Democracy and Globalization

Barry Eichengreen

No 12450, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: The connections between globalization and democracy are a classic question in international political economy and a topic much debated in foreign policy circles. While the analytical literature is extensive, few previous studies have acknowledged the possibility of bidirectional causality or developed an instrumental variables strategy suitable for addressing it. We do so in this paper and apply our approach to an extensive historical data set. The results suggest the existence of positive relationships running both ways between globalization and democracy, though exceptions obtain at particular times (during the Bretton Woods era) and places (in labor scarce economies).

JEL-codes: F0 F00 (search for similar items in EconPapers)
Date: 2006-08
New Economics Papers: this item is included in nep-pol
Note: DAE IFM
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (22)

Published as Barry Eichengreen & David Leblang, 2008. "Democracy And Globalization," Economics and Politics, Blackwell Publishing, vol. 20(3), pages 289-334, November.

Downloads: (external link)
http://www.nber.org/papers/w12450.pdf (application/pdf)

Related works:
Journal Article: DEMOCRACY AND GLOBALIZATION (2008)
Working Paper: Democracy and globalisation (2006)
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:nbr:nberwo:12450

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w12450

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().