Democracy and growth

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Although it's not a new paper, I thought it would be good right about now to dig up a little bit of wisdom from Dani Rodrik and Romain Wacziarg called Do Democratic Transitions Produce Bad Economic Outcomes? The short answer is no. But I'll let them speak for themselves:

We show in this paper that the data do not support the view that democratization is bad for economic performance. Our analysis reveals that major democratic transitions have, if anything, a positive effect on economic growth in the short run...this is especially true for the poorest countries of the world and those that are marked by sharp ethnic divisions.


Ryan Hahn

Operations Officer

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