Forms of Democracy, Policy and Economic Development
Posted: 15 Apr 2005
There are 3 versions of this paper
Forms of Democracy, Policy and Economic Development
Forms of Democracy, Policy and Economic Development
Date Written: March 2005
Abstract
The paper combines insights from the recent research programs on constitutions and economic policy, and on history, institutions and growth. Drawing on cross-sectional as well as panel data, it presents new empirical results showing that the form of democracy (rather than democracy vs. non-democracy) has important consequences for the adoption of structural polices that promote long-run economic performance. Reforms into parliamentary (as opposed to presidential), proportional (as opposed to majoritarian) and permanent (as opposed to temporary) democracy appear to produce the most growth-promoting policies.
Keywords: democratic institutions , growth promoting policy , economic performance
JEL Classification: F43, H11, O57
Suggested Citation: Suggested Citation