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dc.contributor.authorGhosh, S-
dc.contributor.authorGregoriou, A-
dc.identifier.citationEconomics and Finance Discussion Paper, Brunel University, 09-08.en
dc.description.abstractWe 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.en
dc.format.extent177138 bytes-
dc.publisherBrunel Universityen
dc.subjectEthnic diversity; Democracy; Economic growth; Panel data; GMM systemen
dc.titleIs democracy beneficial for growth in countries with low ethnic diversity?en
dc.typeWorking Paperen
Appears in Collections:Economics and Finance
Dept of Economics and Finance Research Papers

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