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Title:Democracy and prosperity in two decades of transition PDF Logo
Authors:Apolte, Thomas
Issue Date:2010
Series/Report no.:CAWM discussion paper / Centrum für Angewandte Wirtschaftsforschung Münster 26
Abstract:This paper revisits the relation between democracy, liberalization, and prosperity in transition countries, using a panel of 25 countries over 19 years. Earlier investigations found political and economic liberalization to be positively correlated whereas the relation between political liberalization and prosperity remained unclear. In this paper, a hump-shaped relationship between political liberalization and growth is found, such that a rise in democracy levels promotes growth only under initially low democracy levels. Furthermore, economic and political liberalization turn out to be positively related, but with surprisingly small coefficients.
Subjects:Transition Economics
Public Choice
Democracy
Growth
JEL:O43
P16
P36
Document Type:Working Paper
Appears in Collections:CAWM Discussion Papers, Universität Münster

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