augmented with a heterogeneous agents lobbying game. Model simulations match the dynamics of structural change, inequality, and … across sectors, attracting substantial lobbying efforts by special interest groups. Yet, the link between structural change … and lobbying remains underexplored. Using more than 150 years of data on parliamentary petitions in USA and Britain, we …

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

government, business and civil society to promote a recoupling of economic and social prosperity. …

equilibrium predictions. -- Redistribution ; double auction ; elections ; lobbying … democracy, subjects first earn their income by trading in a double auction market and thereafter vote on redistributive policies …' policy choices by transferring money to them. We observe very high levels of redistribution - even when transfers to …

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 …

This paper throws new light on the relationship between income and democracy. Using data for 162 countries over 1960 … political instability, while other potential mechanisms, such as education, investment and inequality, lack comparable empirical … support. These findings are robust to, among others, using night-lights instead of GDP, different democracy measures and …

This study investigates the relationship between economic growth and democracy by estimating a nation's production … shifters model enabled this study to find possible known channels between economic growth and democracy. Empirical results … based on a panel data of 144 countries observed for 1980-2014 show that democracy had a robust positive impact on economic …

inequality: Thus there is a new approach for explaining Piketty's historical findings of a medium term rise of the capital income …