Record Details

Democracy and poverty reduction

Philippine Review of Economics

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Field Value
 
Title Democracy and poverty reduction
 
Creator Fabella, Vigile Marie B.; University of the Philippines School of Economics
Oyales, Czarina Eva I.; University of the Philippines School of Economics
 
Subject democracy; poverty; 2-stage least squares
 
Description The past decade was witness to the rapid economic growth of countries whose political systems deviate from conventional democratic philosophy. Countries such as Taiwan, Singapore, and South Korea, among others, have become big economies rivaling major players like the United States and the United Kingdom. On the other hand, democratic, low-income countries have experienced relatively sluggish growth. In this paper, we explore the influence of democracy and political freedom on economic growth, utilizing poverty reduction as its indicator. We will focus on identifying the requisites of a functioning democracy within the context of developing nations that will enable it to effectively reduce poverty. Utilizing the 2-stage least squares method of estimation, our findings suggest that democracy, in general, has a negative influence on poverty reduction for developing countries. However, when complemented with trade openness, primary education, regulatory quality, effective governance, and voice and accountability, the outcome becomes positive. JEL classification: I30, O43
 
Publisher Philippine Review of Economics
 
Contributor —
 
Date 2010-09-28
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.econ.upd.edu.ph/pre/index.php/pre/article/view/184
 
Source Philippine Review of Economics; Vol 45, No 2 (2008)
1655-1516
 
Language eng
 
Relation http://www.econ.upd.edu.ph/pre/index.php/pre/article/view/184/657
 
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