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Should market liberalisation precede democracy? Causal relations between political preferences and development

This paper looks at the relationship between market development and democracy. We ask if demand for democracy emerges only after a certain degree of market development has been reached and, conversely, whether democratisation is likely to hinder acceptance of market liberalisation. Our study, which is based on the 2006 Life in Transition Survey, finds that democracy enhances support for market development, but that economic liberalisation does not clearly increase support for democracy.

Link http://www.ebrd.org/pubs/econo/series/wp.htm
Author Grosjean, P., Senik, C
Date Aug 07
Institute EBRD
Tags market, development, democracy, liberalisation

See also

  1. Monthly newsletter "Market Studies" - March 2005
  2. Central Asia: governments, banks gradually open up to Islamic banking
  3. EPIN Working Paper №4 - How Can Financial System Spur Growth in Transition Economies
  4. A framework for a development strategy in a market economy: objectives, scope, institutions and instruments
  5. World Development Report 2008: agriculture for development

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