Abstract
Despite a sizeable theoretical and empirical literature, no firm conclusions have been drawn regarding the democracy–economy-nexus. This paper aims to assess the twosided relationship between democracy and economic development based on the current state of research. Literature will be used to examine whether and how democracy affects economic development, as well as the reverse question. Does economic development influence the form of government of a society, i.e. can it promote or hinder a transition from autocracy to democracy? In addition to approaches that postulate a positive relationship, we will also present perspectives that either negatively interpret a correlation between the two variables or completely negate it.
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Articles in the same Issue
- Frontmatter
- Research Article
- Asymmetric Responses of Economic Growth to Daily Oil Price Changes: New Global Evidence from Mixed-data Sampling Approach
- Surveys
- On Shadow Banking and Financial Frictions in DSGE Modeling
- The Democracy–Economy-Nexus
Articles in the same Issue
- Frontmatter
- Research Article
- Asymmetric Responses of Economic Growth to Daily Oil Price Changes: New Global Evidence from Mixed-data Sampling Approach
- Surveys
- On Shadow Banking and Financial Frictions in DSGE Modeling
- The Democracy–Economy-Nexus