Relationship between democracy and development: Evidence from Bangladesh

The paper examines the effect of democracy on the development outcomes of Bangladesh for the period 1972 to 2016. It analyzes both the long-run relation and the direction of causality using the Vector Error Correction Model (VECM) framework. The paper uses the Polity data constructed by the Polity I...

Cijeli opis

Bibliografski detalji
Glavni autor:	Zakaria, Sultan Mohammed
Format:	Working Paper
Jezik:	en_US
Izdano:	BRAC Institute of Governance and Development (BIGD) 2022
Teme:	Bangladesh Co-integration Democracy Economic development
Online pristup:	http://hdl.handle.net/10361/15886

id	10361-15886
record_format	dspace
spelling	10361-158862022-01-12T21:01:41Z Relationship between democracy and development: Evidence from Bangladesh Zakaria, Sultan Mohammed Bangladesh Co-integration Democracy Economic development The paper examines the effect of democracy on the development outcomes of Bangladesh for the period 1972 to 2016. It analyzes both the long-run relation and the direction of causality using the Vector Error Correction Model (VECM) framework. The paper uses the Polity data constructed by the Polity IV project as the proxy for democracy, and GDP per capita (constant 2010 US$) as the proxy for development. The estimation based on VEC Model suggests the coefficients of co-integration equations do not adjust towards either long-run or short-run equilibrium, meaning that the results find no evidence of any relationship between democracy and economic development in Bangladesh. 2022-01-12T08:47:54Z 2022-01-12T08:47:54Z 2016 2016-09 Working Paper http://hdl.handle.net/10361/15886 en_US https://bigd.bracu.ac.bd/publications/relationship-between-democracy-and-development-evidence-from-bangladesh/ application/pdf BRAC Institute of Governance and Development (BIGD)
institution	Brac University
collection	Institutional Repository
language	en_US
topic	Bangladesh Co-integration Democracy Economic development
spellingShingle	Bangladesh Co-integration Democracy Economic development Zakaria, Sultan Mohammed Relationship between democracy and development: Evidence from Bangladesh
description	The paper examines the effect of democracy on the development outcomes of Bangladesh for the period 1972 to 2016. It analyzes both the long-run relation and the direction of causality using the Vector Error Correction Model (VECM) framework. The paper uses the Polity data constructed by the Polity IV project as the proxy for democracy, and GDP per capita (constant 2010 US$) as the proxy for development. The estimation based on VEC Model suggests the coefficients of co-integration equations do not adjust towards either long-run or short-run equilibrium, meaning that the results find no evidence of any relationship between democracy and economic development in Bangladesh.
format	Working Paper
author	Zakaria, Sultan Mohammed
author_facet	Zakaria, Sultan Mohammed
author_sort	Zakaria, Sultan Mohammed
title	Relationship between democracy and development: Evidence from Bangladesh
title_short	Relationship between democracy and development: Evidence from Bangladesh
title_full	Relationship between democracy and development: Evidence from Bangladesh
title_fullStr	Relationship between democracy and development: Evidence from Bangladesh
title_full_unstemmed	Relationship between democracy and development: Evidence from Bangladesh
title_sort	relationship between democracy and development: evidence from bangladesh
publisher	BRAC Institute of Governance and Development (BIGD)
publishDate	2022
url	http://hdl.handle.net/10361/15886
work_keys_str_mv	AT zakariasultanmohammed relationshipbetweendemocracyanddevelopmentevidencefrombangladesh
_version_	1814309288706834432

Relationship between democracy and development: Evidence from Bangladesh

Similar Items