Curse of Democracy: Evidence from the 21st Century
Authors: Yusuke Narita, Ayumi Sudo
Abstract: Democracy is widely believed to contribute to economic growth and public health in the 20th and earlier centuries. We find that this conventional wisdom is reversed in this century, i.e., democracy has persistent negative impacts on GDP growth during 2001-2020. This finding emerges from five different instrumental variable strategies. Our analysis suggests that democracies cause slower growth through less investment and trade. For 2020, democracy is also found to cause more deaths from Covid-19.
Explore the paper tree
Click on the tree nodes to be redirected to a given paper and access their summaries and virtual assistant
Look for similar papers (in beta version)
We compare the title and abstract with papers indexed in our database. For arXiv papers, we search within the same category; for DOI and other sources, we search across sources and subjects. You can rerun the search as our database grows.