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The paper examines how democracy affects long-run growth by influencing the quality of governance. Empirical evidence is first presented showing that measures of the quality of governance are substantially higher in more democratic countries. A general-equilibrium, endogenous growth model is...
Persistent link: https://www.econbiz.de/10014115957
This paper examines how democracy affects long-run growth by influencing the quality of governance. Empirical evidence is presented first showing that measures of the quality of governance are substantially higher in more democratic countries. A general equilibrium, endogenous growth model is...
Persistent link: https://www.econbiz.de/10012706476