Chocs externes, Institutions démocratiques et Résilience économique

External shocks, democratic institutions and economic resilience

Mohamed Ali Trabelsi and Salah Ahmed

MPRA Paper from University Library of Munich, Germany

Abstract: This paper examines the role of democracy in strengthening the resilience of developing economies in the face of exogenous external shocks. Our study uses the duration model to estimate how external shocks and democracy determine the probable duration of a spell of economic growth. Examining a panel of 96 developing countries observed over the 1965-2015 period, we found that democracy is a resilience factor, insofar as it helps to support growth spells in the event of negative external shocks.

Keywords: Resilience; Economic growth; Developing countries; Democracy; Survival models. (search for similar items in EconPapers)
JEL-codes: E32 E60 F43 O11 (search for similar items in EconPapers)
Date: 2020
New Economics Papers: this item is included in nep-gro, nep-his and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:100382

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