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We study the process of endogenous democratization from inefficient oligarchic systems in an economy where … enforcement of property rights depends on the extent of predation activities in the economy. The theory highlights the importance …
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, however, is that there seem to be certain "threshold" levels of financial and institutional development that an economy needs …
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In this paper we investigate the causal effect of life expectancy on economic growth by explicitly accounting for the role of the demographic transition. In addition to focusing on issues of empirical identification, this paper emphasizes the role of the econometric specification. We present a...
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