A 2023 study analyzed the long-term effects of democracy on economic prosperity using new data on GDP per capita and democracy for a dataset between 1789 and 2019. The results indicate that democracy substantially increases economic development.
A 2023 study analyzed the long-term effects of democracy on economic prosperity using new data on GDP per capita and democracy for a dataset between 1789 and 2019 The results indicate that democracy substantially increases economic development.