Ponczek, Vladimir; Mattos, Enlinson - In: Journal of Economic Studies 36 (2009) May, pp. 184-194
Purpose – The purpose of this paper is to decompose the effects of democracy and risk of expropriation on economic volatility. Design/methodology/approach – The authors follow Acemouglu et al. and use settler mortality in former colonies in the seventeenth, eighteenth and nineteenth...
