본문 바로가기
KERD
논문KCI 등재

World Democracy and World Development: A Macro-systemic Level Causal Analysis of Democracy and Economic Development, 1960-2018

1

조회

0

다운로드

0

인용

0

참고문헌

키워드

주제분류정치외교학

초록

The long-term progressions of political freedom and economic wealth have characterized the post-World War era. The scholarly debate on how democracy and economic development are related, although having continued over multiple decades, is still lively. Does a more democratic world lead to a wealthier world? Does a more affluent world ensure a freer world? Or are political development and economic development separate processes independent from each other? This present study aims to help establish the causality between political development and economic development at a macro systemic level. I identify the possible causal mechanisms for the democracy-development nexus and draw a testable hypothesis. Empirically, I set up a set of vector autoregression-based Granger causality tests. The test results do not support any causal relationship between world democracy and world development.

Abstract

The long-term progressions of political freedom and economic wealth have characterized the post-World War era. The scholarly debate on how democracy and economic development are related, although having continued over multiple decades, is still lively. Does a more democratic world lead to a wealthier world? Does a more affluent world ensure a freer world? Or are political development and economic development separate processes independent from each other? This present study aims to help establish the causality between political development and economic development at a macro systemic level. I identify the possible causal mechanisms for the democracy-development nexus and draw a testable hypothesis. Empirically, I set up a set of vector autoregression-based Granger causality tests. The test results do not support any causal relationship between world democracy and world development.

참고문헌 (72)

