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We construct a model of revolution and transition to democracy under an individualistic and a collectivist culture. The main result is that, despite facing potentially larger collective action problems, countries with an individualistic culture are more likely to end up adopting democracy faster...
Persistent link: https://www.econbiz.de/10011266531
conditional on beliefs about property rights enforcement. Democratization is endogenous, but the features of democracies are shown … to be crucially related to the conditions under which democratization initially takes place. Democratic transitions …
Persistent link: https://www.econbiz.de/10005666567
probability of democratization by around 7 percentage points. We also find that rainfall does not affect transitions from …
Persistent link: https://www.econbiz.de/10005792020
This paper investigates the role of violent civil conflicts during the process of democratization for the quality of … different groups may engage in violent conflict in order to become the ruler predicts a crucial role of the democratization … scenario. A peaceful democratization leads to democracies with a high degree of civil liberties, reflecting a social contract …
Persistent link: https://www.econbiz.de/10008925715
We identify permanent democratic transitions during the Third Wave of Democratization and the nineties, when many … that democratization is more likely to emerge in affluent and especially educated societies. Economic development and …
Persistent link: https://www.econbiz.de/10005114314
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 … that the growth dividend from political transition is a result of regime change and not democratization, and also offer new …
Persistent link: https://www.econbiz.de/10011084006
Recent empirical work has suggested that in response to a positive technology shock, labour productivity rises more than output, while employment shows a persistent decline. This finding has raised doubts concerning the relevance of the RBC model as well as the quantitative significance of...
Persistent link: https://www.econbiz.de/10005662191
This paper provides a comprehensive assessment of the open economy aspects of the 'delegation game' in which the operation of monetary policy is delegated to independent and `conservative' central bankers with a greater dislike of inflation than the public. When all countries optimally and...
Persistent link: https://www.econbiz.de/10005662310
As a companion to a previous paper, monetary and fiscal policy are analyzed in (a) a small open economy and (b) a two-country world, where in addition to a fixed wage causing unemployment, countries now produce specialized products whose prices are fixed, causing excess supply. There are two...
Persistent link: https://www.econbiz.de/10005662363
In this Paper we study the competitive equilibria of a two-country endogenous growth model in which the source of growth is the linearity of technology in reproducible inputs. We begin by showing that in a model with no externalities there is a unique equilibrium; however, there are multiple...
Persistent link: https://www.econbiz.de/10005662371