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Economic Development and Semi-Democracies: The Relationship between Economic Development and Political Regimes in Malaysia and Singapore, 1960-2004
Unformatted Document Text:  26 This implies that even though the economy performs well, Malaysia’s political regimes are still moving to more autocracy. However, this moving average is not significant because the confidence interval includes zeros. Therefore, there is no relationship between economic development and Malaysia’s semi-democracy. According to figure 4, polity and GDP have significant impact on Singapore’s political regimes. The first column, figure 4 reveals that a one-standard-deviation positive shock to Singapore’s polity produces an approximately initial 1.7 standard- deviation increase in its polity, followed by a gradual decrease in being democracy over the years. After twelfth year, the shock to Singapore’s polity produces a movement toward an autocratic state. The GDP had a strong impact on Singapore’s polity at the early years. But its impact started to be weakened over time until it is not significant at twelfth year. The second column, figure 4 implies that at the first year, a one-standard- deviation positive shock to GDP produces an approximately initial 0.6 standard- deviation increase in polity, followed by a gradual decrease in the value of polity which means becoming more autocratic state. After second year, the impact of GDP is in decline while Singapore’s political regime began to be more autocratic. This can imply that even though the economy performs well, Singapore’s political regime does not become more democratic state. Conclusion In this paper, I examine whether there is a significant relationship between economic development and semi-democratic regimes in the long term and how semi- democratic regimes are related to economic development. Asian NICs countries,

Authors: Laiprakobsup, Thanapan.
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26
This implies that even though the economy performs well, Malaysia’s political regimes
are still moving to more autocracy. However, this moving average is not significant
because the confidence interval includes zeros. Therefore, there is no relationship
between economic development and Malaysia’s semi-democracy.
According to figure 4, polity and GDP have significant impact on Singapore’s
political regimes. The first column, figure 4 reveals that a one-standard-deviation
positive shock to Singapore’s polity produces an approximately initial 1.7 standard-
deviation increase in its polity, followed by a gradual decrease in being democracy over
the years. After twelfth year, the shock to Singapore’s polity produces a movement
toward an autocratic state. The GDP had a strong impact on Singapore’s polity at the
early years. But its impact started to be weakened over time until it is not significant at
twelfth year. The second column, figure 4 implies that at the first year, a one-standard-
deviation positive shock to GDP produces an approximately initial 0.6 standard-
deviation increase in polity, followed by a gradual decrease in the value of polity which
means becoming more autocratic state. After second year, the impact of GDP is in
decline while Singapore’s political regime began to be more autocratic. This can imply
that even though the economy performs well, Singapore’s political regime does not
become more democratic state.
Conclusion
In this paper, I examine whether there is a significant relationship between
economic development and semi-democratic regimes in the long term and how semi-
democratic regimes are related to economic development. Asian NICs countries,


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