Interlinkage between Democracy and Sustainable Development
Keywords:Sustainable Development, Democracy, CO2 emissions, Panel Data
Purpose: This research project examines the directional relationship between democracy and sustainable development. Panel studies over 31 cross countries from 1990 to 2016 finds that improvements in sustainable development predict increase in democracy. Democracy has been measured by the subjective indicators such as civil liberties and political rights. The data has been collected from world development indicator and world governmental indicator. Unit root test has been performed to check for stationarity. Two stage least square methods have been used to explain the dependency of each variable. This study explains that tendency for rise in democracy urbanization tends to fall. The propensity for democracy rises with development, a smaller gap between female and male primary and secondary education accomplishment. The results suggest that gross domestic product have negative impact on democracy. It also attempts the effect of political stability and democracy on sustainable development.