Suresh Naidu is Assistant Professor of Economics and Public Affairs at Columbia University. He has a Ph.D. from UC Berkeley and an M.A. from UMass-Amherst, both in economics, and a B.Math. in Pure Mathematics from the University of Waterloo. His research interests centre on political economy, economic history, and development.
Does democracy cause growth?
03 Jun 2016
Many analysts view democracy as a neutral or negative factor for growth. This column discusses new evidence showing that democracy has a robust and sizeable pro-growth effect. It finds that a country that switches from non-democracy to democracy achieves about 20% higher GDP per capita over the subsequent three decades.
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