Does economic openness affect liberal and electoral democracy in a different way? Empirical evidence from developing countries


Kablamaci B.

SCOTTISH JOURNAL OF POLITICAL ECONOMY, cilt.66, sa.3, ss.404-433, 2019 (SSCI) identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 66 Sayı: 3
  • Basım Tarihi: 2019
  • Doi Numarası: 10.1111/sjpe.12193
  • Dergi Adı: SCOTTISH JOURNAL OF POLITICAL ECONOMY
  • Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus
  • Sayfa Sayıları: ss.404-433
  • İstanbul Üniversitesi Adresli: Hayır

Özet

The focus of this paper was to empirically analyze the impacts of economic liberalization on the liberal and electoral democracy in a sample of 106 less developed and developing countries over the period 1970-2016. The economic relationship between these countries and the global trade and the financial system generates a crucial question of to what extent political conditions are affected by this changing relation. To test these relationships, this paper uses V-Dem's liberal democracy and electoral democracy indices and nine economic liberalization variables. Utilizing two-step system dynamic panel GMM estimation indicates that trade openness and economic globalization, de facto strongly affects electoral democracy.