ENHANCING ECONOMIC GROWTH THROUGH DEMOCRACY –DRIVEN GROWTH
Author Name: 1.M. Tamilarasan
Volume/Issue: 06/09
Country: India
DOI NO.: 08.2020-25662434 DOI Link: https://doi-ds.org/doilink/03.2026-81339785/UIJIR
Affiliation:
- Ph.D. Scholar , Department of Economics, University of Madras, Chennai, India.
ABSTRACT
This study analyzes the relation between democracy levels and gross domestic product (GDP) growth and sector growth across high democracy indexed countries and low democracy indexed countries using the Democracy Index. The analysis uses the secondary data from authentic sources (World Bank Group, Economist Intelligence Unit); it compares economic growth and sector focus differences in high democracy nations versus low democracy nations. The finding reveals that the high democracy indexed nation’s well archive the growth and are more focused on service sector growth and manufacturing sector, compared to the low democracy indexed nations, which have a low growth rate archive and are mainly focused on agriculture sector growth.
Key words: Democracy Index, GDP, Sector wise growth, Growth, World Bank data, Economist Intelligence Unit.
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