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The Effect of Industrial, Financial, Technological and Environmental Development Indicators on the Democracy Level in Emerging Economies

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  • Efeoglu, Rabia

    (Kastamonu University, Turkey)

  • Azgun , Sabri

    (Ataturk University, Turkey)

Abstract

The study investigates the effects of industrial production, high-technology exports, credit to private sector, and environmental industrialization indicators on the level of democracy in emerging markets. We tested the impact of industrialization indicators on the level of democracy with the dynamic panel data model and the panel ordered qualitative choice model that we used for the first time in the democracy literature. We obtained similar results from both dynamic panel data analysis and ordered qualitative choice model analysis. We conclude that economic development raises the level of democracy and is more effective at higher levels of democracy.

Suggested Citation

  • Efeoglu, Rabia & Azgun , Sabri, 2022. "The Effect of Industrial, Financial, Technological and Environmental Development Indicators on the Democracy Level in Emerging Economies," Journal of Economic Development, The Economic Research Institute, Chung-Ang University, vol. 47(2), pages 1-19, June.
    • Handle: RePEc:ris:jecdev:0008
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    References listed on IDEAS

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    More about this item

    Keywords

    Democracy; Economic Development; Dynamic Panel Data Analysis; Ordered Qualitative Choice Models;
    All these keywords.

    JEL classification:

    • C19 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Other
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • F59 - International Economics - - International Relations, National Security, and International Political Economy - - - Other
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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