The European Journal of Comparative Economics

ISSN: 1824-2979

EJCE Year: 2014, December. Volume: 11 - Issue: 2

The Democracy and Economic Growth Nexus: Empirical Evidence from Cote d'Ivoire

by Wadjamsse B. Djezou

Start page: 251 - End page: 266

Keywords: Democracy; Income; Cointegration; Causality

Jel code: C32; D72; O10; P16

DOI:

Abstract:

This paper investigates the relation between economic growth and democracy for Cote d'Ivoire for the period 1960 to 2012. It analyzes both the long-run relation and the direction of causality. To this end, an autoregressive distributed lag (ARDL) model of cointegration and a Granger causality test have been implemented within a vector error correction model (VECM) framework. The results show cointegration in the long run when regime durability is taken into account. Indeed, for economic growth and democracy to move together in the long run, they need to be associated with regime durability. The tests for causality show long run causality running from GDP per capita and regime durability to democracy. In the short run, only the regime durability granger causes democracy. These results suggest that economic growth through strong institutions is a precondition for democratization.

View this article (PDF)

In case of problems please write an e-mail to secretariat.ejce@liuc.it

Publisher perpetually authorizes participants in the LOCKSS system to archive and restore EJCE articles through the LOCKSS System for the benefit of all LOCKSS System participants. EJCE is registered as OAI-PMH data provider. OAI - Records check.
EJCE, 2018-    : Registro stampa Trib. Busto Arsizio n. 7/18 del 13.07.2018; Direttore responsabile: Piero Cavaleri, Università Carlo Cattaneo - LIUC c.so Matteotti 22 20153 Castellanza VA
EJCE, 2004-2017: Supplemento a LIUC Papers, Registro stampa Trib. Busto Arsizio n. 11/93 del 11.06.1993; Direttore responsabile: Piero Cavaleri, Università Carlo Cattaneo - LIUC c.so Matteotti 22 20153 Castellanza VA