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Comparing the spread of capitalism and democracy

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  • Leeson, Peter T.
  • Sobel, Russell S.
  • Dean, Andrea M.

Abstract

We apply Leeson and Dean’s (2009) method for studying democratic dominoes to capitalist spillovers to compare the rates at which capitalism and democracy spread between countries. We find that capitalism and democracy spread at approximately the same modest rate.

Suggested Citation

  • Leeson, Peter T. & Sobel, Russell S. & Dean, Andrea M., 2012. "Comparing the spread of capitalism and democracy," Economics Letters, Elsevier, vol. 114(1), pages 139-141.
    • Handle: RePEc:eee:ecolet:v:114:y:2012:i:1:p:139-141
    DOI: 10.1016/j.econlet.2011.09.011
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    References listed on IDEAS

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    1. Peter T. Leeson & Andrea M. Dean, 2009. "The Democratic Domino Theory: An Empirical Investigation," American Journal of Political Science, John Wiley & Sons, vol. 53(3), pages 533-551, July.
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    Cited by:

    1. Joshua C. Hall & Donald J. Lacombe & Timothy M. Shaughnessy, 2015. "Economic Freedom and Economic Growth Across U.S. States: A Spatial Panel Data Analysis," Working Papers 15-33, Department of Economics, West Virginia University.
    2. Joshua C. Hall, 2016. "Institutional convergence: exit or voice?," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 40(4), pages 829-840, October.
    3. Sobel, Russell S., 2017. "The rise and decline of nations: the dynamic properties of institutional reform 1," Journal of Institutional Economics, Cambridge University Press, vol. 13(3), pages 549-574, September.
    4. Coro Chasco & Maricruz Lacalle-Calderon & Javier Alfonso-Gil, 2021. "Spatial Diffusion of Civil Liberty," Revista Economía, Fondo Editorial - Pontificia Universidad Católica del Perú, vol. 44(87), pages 146-169.
    5. Danko Tarabar & Joshua C. Hall, 2016. "Explaining the worldwide decline in the length of mandatory military service, 1970–2010," Public Choice, Springer, vol. 168(1), pages 55-74, July.
    6. Muhammad Habibur Rahman & Nejat Anbarci & Prasad Sankar Bhattacharya & Mehmet Ali Ulubaşoğlu, 2017. "The Shocking Origins of Political Transitions: Evidence from Earthquakes," Southern Economic Journal, John Wiley & Sons, vol. 83(3), pages 796-823, January.
    7. Robert A. Lawson & Ryan Murphy & Benjamin Powell, 2020. "The Determinants Of Economic Freedom: A Survey," Contemporary Economic Policy, Western Economic Association International, vol. 38(4), pages 622-642, October.
    8. J. Brandon Bolen & Russell S. Sobel, 2020. "Does Balance Among Areas of Institutional Quality Matter for Economic Growth?," Southern Economic Journal, John Wiley & Sons, vol. 86(4), pages 1418-1445, April.
    9. Coro CHASCO & Maricruz LACALLE-CALDERON & Javier ALFONSO-GIL, 2017. "Key determinants of civil liberty: a spatial analysis of 175 countries for the year 2010," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 17(2), pages 19-32.
    10. Danko Tarabar & Joshua C. Hall, 2015. "Explaining the Worldwide Decline in Military Conscription: 1970-2010," Working Papers 15-30, Department of Economics, West Virginia University.
    11. Joshua C. Hall & Serkan Karadas & Minh Tam T. Schlosky, 2016. "Spatial Spillover Effects of Debt Relief from the Heavily Indebted Poor Countries (HIPC) Initiative," Working Papers 16-23, Department of Economics, West Virginia University.
    12. Audrey Redford, 2020. "Property rights, entrepreneurship, and economic development," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 33(1), pages 139-161, March.

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    More about this item

    Keywords

    Domino theory; Capitalism; Democracy; Spatial econometrics;
    All these keywords.

    JEL classification:

    • H1 - Public Economics - - Structure and Scope of Government
    • P1 - Political Economy and Comparative Economic Systems - - Capitalist Economies

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