactive voice and data could be prohibitive. 4. Finally, Wireless Density (Wd) represents number of cellular lines per 100 population. Unlike regular telephones, that can share a given line, each activated cellular phone, by definition, represents a line. Wireless or un-tethered communications represents time and execution efficiency for both business and consumer segments. It can also provide fundamental communications for developing nations that do not have a regular telephone network. Cellular Density may be a strong indicator of quick start economic growth but this remains to be seen. Cellular communication lacks speed, security, range and voice clarity. Secure data mobility, in the future, can expand business efficiency and further reduce communication, travel and data content to utilization costs. It is the next step associated with interactive Internet utilization as businesses and consumers become increasing mobile and self s
Download or read book Stylized Facts of Democratization and Economic Growth in the Long Term written by Domenico Rossignoli and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Do democracy and economic growth exerts similar patterns in the long-run? This paper systematically examines the processes of democratization and Real GDP per capita growth and highlights the existence of common patterns, classified into four groups according to an originally developed taxonomy: synergic success, erratic democratization, synergic failure and authoritarian growth. The analysis, accomplished both in a static and in a dynamic framework, shows that synergic success is the strikingly prevailing outcome in the long-run. The results are robust to different data sources and time-spans (1972-2010; 1980-2010; 1960-2010). The present analysis embodies an important advantage, i.e. the possibility of bypassing the challenge of defining democracy according to arbitrary thresholds in quantitative indices: the focus is in fact on the process of political development (along an ideal continuum from autocracy to democracy) rather than on its final output. Finally, the paper offers a tentative exploration of the potential role of conflicts and region-specific characteristics in affecting the outcome of the democracy/growth relationship.
Download or read book Research Handbook on Democracy and Development written by Gordon Crawford and published by Edward Elgar Publishing. This book was released on 2021-03-26 with total page 576 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exploring and updating the controversial debates about the relationship between democracy and development, this Research Handbook provides clarification on the complex and nuanced interlinkages between political regime type and socio-economic development. Distinguished scholars examine a broad range of issues from multidisciplinary perspectives across Africa, Asia, Europe, Latin America and the Middle East.
Download or read book Democracy and an Open Economy World Order written by George C. Bitros and published by Springer. This book was released on 2017-04-12 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: The essays in this volume explore several key issues facing democracies today. They discuss the dilemma of how to protect civil liberties and individual freedoms in the light of external threats and assess the policies adopted by governments in this area. The book also addresses the question of how free, exactly, free markets should be in an economy in order to secure social peace, before going on to highlight the rudiments of the model of social market economy, as applied in Germany. It examines the problem of the democratic and legitimacy deficits that beset European integration and suggests reforms for a more democratic European Union. Last but not least, by looking back in history, they provide evidence and propose policies for the revitalization of institutions in present-day democracies. The book is of considerable interest to researchers and students in economics and political science, as well as to readers who wish to gain insights into the thorny social issues involved.
Download or read book Democracy Governance and Growth written by Stephen F. Knack and published by University of Michigan Press. This book was released on 2003 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: Demonstrates the importance of governance and social institutions to economic performance
Download or read book Democracy and Development written by A. Bagchi and published by Springer. This book was released on 1995-10-13 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: The relationship between economic development and political systems is of major importance in today's rapidly changing world. This is the issue addressed in this volume by an international team of academics drawn from the social sciences. The chapters range from a theoretical exploration of the measurement of development and collective well-being under both democracy and dictatorship to case studies of the workings of different political regimes around the world. Of particular interest are models of political and economic equilibrium in procedural democracies and the detailed exploration of the working of economic systems that have operated as formal democracies for some time. Specialists in comparative analysis will find the chapters on the prospects for democracy and development in countries such as China, South Africa and eastern Europe of special interest.
Download or read book One Road to Riches written by Haakon Gjerløw and published by Cambridge University Press. This book was released on 2022-04-07 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: Building effective state institutions before introducing democracy is widely presumed to improve different development outcomes. Conversely, proponents of this “stateness-first” argument anticipate that democratization before state building yields poor development outcomes. In this Element, we discuss several strong assumptions that (different versions of) this argument rests upon and critically evaluate the existing evidence base. In extension, we specify various observable implications. We then subject the stateness-first argument to multiple tests, focusing on economic growth as an outcome. First, we conduct historical case studies of two countries with different institutional sequencing histories, Denmark and Greece, and assess the stateness-first argument (e.g., by using a synthetic control approach). Thereafter, we draw on an extensive global sample of about 180 countries, measured across 1789–2019 and leverage panel regressions, preparametric matching, and sequence analysis to test a number of observable implications. Overall, we find little evidence to support the stateness-first argument.
Download or read book Why are Presidential Regimes Bad for the Economy written by Richard McManus and published by Taylor & Francis. This book was released on 2022-12-27 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent evidence suggests that macroeconomic outcomes are inferior in countries operating under presidential regimes compared with those with parliaments, with lower levels of economic growth, higher rates of inflation, and higher levels of income inequality in countries with presidential governments. Despite this, more heads of state look to consolidate and build their executive power. This book considers why presidential regimes, in particular, are so bad for the economy. Throughout the book, the authors comprehensively and simultaneously consider the impact of legal, political, and economic institutions on the mechanisms. It is first demonstrated that presidential countries have (on average) inferior outcomes relative to parliamentary states with respect to these institutions and, moreover, with respect to healthcare and human development indicators. Subsequently, the book explores the impact of constitutional choice (parliamentary versus presidential) on both institutions and macroeconomic outcomes. It is documented that having a presidential regime induces weaker institutions, but that quality institutions can mitigate some of the negative impacts of such regimes.
