Democracy and growth: is the effect non-linear?

Alexander Libman

MPRA Paper from University Library of Munich, Germany

Abstract: 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 growth-and-democracy nexus using subnational data, and considers the first results of this approach.

Keywords: democracy; growth; U-shaped relation (search for similar items in EconPapers)
JEL-codes: D72 O43 (search for similar items in EconPapers)
Date: 2008-09
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:17795

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