Democratization and Economic Development
Abstract
This article investigates whether or not economic development is the main factor determining democratization. It shows that the effect of income on democratization is relatively small to influence democratization. This finding implies that democratization is largely exogenous to economic development. Thus, the modernization hypothesis that democratization is endogenous to income may be much weaker than the previous work claimed or presumed.
Full Text: PDF DOI: 10.15640/jeds.v11n1a4
Abstract
This article investigates whether or not economic development is the main factor determining democratization. It shows that the effect of income on democratization is relatively small to influence democratization. This finding implies that democratization is largely exogenous to economic development. Thus, the modernization hypothesis that democratization is endogenous to income may be much weaker than the previous work claimed or presumed.
Full Text: PDF DOI: 10.15640/jeds.v11n1a4
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