Mehanna, Rock-Antoine - In: Global Business and Economics Review 8 (2006) 3/4, pp. 328-337
democracy is an essential prerequisite for economic development. Empirical evidence, however, is inconclusive regarding the … whether (1) democracy or (2) political stability matters for economic development. Findings reveal that, unlike the prevalent … political prescription, democracy has a statistically insignificant impact on economic development, whereas political stability …