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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
If in general, financial deepening aids economic growth, then financial repression should be harmful. We use a natural experiment – the change in the English usury laws in 1714 – to analyse the effects of interest rate restrictions. Based on a sample of individual loan transactions, we...
Persistent link: https://www.econbiz.de/10005662086
Whether diversity or specialization of economic activity better promotes technological change and subsequent economic growth has been the subject of a heated debate in the economics literature. The purpose of this paper is to consider the effect of the composition of economic activity on...
Persistent link: https://www.econbiz.de/10005662217
This Paper discusses the challenges confronting developing countries seeking to overcome discrimination in world trade rules and policies. The major sources of discrimination in both developed and developing countries in the areas of market access opportunities and WTO disciplines are briefly...
Persistent link: https://www.econbiz.de/10005666729
We study the effects of differences in local financial development within an integrated financial market. To do so, we construct a new indicator of financial development by estimating a regional effect on the probability that, ceteris paribus, a household is shut off from the credit market. By...
Persistent link: https://www.econbiz.de/10005667081