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https://ah.lib.nccu.edu.tw/handle/140.119/139773
題名: | Democracy and Economic Growth: A Reassessment | 作者: | 林馨怡 Lin, Hsin-Yi Hsiao, Yu-Hsiang |
貢獻者: | 經濟系 | 關鍵詞: | democracy;economic growth;quantile regression | 日期: | 六月-2021 | 上傳時間: | 11-四月-2022 | 摘要: | This paper revisits the relationship between democracy and economic growth using a quantile regression method based on dynamic panel data. It explores the heterogeneous effects of democratization on economic growth when the effects depend on growth rates. Our evidence suggests that democracy can foster or hinder growth, depending on a country’s growth rate. The effects of democracy on growth are positive and strong in countries with low growth rates, and weak in countries with high growth rates. The results imply that the lower the growth rate is, the more democracy is beneficial. We conclude that democracy fosters economic growth when countries are experiencing low or moderate growth. When countries have already experienced high growth, democracy is not conducive to economic growth. | 關聯: | Taiwan Economic Review, Vol.49, No.2, pp.169-206 | 資料類型: | article | DOI: | https://doi.org/10.6277/TER.202106_49(2).0001 |
Appears in Collections: | 期刊論文 |
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