ECONOMIC DEVELOPMENT AND DEMOCRACY IN EMERGING ECONOMIES

ECONOMIC DEVELOPMENT AND DEMOCRACY IN EMERGING ECONOMIES

The aim of this study is to investigate the effects of economic development on democracy with the data for the period 2001-2016 in 24 emerging market economies. This article develops a new methodology and analyzes the impact of openness, economic, social and financial development indicators on the l...

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Bibliographic Details
Main Authors: Sabri Azgün, Rabia Efeoğlu
Format: Article
Language:English
Published: Mehmet Akif Ersoy University 2021-03-01
Series:Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
Subjects:
democracy
economic development
ordered qualitative preference analysis
demokrasi
ekonomik kalkınma
sıralı nitel tercih analizi
Online Access:https://dergipark.org.tr/tr/pub/makuiibf/issue/60726/797226
Description
Summary:The aim of this study is to investigate the effects of economic development on democracy with the data for the period 2001-2016 in 24 emerging market economies. This article develops a new methodology and analyzes the impact of openness, economic, social and financial development indicators on the level of democracy. We used the panel-ordered qualitative preference analysis method to estimate the relationship between democracy and economic development. We have concluded that economic development is more effective at higher levels of democracy and is higher likely to affect the higher level of democracy. We have shown that economic development raises the level of democracy.
ISSN:2149-1658

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