Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE (www.oxfordhandbooks.com). © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy and Legal Notice).

date: 18 September 2020

Abstract and Keywords

We examine the modern spread of liberal democracy, a phenomenon that was accompanied by unprecedented levels of economic development. We outline two differing accounts of the relationship between the two: one in which democratization is driven primarily by changes in normative beliefs, and another in which changes in payoffs to political actors produce democracy as a political equilibrium. The relationship between democracy and development is examined with updated panel data, covering a period from the early nineteenth century through the first decade of the twenty-first century. The analysis demonstrates a positive impact of economic development on subsequent democratic transitions, but no apparent effect of democracy on subsequent economic growth. We conclude by discussing the current literature and potential directions for research, including recent efforts to ascertain the preferences of political elites towards democracy more precisely.

Keywords: democratization, development, liberal democracy, political economy, democratic transitions, democratic breakdowns

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.