This article is a major revision of an earlier paper titled ‘Aristotle Was Right: Stable Democracy Fosters Growth’. The article was mostly written while the authors were doctoral students at the Economics Department of the London Business School. We are grateful to Antonio Ciccone, Wouter Denhaan, Jean Imbs, Morten Ravn and Richard Portes for detailed comments and support. We also thank Alexis Anagnostopoulos, Francesco Caselli, Simon Commander, Jan Fidrmuc, Denis Gromb, Christos Genakos, Enrico Perotti, Torsten Persson, Andrew Scott and Kostas Tatsiramos for useful comments and Daron Acemoglu for a fruitful discussion. Markus Baltzer offered excellent research assistantship. We also thank seminar participants at the 2004 European Winter Meetings of the Econometric Society, LBS, UCL, UPF, the CEPR/Insead Workshop on Institutions, Policies and Economic Growth, the 2005 Annual Congress of the European Economic Association and the Brunel/CEDI Workshop on Political Institutions and Economic Performance for useful suggestions. Comments from three anonymous referees of this Journal, other referees and Jonathan Temple (the Associate Editor) helped us improve the article. All errors are ours.
Democratisation and Growth*
Version of Record online: 20 SEP 2008
© The Author(s). Journal compilation © Royal Economic Society 2008
The Economic Journal
Volume 118, Issue 532, pages 1520–1551, October 2008
How to Cite
Papaioannou, E. and Siourounis, G. (2008), Democratisation and Growth. The Economic Journal, 118: 1520–1551. doi: 10.1111/j.1468-0297.2008.02189.x
- Issue online: 20 SEP 2008
- Version of Record online: 20 SEP 2008
- Submitted: 17 November 2005 Accepted: 10 October 2007
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