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Which came first-democracy or growth?

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Author Info
Rubén Hernández-Murillo
Christopher J. Martinek

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Abstract

Most economists agree that economic freedom promotes growth, but fewer agree that more political freedom improves economic performance as well. Chile of the 1970s and 1980s and China today are just two autocracies with strong economies.

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File URL: http://stlouisfed.org/publications/re/2008/b/pdf/democracy.pdf
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Publisher Info
Article provided by Federal Reserve Bank of St. Louis in its journal The Regional Economist.

Volume (Year): (2008)
Issue (Month): Apr ()
Pages: 4-6
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Handle: RePEc:fip:fedlre:y:2008:i:apr:p:4-6

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Related research
Keywords: Economic conditions ; Economic development;

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This page was last updated on 2009-11-12.


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