Democracy and growth: Evidence from a machine learning indicator

1 Democracy , Governance and Economic Growth : Theory and Evidence

This paper examines how democracy affects long-run growth by influencing the quality of governance. Empirical evidence is presented showing that the quality of governance is substantially higher in democratic countries. A general-equilibrium, endogenous growth model is then built to show how a governance-improving democracy raises growth. In this model, stronger democratic institutions influenc...

Openness, Growth, And Development: Evidence From A Panel Of East Asian Countries

Inequality , Growth , and Democracy

1 4 5 Inter-American Development Bank. Facing Up to Inequality in Latin America. Washington, D.C.: Distributed by the Johns Hopkins University Press for the Inter-American Development Bank, 1998,204 pp. Dani Rodrik. The New Global Economy and Developing Countries: Making Openness Work. Washington, D.C.: Overseas Development Council, 1999,168 pp. Vito Tanzi and Ke-young Chu, eds. Income Distribu...

Analysis of Fiscal and Monetary Policies on Economic Growth: Evidence from Nigerian Democracy

The research deals with analysis of Nigeria democracy and its impact on fiscal and monetary policies. Secondary data from Central Bank of Nigeria (CBN) was mainly used for this study. The study adopted descriptive statistics, regression and correlation analysis on fiscal and monetary variables (i.e., inflation, interest rate, narrow money, broad money, government recurrent and capital expenditu...

Democracy, Redistribution, and Political Participation: Evidence from Sweden 1919-1938

In this paper, we compare how two different types of political regimes—direct versus representative democracy—redistribute income towards the relatively poor segments of society after the introduction of universal and equal suffrage. Swedish local governments are used as a testing ground since this setting offers a number of attractive features for a credible impact evaluation. Most importantly...