Corpus ID: 6515114

Growth and Democracy : The Good , the Bad , and the Indifferent

@inproceedings{Baum2003GrowthAD,
  title={Growth and Democracy : The Good , the Bad , and the Indifferent},
  author={M. Baum and David A. Lake},
  year={2003}
}
Democracy is more than just another brake or booster for the economy. We argue that there are significant indirect effects of democracy on growth through public health and education. Where economists use life expectancy and education as proxies for human capital, we expect democracy will be an important determinant of the level of public services manifested in these indicators. In addition to whatever direct effect democracy may have on growth, we predict an important indirect effect through… Expand

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