Reconsidering the modernization hypothesis: The role of diversified production and interest-group competition

Allbwn ymchwil: Cyfraniad at gyfnodolynErthygladolygiad gan gymheiriaid

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Dangosydd eitem ddigidol (DOI)

  • Giovanni B. Pittaluga
    University of Genoa
  • Alessio Reghezza
  • Elena Seghezza
    University of Genoa
The modernization hypothesis attributes democracy to higher incomes. The hypothesis has been controversial with claims of no relationship or opposite causality. Using data on a large sample of countries over the period from 1995 to 2015, we show empirically that the hypothesis is valid by studying the role of diversified production and interest-group competition. Production diversification increases incomes and is associated with emergence of competing organized interest groups representing the different diversified sectors. The interest-group competition underlies democracy by restraining rent seeking for benefits that would otherwise be sought through single-decision-maker authoritarian government.

Allweddeiriau

Iaith wreiddiolSaesneg
Rhif yr erthygl101929
CyfnodolynEuropean Journal of Political Economy
Cyfrol65
Dyddiad ar-lein cynnar14 Awst 2020
Dynodwyr Gwrthrych Digidol (DOIs)
StatwsCyhoeddwyd - Rhag 2020

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