Democracy and Prosperity in two Decades of Transition

Thomas Apolte

No 200106, Working Papers from Institute of Spatial and Housing Economics, Munster Universitary

Abstract: This paper revisits the relation between democracy, liberalization, and prosperity in transition countries, using a panel of 25 countries over 19 years. Earlier investigations found political and economic liberalization to be positively correlated whereas the relation between political liberalization and prosperity remained unclear. In this paper, a hump-shaped relationship between political liberalization and growth is found, such that a rise in democracy levels promotes growth only under initially low democracy levels. Furthermore, economic and political liberalization turn out to be positively related, but with surprisingly small coefficients.

Keywords: Transition Economics; Public Choice; Democracy; Growth (search for similar items in EconPapers)
JEL-codes: O43 P16 P36 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.wiwi.uni-muenster.de/cawm/forschen/Down ... es-of-transition.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.wiwi.uni-muenster.de/cawm/forschen/Download/Diskbeitraege/CAWM_DP26_Democracy-and-Prosperity-in-two-decades-of-transition.pdf [301 Moved Permanently]--> https://www.wiwi.uni-muenster.de/cawm/forschen/Download/Diskbeitraege/CAWM_DP26_Democracy-and-Prosperity-in-two-decades-of-transition.pdf [301 Moved Permanently]--> https://www.wiwi.uni-muenster.de/mep/forschen/Download/Diskbeitraege/CAWM_DP26_Democracy-and-Prosperity-in-two-decades-of-transition.pdf)

Related works:
Journal Article: Democracy and prosperity in two decades of transition (2011)
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:muc:wpaper:200106

Access Statistics for this paper

More papers in Working Papers from Institute of Spatial and Housing Economics, Munster Universitary Contact information at EDIRC.
Bibliographic data for series maintained by Norbert Hiller ( this e-mail address is bad, please contact ).