'Democracy Causes Economic Development?'

Daron Acemoglu, Suresh Naidu, James A Robinson, and Pascual Restrepo:

Democracy causes economic development?, by Daron Acemoglu, Suresh Naidu, James A Robinson, Pascual Restrepo, Vox EU: Many analysts view democracy as a neutral or negative factor for growth. This column discusses new evidence showing that democracy has a robust and sizable pro-growth effect. The central estimates suggest that a country that switches from non-democracy to democracy achieves about 20% higher GDP per capita over the subsequent three decades.