Ấn phẩm
Confucian ism, growth and democracy
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152
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2
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Tóm tắt
Purpose – The purpose of this article is to investigate the impact of Confucianism on growth under different political regimes. Design/methodology/approach – The empirical specification adopts a two-regime panel threshold model proposed by Hansen (1999) to endogenously divide our country sample into two-regime-types – autocracy and democracy – according to a country’ s democratic stock or experiences. Findings – The results show that the effect of Confucianism on growth exhibits an asymmetrical pattern depending on the status of a country’ s political democracy. Only when a moderate level of freedom has already been attained can Confucianism have a positive effect on growth. Conversely, for autocracies whose democratic institutions cannot pass a certain threshold, Confucianism has a very limited effect in terms of changing economic activity. Research limitations/implications – If the data with different sample years and/or different sample countries are used, the research results may lack generalizability. Further tests of the two-regime model with different data sizes are encouraged. Originality/value – The author suse the World Values Survey (WVS) map to identify the countries under the i n f l u e n c e o f C o n f u c i a n i s m . T h e a u t h o r s e m p h a s i z e t h a t f o c u s i n g o n l y o n p o l i t i c a l g e o g r a p h y m a y o v e r l o o k t h e i n f o r m a t i o n f r o m t h e s p r e a d o f c u ltural traits that accompanied the migration of people. So, based on the Confucian countries suggested by the WVS and the migration matrix of Putterman and Weil (2010), an immigration-based Confucianism variable was constructed. To accommodate different effects of Confucianism on growth in different phases of political development, the empirical specification adopts an asymmetrical pattern to investigate the impact of Confucianism on economic performance.
Mô tả
economic history
Tác giả
Tay-Cheng Ma
Tác giả khác
Lishu Ouyang
Người hướng dẫn
Nơi xuất bản
Nhà xuất bản
Kinh Tế Quốc Dân
Năm xuất bản
2019
ISSN tạp chí
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Từ khóa chủ đề
Confucianism , Growth , Democracy , Two-regime panel threshold model
