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Democracy and Growth: Is The Effect Non-Linear?

Alexander Libman ()
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Alexander Libman: Frankfurt School of Finance and Management, Frankfurt am Main, Germany, and Russian Academy of Sciences, Moscow, Russia

Economic Research Guardian, 2012, vol. 2, issue 1, 99-120

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 growthand- democracy nexus using sub-national data, and considers the first results of this approach.

Keywords: Democracy; Economic growth; Hybrid regimes; Non-linear effects; Bureaucratic autocracies (search for similar items in EconPapers)
JEL-codes: D72 D78 O43 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:wei:journl:v:2:y:2012:i:1:p:99-120

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