Employing a novel empirical framework with a well-tested data set, we estimate the optimal level and transmission channels of the level of political rights on the growth rate of real GDP. Our study concludes that mild autocracy can raise the growth rate in real GDP by reducing government...

In this paper, we formulate a political system that can satisfy certain desirable characteristics, namely: 1. democratic participation 2. serving for universal interest 3. public sector efficiency 4. sustainability by incentive compatibility and virtuous cycles. It is a political structure that...