Democracy and National Economic Performance: The Preference for Stability
- 1 July 2001
- journal article
- Published by JSTOR in American Journal of Political Science
- Vol. 45 (3) , 634
- https://doi.org/10.2307/2669243
Abstract
Democracies differ from autocracies in that democracies produce stable, not high or low, growth in national income. We analyze the likely risk/ return preferenc...Keywords
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