Political development and economic performance in the last 200 years
Dados Bibliográficos
| ID | 21281908 |
|---|---|
| Autores | Michal Mádr (0000-0002-4031-531X, Mendel University in Brno, autor correspondente) |
| Ano | 2022 |
| Volume | 72 |
| Fascículo | 1 |
| Páginas | 25-45 |
| Data de publicação | 2022-03-25 |
| Peer Reviewed | Sim |
| Open Access | Não |
| Tipo | ARTICLE |
| Periódico | Acta Oeconomica (JOURNAL) |
| Identificadores do periódico | ISSN: 0001-6373 • E-ISSN: 1588-2659 |
| Editora | Akademiai Kiado Zrt. (PUBLISHER • HU) |
| DOI | 10.1556/032.2022.00002 |
| OpenAlex | W4221035620 |
| Idioma | EN |
| Referências citadas | 46 |
The aim of the paper is to verify whether there has been a causal relationship between economic performance and the quality of political environment in the last 200 years. Mainly, the paper explores the bi-directorial causality for the period of 1821–2016. To attain the aim, the paper uses Granger causality test. The differences between the individual regions (Europe, Latin America and former British colonies) are taken into consideration. Economic performance is expressed as annual growth rate of GDP per capita (taken from Maddison Project Database); the quality of political environment is associated with the Electoral Democracy Index and the Liberal Democracy Index (from the V-Dem Project). The paper offers three findings. Firstly, the results indicate that a statistically significant relationship between economic performance and political development was identified for the researched period. Secondly, bi-directorial causality was peculiar to the European countries, whereas the linkage was not identified within other regions. Thirdly, the results for the sub-periods confirm the previous conclusions with two additions. The quality of political environment and economic performance did not interact with each other in the period of 1821–1870 across all three regions, while in the period after World War II, bi-directorial causal relationship could also exist in the Latin American economies
Biology · Causality (physics) · Democracy · Development economics · Econometrics · Economics · Economy · Granger causality · Index (typography) · Latin Americans · Linkage (software) · Per capita · Period (music) · Political science · Politics · Quality (philosophy) · Sociology · Culture, Economy, and Development Studies · Demography · Fiscal Policy and Economic Growth · Law · Monetary Policy and Economic Impact
Institutions and Economic Performance
Testing for Granger causality in heterogeneous mixed panels
The democratic transition
Democracy and Development
Estimation of Panel Vector Autoregression in Stata
How does political instability affect economic growth?
On the measurement of political instability and its impact on economic growth
Why Did the West Extend the Franchise? Democracy, Inequality, and Growth in Historical Perspective
Reevaluating the modernization hypothesis
Income and Democracy
Testing for Granger non-causality in heterogeneous panels
A dynamic theory of the transition to democracy
Economic downturns, inequality, and democratic improvements
Does democracy cause growth? A meta-analysis (of 2000 regressions)
Democracy and economic growth
The Future of Freedom-Illiberal democracy at home and abroad
Cultural and economic prerequisites of democracy
Income Growth and Revolutions
Determinants of Democracy
Democratisation and Growth
Democracy and Economic Growth
The Contradiction of Modernization
Economic Development and Democracy
Measuring high level democratic principles using the V-Dem data
The structural context of recent transitions to democracy
Examining the Lagged Effect of Economic Development on Political Democracy
A meta-analysis of income and democracy
Democracy and Economic Growth
Democracy and Economic Growth
Democracy and Economic Growth
The Regime Debate Revisted
Political Regimes and Economic Growth
Some Social Requisites of Democracy
Economic Crisis and Political Regime Change
| Velocidade de citação | historical |
|---|---|
| Altamente citado | Não |