Democracy, governance, and economic performance : theory and evidence / Yi Feng.

Includes bibliographical references (pages [333]-377) and index.

1. Introduction -- 2. The Fundamental Political Environment for Economic Growth -- 3. Measuring Political Freedom, Stability, and Certainty -- 4. Testing the Political Determinants of Long-Run Economic Growth -- 5. Democracy, Stability, and Growth: A Simultaneous Approach -- 6. Political Institutions and Inflation: An Evaluation of Three Models -- 7. Political Institutions and Private Investment -- 8. The Political Economy of Human-Capital Accumulation -- 9. Democracy and Income Inequality Reconsidered -- 10. Political Freedom and Economic Freedom -- 11. Births and Politics -- 12. Conclusions -- App. 3.A. Political-Rights and Civil-Liberties Indices -- App. 3.B. Institutionalized Democracy Index -- App. 4.A. A Brief Review of the Literature on Democracy, Stability, and Growth -- App. 7.A. Weighted Scores in the World-Event Interaction Survey Data Set -- App. 9.A. Coverage of Income Distribution by the Gini Coefficient -- App. 10.A. Measures of Economic Freedom.

"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 in stability, inflation, investment, education, income distribution, property rights, and population growth). He concludes by considering the policy implications of these results."--BOOK JACKET.