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• W2077154563 abstract "In this study, the author examines how inflation and economic growth differ in more- and less-democratic regimes and in new and mature democracies. The analysis is based on a panel research design featuring annual data from a large sample of underdeveloped countries and two-way, fixed-effects regression analysis. The author's central finding is that more-democratic countries have higher inflation and slower growth than less-democratic countries. Inflation apparently is higher than more-democratic countries mainly because they have higher fiscal deficits and faster wage growth; this higher inflation marginally reduces economic growth in these countries. The author also finds that new and mature democracies do not have significantly different inflation and growth rates. The findings suggest that unrestrained political participation and the resulting demands placed on state officials undermine democratic performance." @default.
• W2077154563 created "2016-06-24" @default.
• W2077154563 creator A5055482600 @default.
• W2077154563 date "2000-04-01" @default.
• W2077154563 modified "2023-10-16" @default.
• W2077154563 title "Democracy and Macroeconomic Performance in Underdeveloped Countries" @default.
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• W2077154563 doi "https://doi.org/10.1177/0010414000033003002" @default.
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