Abstract
Given the importance of the joint analysis of the economic and political process, several researchers have examined the effect of the political regime on economic growth and development. The great majority of these researchers are crystallized on the assessment of the economic impact of a democratic political system in relation to an autocratic political regime. The aim of this review is to analyze the existing theoretical literature that underlines the effects of a democratic political system on economic growth with a brief look at some related models. Particularly, the paper examines channels through which democracy could affect growth and development.