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The Dictator’s Knowledge Problem Read chapter Read first chapter

2019 | OriginalPaper | Chapter

7. The Impact of Democracy on the Transition Through the Middle Income Range

Authors : Whitney Buser, Joseph Connors

Published in: Economic and Political Institutions and Development

Publisher: Springer International Publishing

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Abstract

This paper finds evidence in support of the view that democracy further facilitates growth through middle income thresholds defined between $8000 and $15,000 GDP per capita. Recent studies suggest that rapidly developing economies experience an economic slowdown when per capita income approaches this range. Prior research indicates that structural reforms supportive of democracy are needed to transition beyond these thresholds. Our analysis corroborates these findings and may have important implications for rapidly growing countries approaching these income levels, such as China and India.

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Footnotes
1
The mean value of the threshold was $16,740 while the median was $15,058.
 
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Metadata
Title
The Impact of Democracy on the Transition Through the Middle Income Range
Authors
Whitney Buser
Joseph Connors
Copyright Year
2019
Book
Economic and Political Institutions and Development

Print ISBN: 978-3-030-06048-0

Electronic ISBN: 978-3-030-06049-7

Copyright Year: 2019

DOI
https://doi.org/10.1007/978-3-030-06049-7_7