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Democracy, governance, and economic performance: theory and evidence

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In this book, Yi Feng combines political and economic analyses to study the effects of political institutions on economic performance. Traditionally, political scientists disregard details of economic conditions, while economists may not take into consideration a systematic explanation of political regimes. The growing interest in the interplay of political and economic systems, spurred by the political democratization and economic liberalization evident in many countries over the last twenty years, merits this new perspective.The book examines the political determinants of economic growth, and, specifically, the controversial question of the relationship between democracy and quality of life. Feng systematically studies three variables of a political system--political freedom, political stability, and policy certainty--and relates them to economic development. He examines the political factors that may affect patterns of growth directly or indirectly.Combining theory and country-specific case studies, Democracy, Governance, and Economic Performance demonstrates that political institutions and conditions do matter in economic growth. After establishing a theoretical foundation, Feng tests it by examining the direct effects of the three key political variables on economic growth and the indirect effects of democracy in terms of other variables (political instability, inflation, investment, education, income distribution, property rights, and population growth). He concludes by considering the policy implications of these results.OCLC-licensed vendor bibliographic record.

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Detail Information

Series Title

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Call Number

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Publisher

Cambridge, Mass. : : MIT Press Direct., 2003

Collation

1 online resource (xvii, 383 pages) :illustrations

Language

English

ISBN/ISSN

9780262272568

Classification

NONE

Content Type

text

Media Type

computer

Carrier Type

online resource

Edition

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Subject(s)

Political Science
Democracy
Economic development

Specific Detail Info

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Statement of Responsibility

Yi Feng

Other Information

Cataloger

imron

Source

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Validator

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Digital Object Identifier (DOI)

https://doi.org/10.7551/mitpress/2329.001.0001

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Journal Issue

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