Question

is democracy compatible with economic growth?

Answer 1

A 2006 meta-anylasis found that democracy has no direct effect on economic growth. However, it has strong and significant indirect effects which contribute to growth. Democracy is associated with higher human capital accumulation, lower political instability, and higher economic freedom.

Answer 2

Democracy and economic growth and development have had a strong correlative and interactive relationship throughout history. While evidence of this relationship's existence is irrefutable,[1] economists' and historians' opinions of its exact nature have been sharply split, hence the latter has been the subject of many debates and studies