Electing for stability: Democracy and output volatility, 1960-2019

  1. Emanuele Millemaci
  2. Fabio Monteforte
  3. Jonathan R. W. Temple
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Abstract

This paper examines the relationship between output volatility and democracy, decade by decade after 1960. Using a range of approaches to identification, we find that democracy lowers volatility.

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  1. Version published to 10.31235/osf.io/m382s on OSF Preprints