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 level of democracy. We used the panel ordered qualitative choice 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.

Journal

JOURNAL OF MEHMET AKIF ERSOY UNIVERSITY ECONOMICS AND ADMINISTRATIVE SCIENCES FACULTY

Year

2021

Volume

8

Issue

1

Pages

197-214

ISSN

2149-1658

DOI

10.30798/makuiibf.797226

WoS UID

WOS:000634787300010