000			01518nam a22001697a 4500
999			_c510458 _d510458
008			190818b ||||| |||| 00| 0 eng d
100			_aBaker, Andy _98506
245			_aDoes democratization lower consumer prices? Regime type, prices, and the consumer–producer tradeoff
260			_c2019
300			_ap.145-160.
520			_aThe booming literature on the consequences of democratization for material welfare has produced no findings on the relationship between regime type and relative consumer prices. The literature largely shows that democracies favor masses over elites, generating the expectation that democratization should lower consumer prices. Yet it also finds that democratization boosts economic growth, an outcome that is partially contingent on making consumer goods expensive relative to capital goods. We argue that democratization lowers relative consumer prices since politicians under democracy can more effectively chase votes by satisfying consumers’ demands for the immediate payoff of lower prices. Our statistical analysis of 160-plus countries over 60 years shows that democratization raises consumer advantage, which is the consumer price level relative to the price level of capital goods. We also provide evidence of the policy levers that democratizing countries have used to achieve this effect. - Reproduced.
650			_aConsumers _98507
700			_aWojcik, Stefan _98508
773			_aInternational Political Science Review
906			_aDemocratization
942			_cAR