A carregar...
Publicação
Democracy as a Curve
| Nome: | Descrição: | Tamanho: | Formato: | |
|---|---|---|---|---|
| 3.55 MB | Adobe PDF |
Orientador(es)
Resumo(s)
This paper attempts to model the widely studied relationship between a country's economic
growth and its level of democracy, with an emphasis on possible non-linearities. We adopt the
concept of “political capital” as a measure of democracy, which is extremely uncommon in the
literature and brings considerable advantages both in terms of dynamic considerations and
plausibility. While the literature is not consensual on this matter, we obtain significant and robust
results that indicate that the impact of democratization on economic growth varies according to
the stage of democratic development each country is in.
Descrição
Palavras-chave
Democracy Economic growth Political capital Political economy