The impact of democracy on Economic growth in selected African countries- A Synthetic Control Method
| Autor: | Hung-Chun Lin, 林虹均 |
|---|---|
| Rok vydání: | 2016 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 104 As the third wave of democratization was spreading out across Africa in the 1990s, many African countries began to move towards liberalization and democratization. These democratized countries wanted to attract foreign capital investment to stimulate their economic growth. But does democratization really help to economic growth in these countries? That is our main concern for this study. By applying the Synthetic Control Method (SCM), we investigate the impact of democratization on real GDP per capital of selected African countries. Our sample consists of 36 countries, with 7 treated Africa (democratized) countries and 29 control African (un-democratized) countries, over the 1980-2010 period. The main findings of this research are as follows: 1..Democratization has exerted heterogeneous effects on economic growth for different countries. 2..Nevertheless, the results from a variety of placebo tests show that the economic effect resulting from democratization is statistically insignificant. 3..The lack of economic benefit resulting from democratization for these democratized African countries can be attributed to the shortage of infrastructure, the lower educational level and the colonial background of African countries. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
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