democracy disappears once including country fixed effects. This paper tests the hypothesis that the effect of income on … democracy might differ systematically across countries. A replication of the estimation in a less restrictive empirical … framework provides evidence for significant but heterogeneous effects of income on democracy for former colonies and non …

This paper investigates the endogenous emergence of democracy and rule of law in an economy where heterogeneous … evolution of the economy in which both the political regimes and public policies are endogenously determined. The theory …

Over the last two centuries, many countries experienced regime transitions toward democracy. We document this … democratic transition over a long time horizon. We use historical time series of income, education and democracy levels from 1870 … to 2000 to explore the economic factors associated with rising levels of democracy. We find that primary schooling, and …

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 …

between democracy and institutional quality. …

Regimes controlled by a rich elite often collapse and make way for democracy amidst widespread social unrest. Such … therefore be forced to choose between repression and the most generous concession, a transition to full democracy. …

causes democracy. Existing studies establish a strong cross-country correlation between income and democracy, but do not … country fixed effects removes the statistical association between income per capita and various measures of democracy. We also … on democracy. Furthermore, we reconcile the positive cross-country correlation between income and democracy with the …

level. The evidence supports "development" theories of democracy and growth that highlight the positive impact of … representative institutions on economic activity. They also favour Friedrich Hayek (1960)’s idea that the merits of democracy appear …