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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 …
A Case Of The Philips Curve In The Formation Of A Monetary Union: A Glimpse At High Inflation Countries Of The European Monetary Union, Yuet Wen Wan
University Avenue Undergraduate Journal of Economics
This paper examines how disinflation in high inflation economies affects unemployment levels. According to Keynesian macroeconomic theories, a decrease in inflation will cause an increase in unemployment in the short run. Due to high inflation over the years among countries like Italy and Ireland, their expected inflation rate is significantly high. As a result, when the government starts a process of disinflation though restrictive fiscal and monetary policies, economic activity declines, and significant short run increase in unemployment follows.
The Phillips Curve In The 1990s, Hayden Smith
The Phillips Curve In The 1990s, Hayden Smith
University Avenue Undergraduate Journal of Economics
This paper will explore whether or not the Phillips curve relationship exists for the 1990s. I will attempt to estimate a Phillips curve for the past decade using data for the United States. In section two, I will explain the theory behind the Phillips curve and how the theory has evolved. In section three, I will present a literature review discussing previous research and results. Section four will present my empirical model and data. In section 5, I will present my results and discuss econometric problems such as serial correlation that may lead to biased estimates. In section six I …