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 …

The debate over whether political democracy is the least bad regime, as Churchill once said, remains unresolved because …

Despite a vast accumulation of private capital, China is not embracing capitalism. Deceptively familiar capitalist …

's global share of GDP means that liberal Asian nations will be poised to take up the role of promoting liberal democracy …

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 …

also tends to erect significant entry barriers, violating the property rights of future producers. Democracy, where … taxes in democracy are high and the distortions caused by entry barriers are low, an oligarchic society achieves greater …