Democracy and Development: A Theoretical Framework
A simple framework is set up to discuss the relationship between democracy, material welfare, and development. Democracy is regarded both as a good in its own right and as an input in the production of material welfare. The optimum level of democracy is then related to the level of development. At the optimum point, the marginal cost of democracy in terms of foregone output is positive and growth is a decreasing function of the level of democracy. Deviations from the optimum path are described as either repressive or populist. Democratization is not unambiguously an optimal response to exogenous shocks. Copyright 1994 by Kluwer Academic Publishers
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
When requesting a correction, please mention this item's handle: RePEc:kap:pubcho:v:80:y:1994:i:3-4:p:293-305. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Guenther Eichhorn)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.