The "Three-D-Relationship": Do Democracy and Development Lead to Increased Debt?
The paper aims to test the research hypothesis of whether more democratic and economically developed countries tend to have higher public debts (the "Three-D-Relationship") or not. The hypothesis was tested on a panel of 91 countries over the period from 2012 to 2016 using a two way analys...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Mendel University, Brno
2020-08-01
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| Series: | European Journal of Business Science and Technology |
| Subjects: | |
| Online Access: | https://ejobsat.cz/artkey/ejo-202001-0001_the-8220-three-d-relationship-8221-do-democracy-and-development-lead-to-increased-debt.php |
| _version_ | 1818976759119347712 |
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| author | Petr Blížkovský Luboš Střelec Kateřina Blížkovská |
| author_facet | Petr Blížkovský Luboš Střelec Kateřina Blížkovská |
| author_sort | Petr Blížkovský |
| collection | DOAJ |
| description | The paper aims to test the research hypothesis of whether more democratic and economically developed countries tend to have higher public debts (the "Three-D-Relationship") or not. The hypothesis was tested on a panel of 91 countries over the period from 2012 to 2016 using a two way analysis of variance where debt was the dependent variable and regime type and income levels were factors. The results only partially confirmed the hypothesis. Higher democratic standards did correlate with higher debt levels. Similarly, higher income levels also correlated with bigger debt burden. Both "democracy" and "development" combined was not linked to higher debt levels. |
| first_indexed | 2024-12-20T16:16:57Z |
| format | Article |
| id | doaj.art-de63ef3fa0c140c3a0db0739ff36ed52 |
| institution | Directory Open Access Journal |
| issn | 2336-6494 2694-7161 |
| language | English |
| last_indexed | 2024-12-20T16:16:57Z |
| publishDate | 2020-08-01 |
| publisher | Mendel University, Brno |
| record_format | Article |
| series | European Journal of Business Science and Technology |
| spelling | doaj.art-de63ef3fa0c140c3a0db0739ff36ed522022-12-21T19:33:47ZengMendel University, BrnoEuropean Journal of Business Science and Technology2336-64942694-71612020-08-01612136ejo-202001-0001The "Three-D-Relationship": Do Democracy and Development Lead to Increased Debt?Petr Blížkovský0Luboš Střelec1Kateřina Blížkovská2European Committee of the Regions, Brussels, BelgiumMendel University in Brno, Czech RepublicHumboldt University, Berlin, GermanyThe paper aims to test the research hypothesis of whether more democratic and economically developed countries tend to have higher public debts (the "Three-D-Relationship") or not. The hypothesis was tested on a panel of 91 countries over the period from 2012 to 2016 using a two way analysis of variance where debt was the dependent variable and regime type and income levels were factors. The results only partially confirmed the hypothesis. Higher democratic standards did correlate with higher debt levels. Similarly, higher income levels also correlated with bigger debt burden. Both "democracy" and "development" combined was not linked to higher debt levels.https://ejobsat.cz/artkey/ejo-202001-0001_the-8220-three-d-relationship-8221-do-democracy-and-development-lead-to-increased-debt.phpdemocracyauthoritarian regimeseconomic developmentpublic debtgdppublic policy |
| spellingShingle | Petr Blížkovský Luboš Střelec Kateřina Blížkovská The "Three-D-Relationship": Do Democracy and Development Lead to Increased Debt? European Journal of Business Science and Technology democracy authoritarian regimes economic development public debt gdp public policy |
| title | The "Three-D-Relationship": Do Democracy and Development Lead to Increased Debt? |
| title_full | The "Three-D-Relationship": Do Democracy and Development Lead to Increased Debt? |
| title_fullStr | The "Three-D-Relationship": Do Democracy and Development Lead to Increased Debt? |
| title_full_unstemmed | The "Three-D-Relationship": Do Democracy and Development Lead to Increased Debt? |
| title_short | The "Three-D-Relationship": Do Democracy and Development Lead to Increased Debt? |
| title_sort | three d relationship do democracy and development lead to increased debt |
| topic | democracy authoritarian regimes economic development public debt gdp public policy |
| url | https://ejobsat.cz/artkey/ejo-202001-0001_the-8220-three-d-relationship-8221-do-democracy-and-development-lead-to-increased-debt.php |
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