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Democracy and Growth: Is The Effect Non-Linear?

  • Alexander Libman

    ()

    (Frankfurt School of Finance and Management, Frankfurt am Main, Germany, and Russian Academy of Sciences, Moscow, Russia)

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    The paper provides a survey of theoretical and empirical literature on non-linear impact of democracy on economic growth. First, it looks at two main approaches to the non-linearity: the U-shape and the inverse U-shape. Then it proceeds by looking at the specifics of hybrid regimes and tries to understand, whether the results could be driven by specific features of some semi-democracies and semi-autocracies. Finally, it discusses the opportunity to test the growthand- democracy nexus using sub-national data, and considers the first results of this approach.

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    Article provided by Weissberg Publishing in its journal Economic Research Guardian.

    Volume (Year): 2 (2012)
    Issue (Month): 1 (May)
    Pages: 99-120

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    Handle: RePEc:wei:journl:v:2:y:2012:i:1:p:99-120
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