The aim of this paper is to provide an extension of a technique recently introduced by Pyatt and Round (2006) to decompose each element of the 'global multiplier matrix' in 'microscopic detail' in order to capture the linkages between each household groups' income and the exogenously injected...

This paper explores the links between the level of per capita income, growth and democracy, a central issue in the literature regarding economic policy. The first three sections focus on the socalled modernization hypothesis from both a theoretical and an empirical perspective. According to this...