Gundlach, Erich (contributor); Paldam, Martin (contributor) - 2008
Economics and Management, University of Aarhus, Denmark
1
Erich Gundlach, Kiel Institute for the World Economy, Germany
2 …. Address: Kiel Institute for the World Economy, P.O. Box 4309, D-24100 Kiel, Germany.
E-mail: erich …-2005, with 2003-2005 as our update based on World Bank data.
(b) Democracy, G, is the average of democratic rights and civil …