A business case for democracy
Regime Type, Growth, and Growth Volatility
Bibliographic Data
| ID | 6252933 |
|---|---|
| Authors | Carl Henrik Knutsen (0000-0002-5470-9045, University of Oslo, corresponding author) |
| Year | 2021 |
| Volume | 28 |
| Issue | 8 |
| Pages | 1505-1524 |
| Publication date | 2021-11-17 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Democratization (JOURNAL) |
| Journal identifiers | ISSN: 1351-0347 • E-ISSN: 1743-890X |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/13510347.2021.1940965 |
| OpenAlex | W3175027726 |
| Language | EN |
| Citations received | 20 |
| References cited | 56 |
I present a business case for democracy, focusing on the impact of democracy on economic growth. This relationship is widely studied, and results have been less robust for growth than many other development outcomes such as literacy or infant mortality. I discuss four factors pertaining to data quality and modelling choices, suggesting that several previous studies have underestimated the growth-benefits of democracy. I further discuss the relationships between democracy and economic crises and variation in economic performance. By mitigating abysmal economic outcomes and ensuring more stable performance, democracy is generally of benefit to risk-averse entrepreneurs, investors, workers, and consumers alike
Democracy · Development economics · Economics · Financial economics · Political science · Politics · Corruption and Economic Development · Economic Growth and Development · Fiscal Policy and Economic Growth · Law
Visible Fists
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| Unique citing works | 20 |
|---|---|
| Citations per year | 5 |
| Citation span | 2022 - 2026 (5) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 19 |