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Department of Economics, Stockholm University Research Papers in Economics, Department of Economics, Stockholm University

No 2002:16:
Democracy, Consolidation and Growth

Jan Pettersson ()

Abstract: Papers relating the level of democracy to growth do not typically control for defferences within types of polity. This paper examines one important difference, that of regime stability, measured as the longevity of a regime. It is shown that there are initial costs associated with young democracies while over time democracies tend to outperform other types of polity.

Keywords: democracy; growth; consolidation; political systems; (follow links to similar papers)

JEL-Codes: O10; P16; (follow links to similar papers)

47 pages, June 6, 2003, Revised December 15, 2004

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