Democracy and economic growth in Sub-Saharan Africa: A panel data approach
dc.contributor.author | Jaunky, Vishal | |
dc.date.accessioned | 2017-03-17T08:28:50Z | |
dc.date.available | 2017-03-17T08:28:50Z | |
dc.date.created | 2017-02-19T19:31:47Z | |
dc.date.issued | 2013 | |
dc.identifier.citation | Jaunky, V. 2013. Democracy and economic growth in Sub-Saharan Africa: A panel data approach. Empirical Economics. 45 (2): pp. 987-1008. | |
dc.identifier.uri | http://hdl.handle.net/20.500.11937/50864 | |
dc.identifier.doi | 10.1007/s00181-012-0633-x | |
dc.description.abstract |
This paper studies the link between democracy and economic development for 28 countries of Sub-Saharan Africa for the period 1980-2005 in a panel data framework. A democracy index constructed from the Freedom House indices. A variety of panel data unit root and cointegration tests are applied. The variables are found to be integrated of order one and cointegrated. The Blundell-Bond system generalized methods-of-moments is employed to conduct a panel error-correction mechanism based causality test within a vector autoregressive structure. Economic growth is found to cause democracy in the short-run, while bidirectionality is uncovered in the long-run. In addition, the long-run coefficients are estimated through the panel fully modified ordinary least squares and dynamic ordinary least squares methods. Democracy has a positive impact on GDP and vice versa. These results lend support to the virtuous cycle hypothesis. © 2012 Springer-Verlag. | |
dc.publisher | Physica-Verlag GmbH und Co. | |
dc.title | Democracy and economic growth in Sub-Saharan Africa: A panel data approach | |
dc.type | Journal Article | |
dcterms.source.volume | 45 | |
dcterms.source.number | 2 | |
dcterms.source.startPage | 987 | |
dcterms.source.endPage | 1008 | |
dcterms.source.issn | 0377-7332 | |
dcterms.source.title | Empirical Economics | |
curtin.department | CBS International | |
curtin.accessStatus | Fulltext not available |
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