The Evolutionary Effects of Democracy: In the Long Run, We are All Trading?

Christopher Boudreaux

The International Trade Journal, 2015, vol. 29, issue 5, 376-396

Abstract: It is well established that democracy affects trade, but how does this relationship change over time? The results suggest that democracy increases trade openness both in the short and long run. However, democracy only leads to a reduction in trade restrictions in the short term. In addition, the durability of a polity is employed as an instrument in order to consider the possibility that democracy and trade are endogenously related. This method helps to isolate a causal effect of democracy on trade, and the results suggest that the economic effect of democracy is 2-3 times larger than under OLS.

Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/08853908.2015.1073127 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:uitjxx:v:29:y:2015:i:5:p:376-396

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/uitj20

DOI: 10.1080/08853908.2015.1073127

Access Statistics for this article

The International Trade Journal is currently edited by George R. G. Clarke

More articles in The International Trade Journal from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().