English, Article, Journal or magazine article edition: Democracy and Economic Development: a Fuzzy Classification Approach Ana Margarida Oliveira Brochado; Francisco Vitorino Martins

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Bookmark: http://trove.nla.gov.au/version/182834
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Democracy and Economic Development: a Fuzzy Classification Approach
Author
  • Ana Margarida Oliveira Brochado
  • Francisco Vitorino Martins
Physical Description
  • preprint
Notes
  • The aim of this work is to (1) analyse whether countries differ on political indicators (democracy, rule of law, government effectiveness and corruption) and (2) study whether countries with different political profiles are associated with different levels of economic, human development and gender-related development indicators. Using a fuzzy classification approach (fuzzy k-means algorithm), we propose a typology of 124 countries based on 10 political variables. Six segments are identified; these political groups implicate the access to different levels of economic and human development. In this study evidence of a positive but not perfect relationship between democracy and economic and human development is observed, thus presenting new insights for the understanding of the heterogeneity of behaviors relatively to political indicators.
  • Democracy, Economic Development, Fuzzy k-means
  • RePEc:por:fepwps:180
Language
  • English
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