| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5690 |
| DP5690 Participation and Schooling in a Public System of Higher Education | |
| Frank Verboven; Stijn Kelchtermans | |
| 发表日期 | 2006-05-24 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | We study the joint dynamics of economic and political change. Predictions of the simple model that we formulate in the paper get considerable support in a panel of data on political regimes and GDP per capita for about 150 countries over 150 years. Democratic capital - measured by a nation's historical experience with democracy and by the incidence of democracy in its neighborhood - reduces the exit rate from democracy and raises the exit rate from autocracy. In democracies, a higher stock of democratic capital stimulates growth in an indirect way by decreasing the probability of a sucessful coup. Our results suggest a virtuous circle, where the accumulation of physical and democratic capital reinforce each other, promoting economic development jointly with the consolidation of democracy. |
| 主题 | International Macroeconomics ; Public Economics |
| 关键词 | Economic growth Hazard rates Political regimes |
| URL | https://cepr.org/publications/dp5690 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/534533 |
| 推荐引用方式 GB/T 7714 | Frank Verboven,Stijn Kelchtermans. DP5690 Participation and Schooling in a Public System of Higher Education. 2006. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
