The Nexus Between Democracy and Economic Growth: Evidence from Dynamic Simultaneous-Equations Models

Nedra Baklouti () and Younes Boujelbene
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Nedra Baklouti: Faculty of Economics and Management, University of Sfax
Younes Boujelbene: University of Sfax

Journal of the Knowledge Economy, 2018, vol. 9, issue 3, No 15, 980-998

Abstract: Abstract The present paper is aimed to estimate an econometric model whereby the interrelationship between democracy and economic growth can be thoroughly investigated. For this purpose, dynamic simultaneous-equation panel data models have been applied to 12 MENA countries studied over the period 1998–2011. The reached empirical results have revealed that a bi-directional causal relationship appears to persist between democracy and economic growth.

Keywords: Economic growth; Democracy; Dynamic simultaneous-equations models (search for similar items in EconPapers)
JEL-codes: B22 C36 D73 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (8)

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DOI: 10.1007/s13132-016-0380-x

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