Showing 1 - 10 of 234
Initially, voting rights were limited to wealthy elites providing political support for stock markets. The franchise expansion induces the median voter to provide political support for banking development as this new electorate has lower financial holdings and benefits less from the uncertainty...
Persistent link: https://www.econbiz.de/10011084251
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 …
Persistent link: https://www.econbiz.de/10009493564
between democracy and institutional quality. …
Persistent link: https://www.econbiz.de/10005666439
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. …
Persistent link: https://www.econbiz.de/10005666486
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 …
Persistent link: https://www.econbiz.de/10005666490
Which of the democratic checks and balances – opposition parties, the judiciary, a free press – is the most critical? Peru has the full set of democratic institutions. In the 1990s, the secret-police chief Montesinos systematically undermined them all with bribes. We quantify the checks...
Persistent link: https://www.econbiz.de/10005791801
that a jus sanguinis origin is a factor of resistance to change, that a high degree of democracy promotes the adoption of …
Persistent link: https://www.econbiz.de/10005792114
evaluate separately the impact of political institutions linked to democracy and suffrage and of those institutions more …
Persistent link: https://www.econbiz.de/10005124196
We use a sample of 147 countries to investigate the link between democracy and reforms. Democracy may be conducive to … institutions. The results provide a robust support for the claim that democracy is good for growth-enhancing reforms. …
Persistent link: https://www.econbiz.de/10005124381
One of the key goals of political economy is to understand how institutional arrangements shape policy outcomes. This paper studies a comparatively neglected aspect of this - the forces that shape heterogeneous performance of autocracies. The paper develops a simple theoretical model of...
Persistent link: https://www.econbiz.de/10005136611