Democracy, History, and Economic Performance: A Case-Study Approach
Crossnational statistical studies show a positive relationship between the length of time a country has been democratic and its economic performance. Old democracies grow faster, ceteris paribus, and also demonstrate advantages in some economic policies thought to be conducive to growth. However, the causal connections between regime history and economic policy and performance remain opaque. Arguments are highly speculative, for the causal pathways are usually difficult to measure and are not readily testable in a large-N cross-country format. In order to illuminate possible interconnections between regime history and economic performance we identify three countries in the developing world whose recent history may be regarded as illustrative: Brazil, India, and Mauritius. Our analysis of these cases focuses on the achievement of policy consensus and policy reform, both of which are commonly regarded as critical to economic performance. Intensive study of our chosen cases suggests multiple mechanisms by which democratic experience might translate into greater success on these policy dimensions.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- repec:wbk:wbpubs:12426 is not listed on IDEAS
- Kohli, Atul, 1989. "Politics of economic liberalization in India," World Development, Elsevier, vol. 17(3), pages 305-328, March.
- Bhagwati, Jagdish, 1993. "India in Transition: Freeing the Economy," OUP Catalogue, Oxford University Press, number 9780198288473, March.
- Casey B. Mulligan & Xavier Sala-i-Martin & Ricard Gil, 2003.
"Do Democracies Have Different Public Policies than Nondemocracies?,"
NBER Working Papers
10040, National Bureau of Economic Research, Inc.
- Casey B. Mulligan & Ricard Gil & Xavier Sala-i-Martin, 2004. "Do Democracies Have Different Public Policies than Nondemocracies?," Journal of Economic Perspectives, American Economic Association, vol. 18(1), pages 51-74, Winter.
- World Bank, 2005. "World Development Indicators 2005," World Bank Publications, The World Bank, number 12425.
- Torsten Persson & Guido Tabellini, 2006.
"Democratic Capital: The Nexus of Political and Economic Change,"
NBER Working Papers
12175, National Bureau of Economic Research, Inc.
- Torsten Persson & Guido Tabellini, 2009. "Democratic Capital: The Nexus of Political and Economic Change," American Economic Journal: Macroeconomics, American Economic Association, vol. 1(2), pages 88-126, July.
- Persson, Torsten & Tabellini, Guido, 2006. "Democratic Capital: The Nexus of Political and Economic Change," CEPR Discussion Papers 5654, C.E.P.R. Discussion Papers.
- Torsten Persson & Guido Tabellini, 2006. "Democratic capital: The nexus of political and economic change," Levine's Bibliography 122247000000001304, UCLA Department of Economics.
- Torsten Persson & Guido Tabellini, 2006. "Democratic capital: The nexus of political and economic change," Working Papers 308, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
- Hristos Doucouliagos & Mehmet Ulubasoglu, 2006. "Democracy and Economic Growth: A Meta-Analysis," Economics Series 2006_04, Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance.
- Daniel Lederman & Norman V. Loayza & Rodrigo R. Soares, 2005.
"Accountability And Corruption: Political Institutions Matter,"
Economics and Politics,
Wiley Blackwell, vol. 17, pages 1-35, 03.
- Lederman, Daniel & Loayza, Norman & Reis Soares, Rodrigo, 2001. "Accountability and corruption : political institutions matter," Policy Research Working Paper Series 2708, The World Bank.
- Sinha Aseema, 2005. "Understanding the Rise and Transformation of Business Collective Action in India," Business and Politics, De Gruyter, vol. 7(2), pages 1-37, August.
- Armijo, Leslie Elliott, 2005. "Mass democracy: The real reason that Brazil ended inflation?," World Development, Elsevier, vol. 33(12), pages 2013-2027, December.
When requesting a correction, please mention this item's handle: RePEc:eee:wdevel:v:39:y:2011:i:10:p:1735-1748. See general information about how to correct material in RePEc.
If references are entirely missing, you can add them using this form.