Discussion Paper Details

Please find the details for DP4938 in an easy to copy and paste format below:

Full Details   |   Bibliographic Reference

Full Details

Title: Forms of Democracy, Policy and Economic Development

Author(s): Torsten Persson

Publication Date: February 2005

Keyword(s): democratic institutions, economic performance and growth promoting policy

Programme Area(s): Institutions and Economic Performance, International Macroeconomics and Public Economics

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.

For full details and related downloads, please visit:

Bibliographic Reference

Persson, T. 2005. 'Forms of Democracy, Policy and Economic Development'. London, Centre for Economic Policy Research.