There are two innovations in the paper as compared to the previous literature on democracy and growth. First, we … consider not only the level of democracy, but also changes in this level in the 1970s-1990s as measured by increments of … Freedom House political rights indices. Second, the distinction is made between democracy and law and order (order based on …

level of democracy is taken into account, but also changes in this level in the 1970s-1990s as measured by the political … rights indices of the Freedom House. Second, the distinction is made between the rule of law and democracy, the rule of law …

There are two innovations in the paper as compared to the previous literature on democracy and growth. First, we … consider not only the level of democracy, but also changes in this level in the 1970s-1990s as measured by increments of … Freedom House political rights indices. Second, the distinction is made between democracy and law and order (order based on …

regimes and increases the chances of return to authoritarianism. The instability of democracy also leads to the deterioration … theoretic model that demonstrates instability of democracy under poor institutions and high income inequality. …

components in the development of the continent: law, democracy and quality of government. Political regimes of democracy, polity …-stability, regulation quality and rule of law. Findings indicate democracy has an edge over autocracy while the later and polity overlap. A … democracy that takes into account only the voice of the majority is better in government quality than autocracy, while a …

, which focuses on how democracy, polity and autocracy affect financial development dynamics of depth, efficiency, activity … financial intermediary depth, activity and size. Democracy has important effects on the degree of competition for public offices …-law counterparts. (5) There is evidence of a U-shape relationship between national wealth and the level of democracy, with Low …

explain why resource abundance may lead to instability of democracy in some countries, but does not create any difficulties … to corruption (a measure of the institutional quality). The probability of the democracy preservation is decreasing in …

We suggest a dynamic game theoretic model to explain why resource abundance may lead to instability of democracy … Autocrat down. It is shown that the probability of democracy preservation is decreasing in the amount of resources if the … low institutional quality, a paradoxical effect takes place: the probability of democracy preservation may decrease with …

explain why resource abundance may lead to instability of democracy in some countries, but does not create any difficulties … creates a prerequisite for resource owners to have dominant economic power. If institutions are weak under democracy, the … the model exploration are as follows. The probability of democracy preservation is decreasing in the amount of resources …