Pascual Restre

Oct 14, 2024 | promarket.org | Daron Acemoglu |Suresh Naidu |James Robinson |Pascual Restre

Democracy sees higher GDP due to greater civil liberties, economic reform, increased investment and government capacity, and reduced social conflict. This post originally appeared in VoxDev.org in February 2018. Many analysts view democracy as a neutral or negative factor for growth. In this column, we discuss new evidence showing that democracy has a robust and sizable pro-growth effect.