Socioeconomic transitions as common dynamic processes
Erich Gundlach () and
Martin Paldam ()
Additional contact information
Martin Paldam: Department of Economics and Business Economics, Aarhus University, Denmark, Postal: 8210 Aarhus V, Denmark
Economics Working Papers from Department of Economics and Business Economics, Aarhus University
Long-run socioeconomic transitions can be observed as stylized facts across countries and over time. For instance, poor countries have more agriculture and less democracy than rich countries, and this pattern also holds within countries for transitions from a traditional to a modern society. It is shown that the agricultural and the democratic transitions can be partly explained as the outcome of dynamic processes that are shared among countries. We identify the effects of common dynamic processes with panel estimators that allow for heterogeneous country effects and possible cross-country spillovers. Common dynamic processes appear to be in line with alternative hypotheses on the causes of socioeconomic transitions.
Keywords: Long-run development; agriculture; democracy; socioeconomic transitions; mean group estimators; technology heterogeneity; cross-section independence (search for similar items in EconPapers)
JEL-codes: O1 P5 Q1 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-gro and nep-pol
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:aah:aarhec:2016-06
Access Statistics for this paper
More papers in Economics Working Papers from Department of Economics and Business Economics, Aarhus University
Series data maintained by ().