Participatory Politics, Social Cooperation, and Economic Stability
发现参与式政治体制与较低的经济不稳定相关，并推测民主通过缓和冲突和促成妥协来发挥作用，适合关注政治制度与经济绩效关系的读者。
Few would doubt the proposition that political institutions matter for economic development.Yet we lack robust generalizations and systematic evidence on how exactly they do so.In this short paper, I draw attention to a regularity in the cross-national data that has received little attention to date: participatory political regimes are associated with significantly lower levels of aggregate economic instability.After presenting some of the evidence in the next section, I speculate that the reason has to do with the propensity of democracy to moderate social conflict and induce compromise.I discuss three distinct arguments as to why this may be the case.