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Does democracy guarantee the resilience of African economies? Analysis based on a duration model

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  • Koffi, Siméon

Abstract

Based on a panel of 144 developing countries for the period from 1960 to 2020 and using the duration model, our estimates focused on two (02) groups of countries, namely African countries, and countries outside Africa. For the latter, the results showed that democracy is a factor that strengthens their resilience insofar as it intervenes to support growth spells in the event of negative external shocks. In other words, democracy lengthens the duration of growth spells and promotes more resilient and sustainable growth. For African countries, however, the opposite effect occurs. Indeed, African countries with democratic regimes have a much shorter growth survival rate than autocratic ones.

Suggested Citation

  • Koffi, Siméon, 2022. "Does democracy guarantee the resilience of African economies? Analysis based on a duration model," MPRA Paper 113968, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:113968
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    References listed on IDEAS

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    1. Berg, Andrew & Ostry, Jonathan D. & Zettelmeyer, Jeromin, 2012. "What makes growth sustained?," Journal of Development Economics, Elsevier, vol. 98(2), pages 149-166.
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    4. Adam Przeworski & Fernando Limongi, 1993. "Political Regimes and Economic Growth," Journal of Economic Perspectives, American Economic Association, vol. 7(3), pages 51-69, Summer.
    5. Jonathan David Ostry & Andrew Berg & Charalambos G Tsangarides, 2014. "Redistribution, Inequality, and Growth," IMF Staff Discussion Notes 14/02, International Monetary Fund.
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    More about this item

    Keywords

    duration model; resilience; growth spells;
    All these keywords.

    JEL classification:

    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • C18 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Methodolical Issues: General
    • C4 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics

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