which the power to tax is irretrievably conferred by individuals to government, which can then levy any tax it chooses. In …

there exists a distribution of resources such that democracy emerges in equilibrium, but there are distributions of … resources for which democracy is infeasible in equilibrium irrespective of the level of development. The model also delivers … results on the stability of democracy with regard to changes in the economic and demographic environment. The results are …

and cannot be more easily financed by borrowing from the financial market. Democracy appears to affect the pace of reform …

Do foreign educated individuals play a role in promoting democracy in their home country? Despite the large amount of … foster democracy in their home countries. Using a unique panel dataset on foreign students starting from 1950, I show that … indeed foreign-educated individuals promote democracy in their home country, but only if the foreign education is acquired in …

parametric estimates may have seriously underestimated the growth effects of democracy. In particular, we find an average … negative effect on growth of leaving democracy on the order of -2 percentage points implying effects on income per capita as …

transition to democracy under a violent conflict is less likely to lead to a system with a high degree of civil liberties …