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    The role of middle class in democratic diffusion

    Access Status
    Fulltext not available
    Authors
    Chun, Natalie
    Hasan, Rana
    Rahman, Muhammad Habibur
    Ulubaşoğlu, Mehmet A
    Date
    2016
    Type
    Journal Article
    
    Metadata
    Show full item record
    Citation
    Chun, N. and Hasan, R. and Rahman, M.H. and Ulubaşoğlu, M.A. 2016. The role of middle class in democratic diffusion. International Review of Economics & Finance. 42: pp. 536-548.
    Source Title
    International Review of Economics & Finance
    DOI
    10.1016/j.iref.2015.10.021
    Additional URLs
    http://www.sciencedirect.com/science/article/pii/S1059056015001719
    ISSN
    1059-0560
    Faculty
    Faculty of Business and Law
    School
    School of Economics, Finance and Property
    URI
    http://hdl.handle.net/20.500.11937/80694
    Collection
    • Curtin Research Publications
    Abstract

    © 2015 Elsevier Inc.

    The modernization hypothesis and the democratic domino theory have been at the forefront in explaining the democratization around the globe. This paper empirically investigates the ‘middle class-driven modernization’ hypothesis and the ‘middle class-driven democratic domino’ effect in a panel of 145 countries over the period 1985 to 2013. Using several middle class measures and a dynamic panel estimator, we show that the ‘middle class-driven modernization’ hypothesis finds strong empirical support in the sample of developing countries excluding Eastern Europe and Central Asia, while the ‘middle class-driven democratic domino’ effect finds support in the sample of developing countries excluding East Asia and the Pacific.

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