@techreport{Persson2006Democracy,
abstract = {Does democracy promote economic development? This paper reviews recent attempts to
address this question that exploited within-country variation. It shows that the answer is
largely positive, but also depends on the details of democratic reforms. First, the sequence of
economic vs political reforms matters: countries liberalizing their economy before extending
political rights do better. Second, different forms of democratic government lead to different
economic policies, and this might explain why presidential democracy leads to faster growth
than parliamentary democracy. Third, it is important to distinguish between expected and
actual political reforms. Taking expectations of regime change into account helps identify a
stronger growth effect of democracy.},
author = {Torsten Persson and Guido Tabellini},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {E0; O1; P0; 330; democracy; reform; growth; institutions; difference in difference; Wirtschaftsordnung; Demokratie; Wirtschaftsreform; Deregulierung; Wahlsystem; Wirtschaftswachstum; Korrelation; Welt},
language = {eng},
number = {1672},
title = {Democracy and development : the devil in the details},
type = {CESifo working papers},
url = {http://hdl.handle.net/10419/19136},
year = {2006}
}
