Freund, Caroline; Jaud, Mélise - C.E.P.R. Discussion Papers - 2013
Theory and empirics are ambiguous on the effect of democracy on growth. Cross-country studies find that democracy has … regime change and not democratization. We identify and examine 90 successful, failed, and gradual transitions that have … occurred over the last half century. This new classification permits us to compare successful episodes of democratization with …