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Title: Is democracy beneficial for growth in countries with low ethnic diversity?
Authors: Ghosh, S
Gregoriou, A
Keywords: Ethnic diversity; Democracy; Economic growth; Panel data; GMM system
Issue Date: 2009
Publisher: Brunel University
Citation: Economics and Finance Discussion Paper, Brunel University, 09-08.
Abstract: We study the impact of democracy on economic growth for a panel of the most and least ethnically diverse nations as documented by Easterly and Levine (1997). Using a GMM system to capture endogeneity and simultaneity, we find that democracy exerts a direct positive impact on growth, in addition to ameliorating the adverse effects of ethnic diversity on growth, unlike some of the results of the previous empirical literature.
Appears in Collections:Economics and Finance
Dept of Economics and Finance Research Papers

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