The Impact of Democracy on Economic Growth in Sub-Saharan Africa, 1982-2012

Takaaki Masaki and Nicolas van de Walle

No wp-2014-057, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Does democracy promote economic growth? There is still an ongoing debate over the economic implications of democracy, and this question has gained critical importance particularly in the African context, where a wave of democratization in the early 1990s coincided with the start of a new era of rapid economic growth. In this paper, we revisit this important topic and argue that the existing literature is inadequate in distinguishing the effects of regime transitions and democratic consolidation on economic growth.

Keywords: Democracy; Democratization; Economic development (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (11)

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