Democracy and Prosperity in Two Decades of Transition

Apolte Thomas


Zusammenfassung
This paper revisits the relationship between democracy, liberalization, and prosperity in transition countries, using a panel of 25 countries over 20 years. Earlier investigations found political and economic liberalization to be positively correlated although the relationship between political liberalization and prosperity remained unclear. In this paper, the results are ambiguous regarding the relationship between democracy indicators by Freedom House and the Polity Project on the one hand and growth on the other. This contribution therefore investigates the component variables of these indicators in order to determine their degree of influence. The findings suggest that basic constitutional rights and constraints to the government rather than political competition as such may be conducive to both economic liberalization and prosperity in the transition countries.



Publikationstyp
Forschungsartikel (Zeitschrift)

Begutachtet
Ja

Publikationsstatus
Veröffentlicht

Jahr
2011

Fachzeitschrift
Economics of Transition

Band
19

Ausgabe
4

Erste Seite
693

Letzte Seite
722

Sprache
Englisch

ISSN
0967-0750

DOI