Path to Prosperity
The Dynamics of Freedom and Economic Development
Bibliographic Data
| ID | 11896129 |
|---|---|
| Authors | Yi Feng (0000-0003-0001-6857, Claremont Graduate University), Jacek Kugler (0000-0003-4628-7433, Claremont Graduate University, corresponding author), Siddharth Swaminathan (0000-0002-8157-8503, La Sierra University), Paul J Zak (0000-0003-4563-8406, Claremont Graduate University), Paul Zak |
| Year | 2008 |
| Volume | 34 |
| Issue | 4 |
| Pages | 423-441 |
| Publication date | 2008-10-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | International Interactions (JOURNAL) |
| Journal identifiers | ISSN: 0305-0629 • E-ISSN: 1547-7444 |
| Publisher | Taylor & Francis (PUBLISHER • GB) |
| DOI | 10.1080/03050620802561488 |
| OpenAlex | W1982623629 |
| Language | EN |
| Citations received | 6 |
| References cited | 14 |
We present a dynamic general equilibrium model that formalizes the political mechanisms that prompt demographic change and augment economic development. We demonstrate that in addition to well-established economic determinants, fertility decisions, human capital accumulation and economic development are altered by three fundamental political variables: political freedom, political stability, and political capacity. Using the model, we derive a set of conditions that enable poor nations to escape poverty traps. The formal deductions are supported by empirical analysis utilizing a panel of 108 countries from 1960 to 2004. Our findings demonstrate that political change triggers a demographic transition that catapults nations onto the path of sustained economic growth. Our results show that developing nations with capable, free, and stable political systems can substantially close the economic gap that divides rich nations from poor nations within a generation
Development economics · Dynamics (music · Economic freedom · Economic growth · Economic system · Economics · Market economy · Path (computing · Political economy · Political science · Prosperity · Sociology · Computer Science · Economic Growth and Productivity · Fiscal Policy and Economic Growth · Income, Poverty, and Inequality
Political Order in Changing Societies
Political instability and economic growth
Democracy and Development
Economic Growth and Income Inequality
A Reformulation of the Economic Theory of Fertility
The Trade-off between Child Quantity and Quality
Human Capital, Fertility, and Economic Growth
A Contribution to the Theory of Economic Growth
The Dynamics of Informational Cascades
The Politics of Fertility and Economic Development
Democracy, Political Stability and Economic Growth
Why do Some Countries Produce So Much More Output Per Worker than Others
What To Do (and Not to Do) with Time-Series Cross-Section Data
Tracking Democracy's Third Wave with the Polity III Data
| Unique citing works | 6 |
|---|---|
| Citations per year | 0,33 |
| Citation span | 2008 - 2015 (8) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 6 |