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Democracy and Economic Growth in an Interdependent World

机译：相互依存的世界中的民主与经济增长

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摘要

We model dynamic interdependence in cross-country economic growth processes by allowing it to vary according to democratic distance among economies. Stochastic distributional dynamics and temporal effects of democracy on economic growth are studied, and spatial variation in economic growth is explored. Among important results, democratic poverty trap is found to exist indicating the possibility of persistence of (un)stable democratic equilibria at different levels of democracy. Our cross-sectional regression evinces that democracy has exerted significant growth-enhancing effect and that the democratic distribution has steadily shifted locus from low-level to high-level equilibrium. Our spatial analysis of democracy-economic growth nexus provide evidence of significant dynamic spatial autocorrelation and complementarity among countries' growth processes. Finally, it is demonstrated that the relevance of geographical proximity in facilitating interdependence in economic growth is overshadowed by relational proximity.
机译：我们通过允许跨国经济增长过程中的动态相互依赖关系根据经济体之间的民主距离而变化来进行建模。研究了民主分布对经济增长的随机分布动态和时间影响，并探讨了经济增长的空间变化。在重要结果中，发现存在民主贫困陷阱，表明在不同民主水平上存在（不稳定）民主均衡的可能性。我们的横截面回归表明，民主发挥了显着的促进增长的作用，民主分配已将轨迹从低级均衡平稳地转移到了高级均衡。我们对民主与经济增长关系的空间分析提供了国家增长过程之间显着动态的空间自相关和互补性的证据。最后，事实证明，地理邻近性在促进经济增长相互依存方面的相关性已被关系邻近性所掩盖。

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  • 来源
    《Review of international economics》 |2013年第4期|733-749|共17页
  • 作者

    Claude Diebolt; Tapas Mishra; Bazoumana Ouattara; Mamata Parhi;

  • 作者单位

    Bureau of Economic Theory and Applications, University of Strasbourg, France;

    Department of Economics, Swansea University, Singleton Park, SA2 8PP, Swansea, UK;

    Department of Economics, Swansea University, UKDepartment of Economics, Swansea University, UK;

    Department of Economics, Swansea University, UKDepartment of Economics, Swansea University, UK;

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