Democracy and Economic Growth | Publication

Title	Democracy and Economic Growth
Creator	林馨怡 Lin, Hsin-Yi Hsiao, Yu-Hsiang
Contributor	經濟系
Key Words	democracy; economic growth; quantile regression
Date	2020-09
Date Issued	25-May-2021 11:08:01 (UTC+8)
Summary	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 the growth rates. Our evidence suggests that democracy can foster or hinder growth, depending on a country’s growth rates. 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 that 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
Relation	Taiwan Economic Review
Type	article

dc.contributor	經濟系
dc.creator (作者)	林馨怡
dc.creator (作者)	Lin, Hsin-Yi
dc.creator (作者)	Hsiao, Yu-Hsiang
dc.date (日期)	2020-09
dc.date.accessioned	25-May-2021 11:08:01 (UTC+8)	-
dc.date.available	25-May-2021 11:08:01 (UTC+8)	-
dc.date.issued (上傳時間)	25-May-2021 11:08:01 (UTC+8)	-
dc.identifier.uri (URI)	http://nccur.lib.nccu.edu.tw/handle/140.119/135098	-
dc.description.abstract (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 the growth rates. Our evidence suggests that democracy can foster or hinder growth, depending on a country’s growth rates. 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 that 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
dc.format.extent	1239262 bytes	-
dc.format.mimetype	application/pdf	-
dc.relation (關聯)	Taiwan Economic Review
dc.subject (關鍵詞)	democracy; economic growth; quantile regression
dc.title (題名)	Democracy and Economic Growth
dc.type (資料類型)	article