Democracy as a Middle Ground: A Uni…ed Theory of Development and Political Regimes

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Larsson, Anna; Parente, Stephen;
  • Subject: Autocracy; Democracy; Landed Elites; Growth Miracles; Vested Interests
    • jel: jel:P16 | jel:O10

A large literature documents that autocratic regimes have not, on average, outperformed democratic regimes, although they do display greater variance in economic performance. At the same time, no long-lived autocracy currently is rich whereas every long-lived democracy ... View more
  • References (28)
    28 references, page 1 of 3

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