Mo, Pak Hung - In: Frontiers of Economics in China 10 (2015) 1, pp. 85-112
After evening out all the benefits and costs, the overall optimal level of democracy is about 3.2, on a scale of 1 to 7 … have a conditioned growth rate of 1.146 while countries with the optimal level of democracy/autocracy have a conditioned … growth rate of 2.665. In the case of a fully dictatorial country, moving one unit towards democracy can raise the GDP growth …