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New Evidence on the Relationship between Democracy and Economic Growth

Jakob de Haan and Clemens L. J. Siermann
Public Choice
Vol. 86, No. 1/2 (Jan., 1996), pp. 175-198
Published by: Springer
Stable URL: http://www.jstor.org/stable/30027075
Page Count: 24
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New Evidence on the Relationship between Democracy and Economic Growth
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Abstract

It is often maintained that democracy is a luxury which comes at a price in terms of subsequent slower increases in national living standards. However, various recent cross-section studies on economic growth have found evidence that lack of civil and political liberties is negatively correlated with economic growth. Using a new measure of democracy, which is based upon the number of years that a country can be regarded as a democracy, the robustness of this relationship is examined. Both direct and indirect effects of lack of democratic liberties are analysed. Our main conclusion is that the relationship between democracy and economic growth is not rubust.

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