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Discussion Paper Details

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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: https://cepr.org/active/publications/discussion_papers/dp.php?dpno=4938

Bibliographic Reference

Persson, T. 2005. 'Forms of Democracy, Policy and Economic Development'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=4938