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The story that I was never told

Areny Naves, Lluc LU (2020) EKHS42 20201
Department of Economic History
Abstract
Winston Churchill once said “democracy is the worst form of government except for all those other forms that have been tried from time to time”. Can this sentence be related to economic growth and development? This thesis analyzes the economic outcomes of the two main political regimes (Democracy and Dictatorship) in the developing world and discovers that Churchill’s words cannot be applied for long-run growth. The Pooled OLS model employed in Asian and South American nations find that democracy hurts economic growth. Despite this result, the models utilized in the thesis have a low r-squared. Finally, I argue that the evidence found in the thesis is consistent with the theoretical implications of Przeworski, Alvarez, Cheibub, and Limongi... (More)
Winston Churchill once said “democracy is the worst form of government except for all those other forms that have been tried from time to time”. Can this sentence be related to economic growth and development? This thesis analyzes the economic outcomes of the two main political regimes (Democracy and Dictatorship) in the developing world and discovers that Churchill’s words cannot be applied for long-run growth. The Pooled OLS model employed in Asian and South American nations find that democracy hurts economic growth. Despite this result, the models utilized in the thesis have a low r-squared. Finally, I argue that the evidence found in the thesis is consistent with the theoretical implications of Przeworski, Alvarez, Cheibub, and Limongi (2000) and Huntington (1968). (Less)
Please use this url to cite or link to this publication:
author
Areny Naves, Lluc LU
supervisor
organization
alternative title
The long run economic growth of dictatorships and democracies in Asia and South America
course
EKHS42 20201
year
type
H2 - Master's Degree (Two Years)
subject
keywords
Developing world, Democracy, Dictatorship, Economic growth
language
English
id
9022376
date added to LUP
2020-09-22 08:43:37
date last changed
2020-09-22 08:43:37
@misc{9022376,
  abstract     = {{Winston Churchill once said “democracy is the worst form of government except for all those other forms that have been tried from time to time”. Can this sentence be related to economic growth and development? This thesis analyzes the economic outcomes of the two main political regimes (Democracy and Dictatorship) in the developing world and discovers that Churchill’s words cannot be applied for long-run growth. The Pooled OLS model employed in Asian and South American nations find that democracy hurts economic growth. Despite this result, the models utilized in the thesis have a low r-squared. Finally, I argue that the evidence found in the thesis is consistent with the theoretical implications of Przeworski, Alvarez, Cheibub, and Limongi (2000) and Huntington (1968).}},
  author       = {{Areny Naves, Lluc}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{The story that I was never told}},
  year         = {{2020}},
}