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Journal of Economic Perspectives: Vol. 7 No. 3 (Summer 1993)

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Political Regimes and Economic Growth

Article Citation

Przeworski, Adam, and Fernando Limongi. 1993. "Political Regimes and Economic Growth." Journal of Economic Perspectives, 7(3): 51-69.

DOI: 10.1257/jep.7.3.51

Abstract

Does democracy in the political realm foster or hinder economic growth? Our discussion of this question begins with a review of arguments in favor of, and against, democracy. Then we summarize statistical studies in which political regime is included among determinants of growth and identify some methodological problems entailed in such studies. The conclusion is that social scientists know surprisingly little: our guess is that political institutions do matter for growth, but thinking in terms of regimes does not seem to capture the relevant differences.

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Authors

Przeworski, Adam (U Chicago)
Limongi, Fernando (U Sao Paulo)

JEL Classifications

O10: Economic Development: General
O40: Economic Growth and Aggregate Productivity: General

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