A long tradition in economics explores the association between the quality of formal institutions and economic … performance. The literature on the relationship between such institutions and happiness is, however, rather limited, and … inconclusive. In this paper, we revisit the findings from recent cross-country studies on the institutions-happiness association …

This paper challenges cross-sectional findings that democratic institutions have a negligible direct effect on economic … institutions. We study democratization in a before-after event study approach that enables us to control for time-invariant country … representative institutions on economic activity. They also favour Friedrich Hayek (1960)’s idea that the merits of democracy appear …

? Peru has the full set of democratic institutions. In the 1990s, the secret-police chief Montesinos systematically …

both political-economic institutions as well as the primarily political institution of democratic development. Using both … weakly positive relationship. Political economic institutions, however, remain positive and significant determinants of …

Many empirical studies are ambiguous about whether good formal institutions are conducive to subjective well-being or …

a major role in the determination of this historical event, but that the quality of institutions also mattered. We … evaluate separately the impact of political institutions linked to democracy and suffrage and of those institutions more … find that both sets of institutions contributed to this event, even after controlling for their potential endogeneity …