Is There a Relation Between the Level of Development and Government Systems? An Overview on Latin America, Euroasia and the East Asia

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Özmen Y. P., Bayraktar Durgun G.

International Conference on Eurasian Economies, Kaposvár, Hungary, 29 - 31 August 2016, pp.20-30

  • Publication Type: Conference Paper / Full Text
  • City: Kaposvár
  • Country: Hungary
  • Page Numbers: pp.20-30
  • Yozgat Bozok University Affiliated: Yes


The purpose of this paper is to study if a meaningful relation can be argued between government systems and the level of development by using main socioeconomic indicators. The systems of government in the Latin American, Eurasian and the East Asian countries are classified as presidentialism, president– parliamentary, premier – presidential and parliamentarism. For the aim of the paper, the countries are selected according to the two criteria, population and income. On the basis of 1995-2013 annual data, the time series are obtained from the international organizations and research institutes. The panel data analysis covers socioeconomic indicators (population, gross domestic product per capita, unemployment rate) and some composite indicators (human development index and democracy scores).