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Social and Behavioral Sciences Commons™
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Articles 1 - 3 of 3
Full-Text Articles in Social and Behavioral Sciences
The Impact Of Democracy On Economic Growth In South Asia, Rijul Alvan Das, Siddharth --
The Impact Of Democracy On Economic Growth In South Asia, Rijul Alvan Das, Siddharth --
Undergraduate Economic Review
One of the most fundamental themes that combine the disciplines of political science and economics is the role played by democracy in the economic growth of a country. Does democracy accelerate or hinder growth? The literature is divided on this topic with both sides presenting strong empirical and theoretical views. This paper studies this issue in the context of South Asia. Our theoretical framework brings out the key characteristics that are often highlighted in both sides of the intellectual debate. Using econometric methods and tools such as Pooled, Fixed and Random Effects estimates, we aim to study the relationship between …
Is Diamond A Resource Curse For Africa?, Karli Hamrick
Is Diamond A Resource Curse For Africa?, Karli Hamrick
Undergraduate Economic Review
This paper investigates the resource curse in diamond exporting industry in African countries. The empirical evidence about the “resource curse” is mixed in literature and almost none has been done regarding diamond. Our study aims to bridge that gap. The results suggest that diamond export is positively correlated with well-being in a group of African countries. In other words, the “resource curse” may not occur in diamond mining industry after the Kimberly Process (KP) was put in place in 2002. We argue that the KP serves as a good institution and has created good incentives for firms in the industry. …
Making The Grade: The Contribution Of Education Expenditure To Economic Growth, Neil Frank
Making The Grade: The Contribution Of Education Expenditure To Economic Growth, Neil Frank
Undergraduate Economic Review
Does education expenditure promote long-run economic growth? Empirical evidence is inconclusive. This paper addresses the question of how education expenditure influences economic growth using a long run growth accounting model analyzing 179 countries from 1970 to 2014. Overall, the results indicate that education expenditure does positively affect growth. However, when the sample is split into different criteria based on economic prosperity of the countries in question, the results change. In non-oil countries education expenditure increases economic growth, in developing countries education expenditure has a negative impact and in OECD countries the impact is non-significant.