Does democracy guarantee the resilience of African economies? Analysis based on a duration model

Siméon Koffi

MPRA Paper from University Library of Munich, Germany

Abstract: Based on a panel of 144 developing countries for the period from 1960 to 2020 and using the duration model, our estimates focused on two (02) groups of countries, namely African countries, and countries outside Africa. For the latter, the results showed that democracy is a factor that strengthens their resilience insofar as it intervenes to support growth spells in the event of negative external shocks. In other words, democracy lengthens the duration of growth spells and promotes more resilient and sustainable growth. For African countries, however, the opposite effect occurs. Indeed, African countries with democratic regimes have a much shorter growth survival rate than autocratic ones.

Keywords: duration model; resilience; growth spells (search for similar items in EconPapers)
JEL-codes: C10 C18 C4 (search for similar items in EconPapers)
Date: 2022-08-01
New Economics Papers: this item is included in nep-afr and nep-dev
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:113968

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