APL (Ajiken Power Lunch)

APL (Ajiken Power Lunch) is a lunchtime workshop open to public, including IDE staffs, visiting research fellows, IDEAS students, outside researchers and graduate students. This workshop provides a platform for presentation of any work in progress where we can discuss in either English or Japanese.

Those who would attend a seminar are asked to announce yourself to receptionists on your arrival at the IDE and to obtain APL Organizers' signature on your admission card after the seminar.

December 21, 2015. (Monday) 12：30-14：00

Institute of Developing Economies, Japan External Trade Organization C24 Meeting Room 　

Democracy-growth dynamics for richer and poorer countries

We study the empirical relationship between democracy and growth using grid-based panel regression and regime-transition frameworks. Our set-up nests several existing approaches, such as Barro (1996) and Gerring et al. (2005), and reconciles their conflicting messages in a more general model. Our main finding is that democracy does cause growth, especially beyond the immediate short-run, by enabling the accumulation of physical, human, social and political capitals. Beyond threshold levels of democratic and economic development, however, there are incentives for de-democratization in order to boost short-run growth at the cost of higher sustained long-run growth.

Heinrich Nax (Department of Humanities, Social and Political Sciences, Eidgenössische Technische Hochschule Zürich)

Takuto Sakamoto

English