The DOI matches its Crossref record; 162 of the 162 references it cites were found in a registry or an index.
Democracy and Economic Growth: A Meta‐Analysis
Abstract
Despite a sizeable theoretical and empirical literature, no firm conclusions have been drawn regarding the impact of political democracy on economic growth. This article challenges the consensus of an inconclusive relationship through a quantitative assessment of the democracy‐growth literature. It applies meta‐regression analysis to the population of 483 estimates derived from 84 studies on democracy and growth. Using traditional meta‐analysis estimators, the bootstrap, and Fixed and Random Effects meta‐regression models, it derives several robust conclusions. Taking all the available published evidence together, it concludes that democracy does not have a direct impact on economic growth. However, democracy has robust, significant, and positive indirect effects through higher human capital, lower inflation, lower political instability, and higher levels of economic freedom. Democracies may also be associated with larger governments and less free international trade. There also appear to be country‐ and region‐specific democracy‐growth effects. Overall, democracy's net effect on the economy does not seem to be detrimental.
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Cites
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Cited by
Acemoglu, D., Naidu, S., Restrepo, P., & Robinson, J. A. (2019) · Journal of Political Economy · doi:10.1086/700936 · Cited by 1,524
Strategic CSR: A Concept Building Meta‐Analysis
Vishwanathan, P., van Oosterhout, H. (. )., Heugens, P. P. M. A. R., Duran, P., & van Essen, M. (2020) · Journal of Management Studies · doi:10.1111/joms.12514 · Cited by 486
Explaining voter turnout: A meta-analysis of national and subnational elections
Cancela, J., & Geys, B. (2016) · Electoral Studies · doi:10.1016/j.electstud.2016.03.005 · Cited by 452
Foreign direct investment and economic growth: A real relationship or wishful thinking?
Iamsiraroj, S., & Ulubaşoğlu, M. A. (2015) · Economic Modelling · doi:10.1016/j.econmod.2015.08.009 · Cited by 279
Self-citationReporting guidelines for meta-analysis in economics
Havránek, T., Stanley, T. D., Doucouliagos, H., Bom, P., Geyer‐Klingeberg, J., Iwasaki, I., Reed, W. R., Rost, K., & van Aert, R. C. M. (2020) · Journal of Economic Surveys · doi:10.1111/joes.12363 · Cited by 271
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Metadata
- Authors
- Doucouliagos, H., & Ulubaşoğlu, M. A.
- Venue
- American Journal of Political Science
- Publisher
- Wiley
- Published
- 2008-01
- Volume
- 52
- Issue
- 1
- Pages
- 61-83
- ISSN
- 0092-5853 (ISSN-L)
- 1540-5907
- OpenAlex
- W1956940534
- Cited by
- 584
- References
- 162
- FWCI
- 52.27
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
