@article{1385926,
      recid = {1385926},
      author = {Feng, Yi,},
      title = {Democracy, governance, and economic performance : theory  and evidence /},
      publisher = {MIT Press,},
      address = {Cambridge, Mass. :},
      pages = {1 online resource (xvii, 383 pages) :},
      year = {2003},
      abstract = {In this book, Yi Feng combines political and economic  analyses to study the effects of political institutions on  economic performance. Traditionally, political scientists  disregard details of economic conditions, while economists  may not take into consideration a systematic explanation of  political regimes. The growing interest in the interplay of  political and economic systems, spurred by the political  democratization and economic liberalization evident in many  countries over the last twenty years, merits this new  perspective.The book examines the political determinants of  economic growth, and, specifically, the controversial  question of the relationship between democracy and quality  of life. Feng systematically studies three variables of a  political system--political freedom, political stability,  and policy certainty--and relates them to economic  development. He examines the political factors that may  affect patterns of growth directly or indirectly.Combining  theory and country-specific case studies, Democracy,  Governance, and Economic Performance demonstrates that  political institutions and conditions do matter in economic  growth. After establishing a theoretical foundation, Feng  tests it by examining the direct effects of the three key  political variables on economic growth and the indirect  effects of democracy in terms of other variables (political  instability, inflation, investment, education, income  distribution, property rights, and population growth). He  concludes by considering the policy implications of these  results.},
      url = {http://library.usi.edu/record/1385926},
}