IDEAS home Printed from https://ideas.repec.org/a/eaa/aeinde/v7y2007i2_1.html
   My bibliography  Save this article

Socio-Economic Determinants Of Development In World Economy: 1820–2005

Author

Listed:
  • Bildirici, Melike

    ()

  • Sunal, Seckin

Abstract

In this multi-country study, sample countries selected from each segment of development levels areanalysed in terms of demography, urbanization, economic policy, geographical location, natural resources, human capital, income distribution and several other factors. In a former study by the authors, that has been published in this journal, OECD countries, EU countries, transition countries, Asian countries and Middle-East countries had been analysed and compared in terms of their development paths and factors that determined their development levels such as real wages, foreign capital, trade, deficits and other economic factors. However, in this study, highest determinance is attributed to political stability. Sample countries are grouped according to their political stability index values. The sample is divided into three groups, the first of which is composed of developed and politically stable countries. The second group is formed by developing countries that experience political instability. The third group is made up of backward countries that suffer severe political instability and poverty. A cross sectional comparison is made among individual and groups of sample countries in terms of variables mentioned above. In application part, country groups are analysed by various time series and panel data methods. The data used in applications cover the period 1985 - 2004. Each country in the sample is analysed for co-integrating vectors in well known time series methodology. Consequently, panel unit-root and panel co-integration results are given. Finally, the table of panel ECM analysis is laid down in the part spared for application and empirical results.

Suggested Citation

  • Bildirici, Melike & Sunal, Seckin, 2007. "Socio-Economic Determinants Of Development In World Economy: 1820–2005," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 7(2), pages 5-22.
  • Handle: RePEc:eaa:aeinde:v:7:y:2007:i:2_1
    as

    Download full text from publisher

    File URL: http://www.usc.es/economet/journals1/aeid/aeid721.pdf
    Download Restriction: Access restricted to subscribers. Free on line subscription for universities from low income countries. More information at http://www.usc.es/economet/info.htm

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Growth; Development; Stability; Political Stability; Political Stability Index; Human Development Index; Panel Co-integration; Panel Error Correction Models;

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • F01 - International Economics - - General - - - Global Outlook
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • I30 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eaa:aeinde:v:7:y:2007:i:2_1. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (M. Carmen Guisan). General contact details of provider: http://www.usc.es/economet/eaa.htm .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.