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http://bura.brunel.ac.uk/handle/2438/3452| Title: | Is democracy beneficial for growth in countries with low ethnic diversity? |
| Authors: | Ghosh, S Gregoriou, A |
| Keywords: | Ethnic diversity; Democracy; Economic growth; Panel data; GMM system |
| Issue Date: | 2009 |
| Publisher: | Brunel University |
| 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. |
| URI: | http://bura.brunel.ac.uk/handle/2438/3452 |
| Appears in Collections: | Economics and Finance Dept of Economics and Finance Research Papers |
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