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Democracy, Consolidation and Growth

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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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  • Pettersson, Jan, 2003. "Democracy, Consolidation and Growth," Research Papers in Economics 2002:16, Stockholm University, Department of Economics, revised 15 Dec 2004.
    • Handle: RePEc:hhs:sunrpe:2002_0016
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    Cited by:

    1. Madeeha Gohar Qureshi & Eatzaz Ahmed, 2012. "The Inter-linkages between Democracy and Per Capita GDP Growth: A Cross Country Analysis," PIDE-Working Papers 2012:85, Pakistan Institute of Development Economics.

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    More about this item

    Keywords

    democracy; growth; consolidation; political systems;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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