In:
The Review of Black Political Economy, SAGE Publications, Vol. 25, No. 1 ( 1996-09), p. 95-126
Abstract:
This article conducts a cross-national analysis of forty sub-Saharan African countries during the years 1960-1992. It examines the long-run relationship between political democracy and economic growth, taking advantage of the availability of large economic and political data sets. The conclusion from this study is that the economy grows faster under a regime that enjoys a higher level of institutionalized democracy. It is also found that a positive feedback relationship exists between democracy and growth; while democracy promotes growth, growth leads to a higher level of democratization. In addition, it is found that the duration of authoritarian rule decreases economic growth, while growth shortens the tenure of an autocratic government. Other factors that account for growth in sub-Saharan African countries include the initial size of the economy, human capital stocks, domestic investment share, and international trade.
Type of Medium:
Online Resource
ISSN:
0034-6446
,
1936-4814
Language:
English
Publisher:
SAGE Publications
Publication Date:
1996
detail.hit.zdb_id:
2024107-0
SSG:
6,31
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