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- W4313648712 abstract "Is democracy a better political regime for economic prosperity than autocracy? This paper shows that the answer depends on the initial economic development level during the democratic transition when the foundation of institutions was laid. Democracy facilitates growth only in countries that already have adequate development at transition time. These countries are more likely to create and sustain growth-enhancing institutions than others. Without appropriate development, democracy does not improve growth; this applies to about 40% of the third-wave democratized countries. These results are based on a sample of 153 countries in 1960–2010 and robust to various specifications and endogeneity issues." @default.
- W4313648712 created "2023-01-07" @default.
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- W4313648712 date "2023-06-01" @default.
- W4313648712 modified "2023-10-14" @default.
- W4313648712 title "Is democracy good for growth? — Development at political transition time matters" @default.
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- W4313648712 doi "https://doi.org/10.1016/j.ejpoleco.2022.102355" @default.
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