Journals / Iğdır Üniversitesi Sosyal Bilimler Dergisi / 2020 / Cilt: 0 - Sayı: 23

The Relation between Democracy and Economic Development: An Econometric Analysis on the Emerging Economics

Demokrasi ve Ekonomik Kalkınma İlişkisi: Yükselen Ekonomiler Üzerinde Ekonometrik Bir Analiz

Pages
541–563
Publication Date
2022-10-18
DOI
—
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

In the analysis, it is concluded that economic development has a positive but weak effect on democracy and this effect will only occur in the long term.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:In the historical process, the relationship between democracy and economic development has been of interest to both political scientists and economists.
📊
Key Findings & Data:In the study, dynamic panel data analysis was made with data from the 2001-2016 period for 24 emerging market economies.
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Conclusion & Impact:In the analysis, it is concluded that economic development has a positive but weak effect on democracy and this effect will only occur in the long term.
🔬Design:Research Article
📍Scope:2001-2016 Verileri
⚙️Variables:Demokrasi · ekonomik kalkınma · ekonometri

Abstract

In the historical process, the relationship between democracy and economic development has been of interest to both political scientists and economists. Although most of the studies were conducted in the direction of democracy providing economic development, the consensus is that economic development provides democracy. In this sense, it can be said that economic development has a positive effect on democracy by supporting Lipset, which supports reconciliation and expresses the relationship between democracy and development as “the richer a country is, the more democratic it is”. The aim of this study, which is based on Lipset's hypothesis that supports reconciliation, is to investigate the impact of economic development on democracy. In the study, dynamic panel data analysis was made with data from the 2001-2016 period for 24 emerging market economies. In the analysis, it is concluded that economic development has a positive but weak effect on democracy and this effect will only occur in the long term.

Özet

Demokratik kültürün olgunlaşması ve ekonomik kalkınmanın gerçekleşmesi insanlığın ortak hedefidir. Tarihsel süreçte demokrasi ve ekonomik kalkınma ilişkisi hem siyaset bilimcilerin hem de iktisatçıların ilgilendikleri konular arasında olmuştur. Çalışmaların çoğunluğu demokrasinin ekonomik kalkınmayı sağladığı yönünde yapılmasına rağmen, uzlaşma ekonomik kalkınmanın demokrasiyi sağladığı yönündedir. Bu anlamda uzlaşmayı destekleyen ve demokrasi ile kalkınma arasındaki ilişkiyi “bir ülke ne kadar zenginse o kadar demokratiktir” şeklinde ifade eden Lipset’ten yola çıkarak ekonomik kalkınmanın demokrasiyi olumlu etkilediği söylenebilir. Uzlaşmayı destekleyen Lipset’in hipotezini esas alan bu çalışmanın amacı, ekonomik kalkınmanın demokrasi üzerindeki etkisini araştırmaktır. Çalışmada 24 yükselen piyasa ekonomisi için 2001-2016 dönemine ait veriler ile dinamik panel veri analizi yapılmıştır. Analizde ekonomik kalkınmanın demokrasi üzerinde pozitif ancak zayıf bir etkisinin olduğu ve bu etkinin ancak uzun dönemde ortaya çıkacağı sonucuna varılmıştır.

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Cite This Article

AZGÜN, S., EFEOĞLU, R. (2022). The Relation between Democracy and Economic Development: An Econometric Analysis on the Emerging Economics. Iğdır Üniversitesi Sosyal Bilimler Dergisi, Cilt: 0 - Sayı: 23, 541–563. https://ajindex.com/articles/538669

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