Yıl 2021, Cilt 8 , Sayı 1, Sayfalar 1 - 22 2021-03-21

A Review on the Relationship Between Political Freedom and Economic Development
A Review on the Relationship Between Political Freedom and Economic Development

Mohamed ABDULKARİM [1] , Ahmet Yılmaz ATA [2]


The Arab Spring has urged reviewing the association of the political and economic variables. There is no consensus in the literature about this relationship. This article reviews the related literature and highlights some guidelines for forming a suitable model to study this relationship accounting for criticisms of various models. Thus, this study recommends that (1), empirically, democracy should be decomposed into its determinants, (2) economic development should include GDP per capita and the development quality indexes, (3) using the V-dem dataset could improve future studies' credibility because it avoids most pitfalls of rival datasets, (4) causality study aids in designing policies to improve economic stability, and (5) using a cross-sectional sample to emphasize the countries specifications` differences when studying the aforementioned relationship.
The Arab Spring has urged reviewing the association of the political and economic variables. There is no consensus in the literature about this relationship. This article reviews the related literature and highlights some guidelines for forming a suitable model to study this relationship accounting for criticisms of various models. Thus, this study recommends that (1), empirically, democracy should be decomposed into its determinants, (2) economic development should include GDP per capita and the development quality indexes, (3) using the V-dem dataset could improve future studies' credibility because it avoids most pitfalls of rival datasets, (4) causality study aids in designing policies to improve economic stability, and (5) using a cross-sectional sample to emphasize the countries specifications` differences when studying the aforementioned relationship.
Democracy, Economic Development, Political Freedom
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Birincil Dil en
Konular Kamu Yönetimi, Siyasi Bilimler, İktisat
Bölüm Research Article
Yazarlar

Orcid: 0000-0001-9364-2595
Yazar: Mohamed ABDULKARİM (Sorumlu Yazar)
Kurum: KAHRAMANMARAŞ SÜTÇÜ İMAM ÜNİVERSİTESİ
Ülke: Turkey


Orcid: 0000-0001-5928-8801
Yazar: Ahmet Yılmaz ATA
Kurum: KAHRAMANMARAŞ SÜTÇÜ İMAM ÜNİVERSİTESİ
Ülke: Turkey


Tarihler

Yayımlanma Tarihi : 21 Mart 2021

APA Abdulkarim, M , Ata, A . (2021). A Review on the Relationship Between Political Freedom and Economic Development . Equinox Journal of Economics Business and Political Studies , 8 (1) , 1-22 . DOI: 10.48064/equinox.857290