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Erscheinungsjahr: 
2008
Schriftenreihe/Nr.: 
Kiel Working Paper No. 1459
Verlag: 
Kiel Institute for the World Economy (IfW), Kiel
Zusammenfassung: 
The paper considers the transformation of the political system as countries pass through the Grand Transition from a poor developing country to a wealthy developed country. In the process most countries change from an authoritarian to a democratic political system. This is shown by using the Gastil democracy index from Freedom House. First, the basic pattern of correlations reveals that a good deal of the short- to medium-run causality appears to be from democracy to income. Then a set of extreme biogeographic instruments is used to demonstrate that the long-run causality is from income to democracy. The long-run result survives various robustness tests. We show how the Grand Transition view resolves the seeming contradiction between the long-run and the short- to medium-run effects.
Schlagwörter: 
Paths of development
democracy
biogeography
JEL: 
B25
O1
Dokumentart: 
Working Paper

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