The Nexus Between Democracy and Economic Growth: Evidence from Dynamic Simultaneous-Equations Models

被引:0
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作者
Nedra Baklouti
Younes Boujelbene
机构
[1] Faculty of Economics and Management,Unit of Research in Applied Economics URECA
[2] University of Sfax,Faculty of Economics and Management
[3] University of Sfax,undefined
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关键词
Economic growth; Democracy; Dynamic simultaneous-equations models; B22; C36; D73;
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摘要
The present paper is aimed to estimate an econometric model whereby the interrelationship between democracy and economic growth can be thoroughly investigated. For this purpose, dynamic simultaneous-equation panel data models have been applied to 12 MENA countries studied over the period 1998–2011. The reached empirical results have revealed that a bi-directional causal relationship appears to persist between democracy and economic growth.
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页码:980 / 998
页数:18
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