Comparing the spread of capitalism and democracy

Peter Leeson, Russell Sobel and Andrea M. Dean

Economics Letters, 2012, vol. 114, issue 1, 139-141

Abstract: We apply Leeson and Dean’s (2009) method for studying democratic dominoes to capitalist spillovers to compare the rates at which capitalism and democracy spread between countries. We find that capitalism and democracy spread at approximately the same modest rate.

Keywords: Domino theory; Capitalism; Democracy; Spatial econometrics (search for similar items in EconPapers)
JEL-codes: H1 P1 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:114:y:2012:i:1:p:139-141

DOI: 10.1016/j.econlet.2011.09.011

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