Political development and economic performance in the last 200 years
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F22%3A43921287" target="_blank" >RIV/62156489:43110/22:43921287 - isvavai.cz</a>
Result on the web
<a href="https://doi.org/10.1556/032.2022.00002" target="_blank" >https://doi.org/10.1556/032.2022.00002</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1556/032.2022.00002" target="_blank" >10.1556/032.2022.00002</a>
Alternative languages
Result language
angličtina
Original language name
Political development and economic performance in the last 200 years
Original language description
The aim of the paper is to verify whether there has been a causal relationship between economic performance and the quality of political environment in the last 200 years. Mainly, the paper explores the bi-directorial causality for the period of 1821-2016. To attain the aim, the paper uses Granger causality test. The differences between the individual regions (Europe, Latin America and former British colonies) are taken into consideration. Economic performance is expressed as annual growth rate of GDP per capita (taken from Maddison Project Database); the quality of political environment is associated with the Electoral Democracy Index and the Liberal Democracy Index (from the V-Dem Project). The paper offers three findings. Firstly, the results indicate that a statistically significant relationship between economic performance and political development was identified for the researched period. Secondly, bi-directorial causality was peculiar to the European countries, whereas the linkage was not identified within other regions. Thirdly, the results for the sub-periods confirm the previous conclusions with two additions. The quality of political environment and economic performance did not interact with each other in the period of 1821-1870 across all three regions, while in the period after World War II, bi-directorial causal relationship could also exist in the Latin American economies.
Czech name
—
Czech description
—
Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
—
OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
—
Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2022
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Acta Oeconomica
ISSN
0001-6373
e-ISSN
1588-2659
Volume of the periodical
72
Issue of the periodical within the volume
1
Country of publishing house
HU - HUNGARY
Number of pages
21
Pages from-to
25-45
UT code for WoS article
000789139300002
EID of the result in the Scopus database
2-s2.0-85128219227