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December 3, 2010 | History

Democracy, technology, and growth 1 edition

Democracy, technology, and growth
Philippe Aghion

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Democracy, technology, and growth
Philippe Aghion, Alberto Alesina, Francesco Trebbi.

Published 2007 by National Bureau of Economic Research in Cambridge, Mass .
Written in English.

About the Book

"We explore the question of how political institutions and particularly democracy affect economic growth. Although empirical evidence of a positive effect of democracy on economic performance in the aggregate is weak, we provide evidence that democracy influences productivity growth in different sectors differently and that this differential effect may be one of the reasons of the ambiguity of the aggregate results. We provide evidence that political rights are conducive to growth in more advanced sectors of an economy, while they do not matter or have a negative effect on growth in sectors far away from the technological frontier. One channel of explanation goes through the beneficial effects of democracy and political rights on the freedom of entry in markets. Overall, democracies tend to have much lower entry barriers than autocracies, because political accountability reduces the protection of vested interests, and entry in turn is known to be generally more growth-enhancing in sectors that are closer to the technological frontier. We present empirical evidence that supports this entry explanation."--abstract.

Edition Notes

"June 2007"

Includes bibliographical references (p. 20-22).

Also available in PDF from the NBER world wide web site (www.nber.org).

Series
NBER working paper series -- no. 13180., Working paper series (National Bureau of Economic Research) -- working paper no. 13180.

The Physical Object

Pagination
22, [9] p. ;
Number of pages
22

ID Numbers

Open Library
OL17634369M
OCLC/WorldCat
155854254

History

Download catalog record: RDF / JSON
December 3, 2010 Edited by Open Library Bot Added subjects from MARC records.
December 8, 2009 Created by ImportBot add works page