DEMOCRACY AND GROWTH: A PERSPECTIVE FROM DEMOCRATIC EXPERIENCE

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题名:	DEMOCRACY AND GROWTH: A PERSPECTIVE FROM DEMOCRATIC EXPERIENCE
作者:	Ma, TC (Ma, Tay-Cheng) Ouyang, L (Ouyang, Lishu)
贡献者:	經濟系
关键词:	ECONOMIC-GROWTH TESTS
日期:	2016-10
上传时间:	2017-02-16 10:58:30 (UTC+8)
摘要:	This article investigates the impact of democracy on growth by simultaneously considering a country's secular-historical experience of democracy and current political regime. The results obtained show that the effect of democracy on growth exhibits an asymmetrical pattern depending on the country's democracy stock. Only in "democratic countries" with "prolonged experiences of democratic rule" can democracy promote growth. This claim stands in contrast to the earlier literature in which there is either no consistent relationship between growth and democracy or perhaps a nonlinear relationship. This conclusion provides circumstantial support for the claim of the "democracy promotes growth" hypothesis.
關聯:	ECONOMIC INQUIRY 卷: 54 期: 4 頁碼: 1790-1804
显示于类别:	[Department of Economics & Graduate Institute of Economics ] journal articles

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