regressions of current economic outcomes on parliamentary systems of government show no effects. Robustness checks suggest that …

economic growth. The theory thus contributes to the understanding of the advent of divergence and overtaking in the process of … development. Consistently with the theory, the empirical analysis establishes that (i) geographical isolation prevalent in pre …

We study the connection between economic performance and the quality of government institutions for the sample of 103 …

inequality in determining the quality of growth-promoting institutions like rule of law. Democracy is associated with …Using cross-country data, we find evidence for a significant negative interaction effect between democracy and … institutions of higher quality when inequality is lower. …

negative indirect effect, operating through the insurance mechanism of government size. Theoretically, the net growth effect of … volatility is then ambiguous. The paper reveals the underlying endogeneity of government size in a balanced panel of 95 countries … increase of volatility lowers growth by up to 0.57 percentage points in a democracy, but raises growth by 1.74 percentage …

Before the Great Recession, rising income inequality within the European Union member states has been considered to be … 2011. Our analysis shows that Euroskepticism has increased by on third during the financial crisis, while income inequality … cultural identity and financial expectations and by large unrelated to economic background variables like income inequality. We …

A fundamental question in social sciences relates to the effect of wealth inequality on economic growth. Yet, in … inequality from Forbes magazine's listing of billionaires and compare its effect on growth to the effects of income inequality … and poverty. We find that wealth inequality reduces economic growth, but when we control for the fact that some …