Does Rapid Economic Growth Accelerate Democratization? Time-Series Evidence from High Performing Asian Economies

Linda Yung and Sam Tang ()
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Linda Yung: Department of Economics, the Chinese University of Hong Kong
Sam Tang: Department of Economics, The University of Western Australia

No 05-20, Economics Discussion / Working Papers from The University of Western Australia, Department of Economics

Abstract: We examine the direction of causality between growth and democratization for the high performing Asian economies using a new time-series technique called autoregressive distributive lag. We find that for all eight of such economies, the direction of causality runs consistently from democratization to growth and not the other way around. Rapid growth in the high performing economies appears to have little effect on democratization. We also find that the net effect of democratization on growth is not always positive. Against the widely-held view that growth enhances democratization, our evidence suggests that rapidly developing countries under authoritarian rule are unlikely to improve their democratic institutions.

Keywords: Growth; Democratization; High performing Asian economies (search for similar items in EconPapers)
JEL-codes: O10 O57 P16 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2005
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Citations: View citations in EconPapers (1)

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