  1. Acemoglu, Daron, "Income and Democracy", American Economic Review, 98(3), pp.808~842 (2008)
  2. Acemoglu, Daron, "Democracy Does Cause Growth", Journal of Political Economy, 127(1), pp.47~100 (2019)
  3. Asiedu, Elizabeth, "Democracy, Foreign Direct Investment and Natural Resources", Journal of International Economics, 84(1), pp.99~111 (2011)
  4. Aisen, Ari, "How does Political Instability Affect Economic Growth", European Journal of Political Economy, 29, pp.151~167 (2013)
  5. Barro, Robert, "Determinants of Economic Growth: A Cross-Country Empirical Study" (1997), MIT Press
  6. Baum, Matthew, "The Political Economy of Growth: Democracy and Human Capital", American Journal of Political Science, 47(2), pp.333~347 (2003)
  7. Benhabib, Jess, "Income and Democracy", Economics Letters, 118(3), pp.489~492 (2013)
  8. Bilson, John, "Civil Liberty-An Econometric Investigation", Kyklos, 35(1), pp.94~114 (1982)
  9. Boix, Carles, "Democracy, Development, and the International System", American Political Science Review, 105(4), pp.809~828 (2011)
  10. Boix, Carles, "Democracy and Redistribution" (2003), Cambridge University Press
  11. Boix, Carles, "Endogenous Democratization", World Politics, 55(4), pp.517~549 (2003)
  12. Borensztein, Eduardo, "How Does Foreign Direct Investment Affect Economic Growth", Journal of International Economics, 45(1), pp.115~135 (1998)
  13. Bosker, Maarten, "Economic Development and the Geography of Institutions", Journal of Economic Geography, 9(3), pp.295~328 (2009)
  14. Bremer, Stuart A, "Dangerous dyads: Conditions Affecting the Likelihood of Interstate War, 1816-1965", Journal of Conflict Resolution, 36(2), pp.309~341 (1992)
  15. Bueno de Mesquita, "The Logic of Political Survival" (2003), MIT Press
  16. Burkhart, Ross, "Comparative Democracy: The Economic Development Thesis", American Political Science Review, 88(4), pp.903~910 (1994)
  17. Busse, Matthias, "Political Risk, Institutions and Foreign Direct Investment", European Journal of Political Economy, 23(2), pp.397~415 (2007)
  18. Busse, Matthias, "Trade and Economic Growth: A Re-examination of the Empirical Evidence", Economics Bulletin, 35(4), pp.2862~2876 (2015)
  19. Colagrossi, Marco, "Does Democracy Cause Growth? A Meta-Analysis (of 2000 Regressions)", European Journal of Political Economy, 61, pp.101824~ (2020)
  20. "Has Globalization Spread Democracy around the World" (2011)[URL]
  21. Dahl, Robert, "Polyarchy" (1971), Yale University Press
  22. Dalpino, Catharin, "Does Globalization Promote Democracy", Brookings Review, 19(4), pp.45~48 (2001)
  23. Doucouliagos, Hristos, "Democracy and Economic Growth:A Meta‐Analysis", American Journal of Political Science, 52(1), pp.61~83 (2008)
  24. Epstein, David L, "Democratic Transitions", American Journal of Political Science, 50(3), pp.551~569 (2006)
  25. Feng, Yi, "Democracy, Political Stability and Economic Growth", British Journal of Political Science, 27(3), pp.391~418 (1997)
  26. Friedman, Milton, "Capitalism and Freedom" (1962), University of Chicago Press.
  27. Gleditsch, Kristian, "All International Politics is Local: The Diffusion of Conflict, Integration, and Democratization" (2002), University of Michigan Press
  28. Gowa, Joanne, "Ballots and Bullets: The Elusive Democratic Peace" (1999), Princeton
  29. Gowa, Joanne, "Power Politics and International Trade", American Political Science Review, 87(2), pp.408~420 (1993)
  30. Heo, Uk, "Democracy and Economic Growth: A Causal Analysis", Comparative Politics, 33(4), pp.463~473 (2001)
  31. Inglehart, Ronald, "Modernization, Cultural Change, and Democracy" (2005), Cambridge University Press
  32. Jensen, Nathan M, "Democratic Governance and Multinational Corporations: Political Regimes and Inflows of Foreign Direct Investment", International Organization, 57(3), pp.587~616 (2003)
  33. Johansen, Soren, "Estimation and Hypothesis Testing of Cointegration Vectors in Gaussian Vector", Econometrica, 59(6), pp.1551~1580 (1991)
  34. "Forget Dow 20,000-the Boom Times are Over. Is Democracy Next" (2017)[URL]
  35. Keck, Margaret, "Activists beyond Borders: Advocacy Networks in International Politics" (2014), Cornell University Press
  36. Kim, Dongwook, "International Nongovernmental Organizations and the Global Diffusion of National Human Rights Institutions", International Organization, 67(3), pp.505~539 (2013)
  37. Kleinberg, Katja, "Trade and Foreign Policy Attitudes", Journal of Conflict Resolution, 54(5), pp.687~714 (2010)
