Journal Article

Which came first-democracy or growth?


Abstract: Most economists agree that economic freedom promotes growth, but fewer agree that more political freedom improves economic performance as well. Chile of the 1970s and 1980s and China today are just two autocracies with strong economies.

Keywords: Economic conditions; Economic development;

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Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Part of Series: The Regional Economist

Publication Date: 2008

Issue: Apr

Pages: 4-6