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|Title:||Is democracy beneficial for growth in countries with low ethnic diversity?|
|Keywords:||Ethnic diversity; Democracy; Economic growth; Panel data; GMM system|
|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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