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Which came first-democracy or growth?

Author

Listed:
  • Ruben Hernandez-Murillo
  • Christopher J. Martinek

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.

Suggested Citation

  • Ruben Hernandez-Murillo & Christopher J. Martinek, 2008. "Which came first-democracy or growth?," The Regional Economist, Federal Reserve Bank of St. Louis, issue Apr, pages 4-6.
  • Handle: RePEc:fip:fedlre:y:2008:i:apr:p:4-6
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    File URL: https://www.stlouisfed.org/publications/regional-economist/april-2008/which-came-firstdemocracy-or-growth
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    Citations

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    Cited by:

    1. Thorvaldur Gylfason, 2017. "From Double Diversification to Efficiency and Growth," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 59(2), pages 149-168, June.
    2. Daniel Sakyi & Samuel Adams, 2012. "Democracy, Government Spending and Economic Growth: The Case of Ghana, 1960–2008," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 6(3), pages 361-383, August.

    More about this item

    Keywords

    Economic conditions; Economic development;

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