of political freedoms versus economic development. This paper takes a new approach to provide an answer by using micro … personal characteristics, country and year fixed effects, more freedom and economic growth both reduce revolutionary support …. To reduce support by the same amount requires adding 14 percentage points on to the GDP growth rate. Being Muslim in a …

predicated via three sub-chains (i) from marketization to growth, (ii) from growth to overall material development welfare and … (iii) from material development to social welfare and democracy. We examine each of these sub-links in detail with a view …

Sales are a widespread and well-known phenomenon that has been documented in several product markets. Regularities in … supply, demand, or the aggregate price level. Certain sales are traditional and so well publicized that it is difficult to … buyers have heterogeneous storage technologies, periodic sales may facilitate collusion by magnifying intertemporal linking …

Sales are a widespread and well-known phenomenon documented in several product markets. This paper presents a novel … rationale for sales that does not rely on consumer heterogeneity, or on any form of randomness to explain such periodic price …. Sales foster collusion, by magnifying the intertemporal links in consumers' decisions. …

Why is GDP growth so much more volatile in poor countries than in rich ones? We identify four possible reasons: (i … of development. We document the following regularities. First, as countries develop, their productive structure moves … from more volatile to less volatile sectors. Second, the level of specialization declines with development at early stages …

Interactions between economic development and financial development are studied by looking at the roles of financial … institutions in selecting R&D projects (including for both imitation and innovation). Financial development is regarded as the … development stages of an economy. At higher development stages a financing regime with ex post selection capacity is more …

predict the potential implications of particular growth policies to inequality, poverty and, consequently, to social … development, is significantly improved. …

Why is GDP growth so much more volatile in poor countries than in rich ones? We identify four possible reasons: (i … of development. We document the following regularities. First, as countries develop, their productive structure moves … from more volatile to less volatile sectors. Second, the level of specialization declines with development at early stages …

Interactions between economic development and financial development are studied by looking at the roles of financial … institutions in selecting R&D projects (including for both imitation and innovation). Financial development is regarded as the … development stages of an economy. At higher development stages a financing regime with ex post selection capacity is more …