Boese-Schlosser, Vanessa A.; Eberhardt, Markus - In: The Review of Economics and Statistics (2024) Forthcoming, pp. 1-29
How substantial are the economic benefits from democratic regime change? We argue that democratisation is often not a discrete event but a two-stage process: autocracies enter into ‘episodes’ of political liberalisation which eventually culminate in regime change or not. To account for this...