Does Democratization Help Growth? A Propensity Score Matching Approach

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dc.contributorSchmeiser, Katherine
dc.contributorRobinson, Margaret
dc.contributor.advisorAdelman, Sarah
dc.contributor.authorTran, Thu
dc.date.accessioned2017-05-08T18:09:48Z
dc.date.available2017-05-08T18:09:48Z
dc.date.gradyear2017en_US
dc.date.issued2017-05-08
dc.description.abstractI apply propensity score matching to estimate the average and individual effects of 65 democratizations in the 1965-2011 period on long-term growth. The matching successfully establishes balance between the control and treatment groups in terms of pre-transition democracy, economic development, wars and political instability, geographical characteristics, and time of transition. A democratization is estimated to raise long-term growth by more than 0.7 percentage points on average, but the individual effects of democratizations are highly heterogeneous. Counterfactual growth acceleration is nominal and even slightly negative, suggesting that prolonged autocracy harms growth. We, however, must be cautious in concluding that democracy benefits long-term growth.en_US
dc.description.sponsorshipEconomicsen_US
dc.identifier.urihttp://hdl.handle.net/10166/4017
dc.language.isoen_USen_US
dc.rightsAttribution-NonCommercial 3.0 United States*
dc.rights.restrictedrestricteden_US
dc.rights.urihttp://creativecommons.org/licenses/by-nc/3.0/us/*
dc.subjectEconomicsen_US
dc.subjectdemocratizationen_US
dc.subjectdemocracyen_US
dc.subjectpropensity score matchingen_US
dc.titleDoes Democratization Help Growth? A Propensity Score Matching Approachen_US
dc.typeThesis
mhc.degreeUndergraduateen_US
mhc.institutionMount Holyoke College

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