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Globalization and Democracy: A Disaggregated Analysis by Income Group

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  • Kollias Christos

    (Department of Economics, University of Thessaly, Korai 43, 38333 Volos, Greece)

  • Paleologou Suzanna Maria

    (Department of Economics, Aristotle University of Thessaloniki, 54124 Thessaloniki, Greece)

Abstract

The nexus between globalization and democracy has generated fervent discussions in the relevant literature. This paper addresses the globalization-democracy question using the KOF index that allows for the multidimensionality of this process and hence different channels through which globalization can affect democracy. Furthermore, any effect exerted by globalization on democracy may differ depending on a country’s attributes. To this effect, we allow for possible differences that depend upon the level of development, the sample of 110 countries used here was split into four different income groups: high, upper-middle, lower-middle and low income. On balance, the results yielded using the Polity 2 index of democracy point to a positive impact of globalization on democracy but this was not a universal finding across all income groups and differences were unearthed by the estimated panel models covering the period 1970–2011.

Suggested Citation

  • Kollias Christos & Paleologou Suzanna Maria, 2016. "Globalization and Democracy: A Disaggregated Analysis by Income Group," Global Economy Journal, De Gruyter, vol. 16(2), pages 213-228, June.
    • Handle: RePEc:bpj:glecon:v:16:y:2016:i:2:p:213-228:n:6
    DOI: 10.1515/gej-2015-0048
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    Cited by:

    1. Mishra, Sudhanshu K, 2018. "A Simultaneous Equation Model of Globalization, Corruption, Democracy, Human Development and Social Progress," MPRA Paper 84213, University Library of Munich, Germany.
    2. Pavel S. Pronin, 2020. "International Trade And Democracy: How Trade Partners Affect Regime Change And Persistence," HSE Working papers WP BRP 75/PS/2020, National Research University Higher School of Economics.
    3. Sudhanshu K. Mishra, 2018. "A Study on Regime Type and Globalization in Simultaneous Equation Framework," Journal of Economics and Financial Analysis, Tripal Publishing House, vol. 2(1), pages 99-128.

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