The role of middle class in democratic diffusion

Chun, Natalie, Hasan, Rana, Rahman, Muhammad Habibur and Ulubaşoğlu, Mehmet A. 2016, The role of middle class in democratic diffusion, International review of economics and finance, vol. 42, pp. 536-548, doi: 10.1016/j.iref.2015.10.021.

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Title The role of middle class in democratic diffusion
Author(s) Chun, Natalie
Hasan, Rana
Rahman, Muhammad HabiburORCID iD for Rahman, Muhammad Habibur orcid.org/0000-0002-8493-3873
Ulubaşoğlu, Mehmet A.ORCID iD for Ulubaşoğlu, Mehmet A. orcid.org/0000-0003-3055-5755
Journal name International review of economics and finance
Volume number 42
Start page 536
End page 548
Total pages 13
Publisher Elsevier
Place of publication Amsterdam, The Netherlands
Publication date 2016-03
ISSN 1059-0560
Keyword(s) Middle class
Modernization hypothesis
Spatial domino theory
Democracy
Summary The modernization hypothesis and the democratic domino theory have been at the forefront in explaining the democratization around the globe. This paper empirically investigates the ‘middle class-driven modernization’ hypothesis and the ‘middle class-driven democratic domino’ effect in a panel of 145 countries over the period 1985 to 2013. Using several middle class measures and a dynamic panel estimator, we show that the ‘middle class-driven modernization’ hypothesis finds strong empirical support in the sample of developing countries excluding Eastern Europe and Central Asia, while the ‘middle class-driven democratic domino’ effect finds support in the sample of developing countries excluding East Asia and the Pacific
Language eng
DOI 10.1016/j.iref.2015.10.021
Field of Research 140202 Economic Development and Growth
1502 Banking, Finance And Investment
Socio Economic Objective 910106 Income Distribution
HERDC Research category C1 Refereed article in a scholarly journal
ERA Research output type C Journal article
Copyright notice ©2015, Elsevier
Persistent URL http://hdl.handle.net/10536/DRO/DU:30081760

Document type: Journal Article
Collection: Department of Economics
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