  38. Lake, David, "Powerful Pacifists: Democratic States and War", American Political Science Review, 86(1), pp.24~37 (1992)
  39. Leblang, David, "Property Rights, Democracy and Economic Growth", Political Research Quarterly, 49(1), pp.5~26 (1996)
  40. Li, Quan, "Economic Globalization and Democracy: An Empirical Analysis", British Journal of Political Science, 33(1), pp.29~54 (2003)
  41. Lipset, Seymour, "Some Social Requisites of Democracy", American Political Science Review, 53(1), pp.69~105 (1959)
  42. Londregan, John, "Does high Income Promote Democracy", World Politics, 49(1), pp.1~30 (1996)
  43. Lopez-Cordova, Ernesto, "The Impact of International Trade on Democracy: A Long-run Perspective", World Politics, 60(4), pp.539~575 (2008)
  44. Luo, Zhaotian, "Why Are the Fastest Growing Countries Autocracies", Journal of Politics, 81(2), pp.676~680 (2019)
  45. Malikane, Christopher, "Foreign Direct Investment, Democracy and Economic Growth in Southern Africa", African Development Review, 29(1), pp.92~102 (2017)
  46. Mansfield, Edward, "Democracy, Veto Players and the Depth of Regional Integration", World Economy, 31(1), pp.67~96 (2008)
  47. Mansfield, Edward, "Free to Trade: Democracies, Autocracies, and International Trade", American Political Science Review, 94(2), pp.305~321 (2000)
  48. Mathur, Aparna, "Foreign Direct Investment, Corruption and Democracy", Applied Economics, 45(8), pp.991~1002 (2013)
  49. Mitchell, Sara, "A Kantian System? Democracy and Third-Party Conflict Resolution", American Journal of Political Science, 46(4), pp.749~759 (2002)
  50. Moral-Benito, Enrique, "Income and Democracy", Economics Letters, 117(3), pp.844~847 (2012)
  51. Mukherjee, Bumba, "International Economic Organizations and Economic Development: An Assessment", SAIS Review of International Affairs, 28(2), pp.123~137 (2008)
  52. Murtin, Fabrice, "The Democratic Transition", Journal of Economic Growth, 19(2), pp.141~181 (2014)
  53. Moore, Barrington, "Social Origins of Dictatorship and Democracy" (1966), Beacon Press
  54. Nelson, Richard R, "Technology, Institutions, and Economic Growth" (2005), Harvard University Press
  55. North, Douglas, "Institutions, Instructional Change and Economic Performance" (1990), Cambridge University Press
  56. North, Douglas, "Understanding the Process of Economic Change" (2005), Princeton University Press
  57. O’Donnell, Guillermo, "Modernization and Bureaucratic Authoritarianism" (1973), University of California Press
  58. Olson, Mancur, "The Rise and decline of Nations: Economic Growth, Stagflation, and Social Rigidities" (1982), Yale University Press
  59. Olson, Mancur, "Dictatorship, Democracy, and Development", American Political Science Review, 87(3), pp.567~576 (1993)
  60. Oneal, John, "Causes of Peace: Democracy, Interdependence, and International Organizations, 1885-1992", International Studies Quarterly, 47(3), pp.371~393 (2003)
  61. Park, Johann, "Forward to the Future? The Democratic Peace after the Cold War", Conflict Management and Peace Science, 32(2), pp.178~194 (2013)
  62. 박요한, "Domestic Terrorism and Transnational Terrorism: A Granger Causal Analysis", Journal of The Korean Data Analysis Society, 22(2), pp.501~512 (2020), 한국자료분석학회
  63. Pennar, Karen, "Is Democracy Bad for Growth" (1993), Business Week
  64. Pinar, Mehmet, "Democracy in the Neighborhood and Foreign Direct Investment", Review of Development and Economics Forthcoming (2020)
  65. Pevehouse, Jon, "Democracy from the Outside-in? International Organizations and Democratization", International Organization, 56(3), pp.515~549 (2002)
  66. Przeworski, Adam, "Modernization: Theories and Facts", World Politics, 49(2), pp.155~183 (1997)
  67. Schultz, Kenneth, "The Democratic Advantage: Institutional Foundations of Financial Power in International Competition", International Organization, 57(1), pp.3~42 (2003)
  68. Sirowy, Larry, "The Effects of Democracy on Economic Growth and Inequality: A Review", Studies in Comparative International Development, 25(1), pp.126~157 (1990)
  69. Tilly, Charles, "Processes and Mechanisms of Democratization", Sociological Theory, 18(1), pp.1~16 (2000)
  70. Toda, Hiro, "Statistical Inference in Vector Autoregressions with Possibly Integrated Processes", Journal of Econometrics, 66(1-2), pp.225~250 (1995)
  71. Treisman, Daniel, "Income, Democracy, and Leader Turnover", American Journal of Political Science, 59(4), pp.927~942 (2015)
  72. Treisman, Daniel, "Economic Development and Democracy", Annual Review of Political Science Forthcoming (2020)

관련 논문AI추천

이 간행물의 다른 논문 (6건)