Luis Brites Pereira
Nova School of Business and Economics
Campus de Campolide
1099-032 Campolide, Lisboa PORTUGAL
NBER Working Papers and Publications
|October 2013||Globalization, Democracy and Development|
with Jorge Braga de Macedo, Joaquim Oliveira Martins, João Tovar Jalles: w19575
This paper addresses the interactions between globalization, the quality of democracy, and economic convergence using simultaneous estimation techniques. To reflect process, we use multi-dimensional, de facto, and continuous measures of democracy and globalization. To reflect context, as defined by space (geography) and time (history), we control for the distance to the income frontier. Using this measure of development, we extend the test for the two-way relationship between democracy and globalization put forward by Eichengreen and Leblang (2008) for the period 1870-2000. Focusing on the more recent wave of globalization (1970-2005), we find a two-way relationship between democracy and globalization and also significant two-way relationships with development. In the restricted sample of ...