Vliv demokracie na ekonomický růst

Abstract

Thesis „The Influence of Democracy on Economic Growth“ followed up many empirical studies which were focused on relationship between political regime and economic growth. The aim of this work is to find out whether the economic growth is influenced by the ideological orientation of the state government. For investigation of this influence an econometric regression model was used which contained a sample of the democratic states. The first part of the study deals with the theoretical background of state, ideology, democracy and economic growth. The second part of this study is focused on the literature which deals with this topic, and on methodology. The third part of the study creates two econometric models which investigate influence of ideological orientation of the state government on the economic level and economic growth. Both cases show that ideological orientation of the government is statistically insignificant. According to the result of work it can be said that ideological orientation of the state government does not belong to singnificant factors which can influence economic growth or living standarts.