Pettersson, Jan () (Dept. of Economics, Stockholm University)
Abstract
Papers relating the level of democracy to growth do not typically control for defferences within types of polity. This paper examines one important difference, that of regime stability, measured as the longevity of a regime. It is shown that there are initial costs associated with young democracies while over time democracies tend to outperform other types of polity.
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Publisher Info
Paper provided by Stockholm University, Department of Economics in its series Research Papers in Economics with number
2002:16.
Length: 47 pages Date of creation: 06 Jun 2003 Date of revision:
15 Dec 2004 Handle: RePEc:hhs:sunrpe:2002_0016
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Find related papers by JEL classification: O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism
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