Complex relationship between economic development and political system has been the subject of quantitative research for more than a hundred years. And yet, no methodological instrument employed was capable of providing non-controversial explanation of possible correlation. System Dynamic modeling seems as a promising approach to be applied for this problem, as it allows to establish the relationship between different variables in a complex socio-economic system.
This presentation will discuss possible definitions and indicators of economic development and political democracy that are most applicable for modelling and present a diagram that reflects the interrelation between variables.
Irina Dolgopolova is Associate Professor of Economics, Baikal National University of Economics and Law, Irkutsk, Russia; currently she is an Alexander Herzen Junior Visiting Fellow at IWM.