Download or read book Three Essays on Democratic Capital and Per Capita Income written by Raymond S. K. Attawia and published by . This book was released on 2016 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: The correlation between incomes and democracy is well documented, but the exact nature of the relationship and direction of causation, if any, is still being debated. The empirical conceptualization of democracy to include the accumulation over time of social and political infrastructure upon which economic policy is devised and implemented is a novel and promising approach. We present three essays that extend our understanding of the relationship between democracy, expressed as "democratic capital," and economic growth.
Download or read book Reevaluating the Modernization Hypothesis written by Daron Acemoglu and published by . This book was released on 2011 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper revisits and critically reevaluates the widely-accepted modernization hypothesis which claims that per capita income causes the creation and the consolidation of democracy. We argue that existing studies and support for this hypothesis because they fail to control for the presence of omitted variables. There are many underlying historical factors that affect both the level of income per capita and the likelihood of democracy in a country, and failing to control for these factors may introduce a spurious relationship between income and democracy. We show that controlling for these historical factors by including fixed country effects removes the correlation between income and democracy, as well as the correlation between income and the likelihood of transitions to and from democratic regimes. We argue that this evidence is consistent with another well-established approach in political science, which emphasizes how events during critical historical junctures can lead to divergent political-economic development paths, some leading to prosperity and democracy, others to relative poverty and non-democracy. We present evidence in favor of this interpretation by documenting that the fixed effects we estimate in the post-war sample are strongly associated with historical variables that have previously been used to explain diverging development paths within the former colonial world.
Download or read book Economic Dignity written by Gene Sperling and published by Penguin. This book was released on 2021-10-12 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Timely and important . . . It should be our North Star for the recovery and beyond.” —Hillary Clinton “Sperling makes a forceful case that only by speaking to matters of the spirit can liberals root their belief in economic justice in people’s deepest aspirations—in their sense of purpose and self-worth.” —The New York Times When Gene Sperling was in charge of coordinating economic policy in the Obama White House, he found himself surprised when serious people in Washington told him that the Obama focus on health care was a distraction because it was “not focused on the economy.” How, he asked, was the fear felt by millions of Americans of being one serious illness away from financial ruin not considered an economic issue? Too often, Sperling found that we measured economic success by metrics like GDP instead of whether the economy was succeeding in lifting up the sense of meaning, purpose, fulfillment, and security of people. In Economic Dignity, Sperling frames the way forward in a time of wrenching change and offers a vision of an economy whose guiding light is the promotion of dignity for all Americans.
Download or read book GDP based Representation written by Jordan David Weisinger and published by . This book was released on 2020-04-05 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: The impact of econometric representation on democratic longevity may be more important for less developed nations. Take for example Afghanistan with a per capita GDP of $590 and the tentative grasp it has on democracy. If the lifespan of a democracy with $590 GDP is only 8 years, then raising it passed $1000 could be a critical strategy for preserving democracy. If Afghanistan's modified per capita income could be raised above $1000 it could extend the timeframe for achieving durable democracy from just 8 years to 18 years or more. Afghanistan is America's longest war with nearly 17 years of active combat . If Afghanistan accepted the use of GDP-based representational coefficients, its legislature would emphasize the wealthier states over the poorer and more rural states providing an arc to more stability and more equitable economic reforms. These reforms can include minimum wage laws, union protections, progressive taxes and other simple reforms. Accelerated GDP growth over 17 years may have pushed its modified per-capita income passed the $1000 threshold helping suppress support for the Taliban. The higher modified per-capita income could extend the life of the democracy until it acquired enough wealth to perpetuate itself indefinitely. This is the promise of GDP-based representational coefficients for nation building. However, without a controlled experiment this speculation will remain unproven.
Download or read book GDP Based Democracy written by Jordan Weisinger and published by . This book was released on 2020-04-05 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: The impact of econometric representation on democratic longevity may be more important for less developed nations. Take for example Afghanistan with a per capita GDP of $590 and the tentative grasp it has on democracy. If the lifespan of a democracy with $590 GDP is only 8 years, then raising it passed $1000 could be a critical strategy for preserving democracy. If Afghanistan's modified per capita income could be raised above $1000 it could extend the time frame for achieving durable democracy from just 8 years to 18 years or more. Afghanistan is America's longest war with nearly 17 years of active combat . If Afghanistan accepted the use of GDP-based representational coefficients, its legislature would emphasize the wealthier states over the poorer and more rural states providing an arc to more stability and more equitable economic reforms. These reforms can include minimum wage laws, union protections, progressive taxes and other simple reforms. Accelerated GDP growth over 17 years may have pushed its modified per-capita income passed the $1000 threshold helping suppress support for the Taliban. The higher modified per-capita income could extend the life of the democracy until it acquired enough wealth to perpetuate itself indefinitely. This is the promise of GDP-based representational coefficients for nation building. However, without a controlled experiment this speculation will remain unproven.
