Cervellati, Matteo; Sunde, Uwe - Institute for the Study of Labor (IZA) - 2011
This paper investigates the empirical role of violent conflicts for the causal effect of democracy on economic growth …. Exploiting within-country variation to identify the effect of democratization during the “Third Wave”, we find evidence that the … effect of democratization is weaker than reported previously once one accounts for the incidence of conflict, while the …