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Democratisation and growth: A within-country comparison approach

Elias Papaioannou, Gregorios Siourounis , 25 October 2008

Cross-country comparisons have produced little evidence that democracy improves economic growth. This column summarises research using within-country comparisons over time to show that democratising countries realise higher long-run growth after the volatile transition period. Democracy’s value may lie in its dynamic aspects.

Full Article: Democratisation and growth: A within-country comparison approach

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