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of democracy (rather than democracy vs. non-democracy) has important consequences for the adoption of structural polices … opposed to majoritarian) and permanent (as opposed to temporary) democracy appear to produce the most growth …
Persistent link: https://www.econbiz.de/10012467514
We provide evidence that democracy has a significant and robust positive effect on GDP. Our empirical strategy relies … on a dichotomous measure of democracy coded from several sources to reduce measurement error and controls for country … fixed effects and the rich dynamics of GDP, which otherwise confound the effect of democracy on economic growth. Our …
Persistent link: https://www.econbiz.de/10012458660
years. Democratic capital -- measured by a nation's historical experience with democracy and by the incidence of democracy … in its neighborhood -- reduces the exit rate from democracy and raises the exit rate from autocracy. In democracies, a …, promoting economic development jointly with the consolidation of democracy …
Persistent link: https://www.econbiz.de/10012466494
Developing countries employ a very large share of their workforce in agriculture, a sector in which their labor productivity is particularly low. We take a macroeconomic approach to analyze the role of agriculture in development. We construct a new database with systematic measures of inputs and...
Persistent link: https://www.econbiz.de/10014250119
Persistent link: https://www.econbiz.de/10012062500
provide evidence at the levels of individual countries and the world--helps explain why democracy advances in waves followed … to leap to a higher level of democracy when they are eventually overthrown …
Persistent link: https://www.econbiz.de/10012461526
Including in-depth contributions by eminent economists and social scientists, 'Asian Transformations' examines the phenomenal changes transforming economies in this continent and shifting the balance of economic power in the world, while reflecting on the future prospects in Asia over the next...
Persistent link: https://www.econbiz.de/10013483819
We document a process of rapid tertiarization of the Chinese economy since 2005. The employment and value-added shares of the service sector have increased significantly. Moreover, total factor productivity growth has increased faster in the service sector than in the manufacturing sector....
Persistent link: https://www.econbiz.de/10013334489
We explore the relationships between subjective well-being and income, as seen across individuals within a given country, between countries in a given year, and as a country grows through time. We show that richer individuals in a given country are more satisfied with their lives than are poorer...
Persistent link: https://www.econbiz.de/10012462215
theory also establishes that after economic integration, the high skill countries see a disproportionate increase in …
Persistent link: https://www.econbiz.de/10012464960