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. On average, fully dictatorial countries have a conditioned growth rate of ¨C1.113 percent, fully democratic countries have a conditioned growth rate of 1.146 while countries...
