Printed Book

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 economist 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 systems – political freedom, political stability, and political 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.

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Availability

2517

338.9, FEN, d

Book Shelf

Available

Detail Information

Series Title

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Call Number

338.9, FEN, d

Publisher

London : The MIT Press., 2003

Collation

xvii, 383p.; 23,5 cm

Language

English

ISBN/ISSN

0-262-06235-6

Classification

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Content Type

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Media Type

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Carrier Type

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Edition

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Subject(s)

Economic development - Political aspects
Governance
Democracy - Economic aspects
Political science - Economic aspects
Economic performance

Specific Detail Info

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Statement of Responsibility

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