Electing for stability: Democracy and output volatility, 1960-2019

Emanuele Millemaci, Fabio Monteforte and Jonathan R.W. Temple

Economics Letters, 2025, vol. 247, issue C

Abstract: This paper examines the relationship between output volatility and democracy, decade by decade after 1960. Using a range of approaches to identification, we find that democratic countries are less volatile.

Keywords: Democracy; Autocracy; Output volatility (search for similar items in EconPapers)
JEL-codes: O40 O43 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:247:y:2025:i:c:s0165176524006207

DOI: 10.1016/j.econlet.2024.112136

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