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Political scientists and economists increasingly agree that institutions may influence economic growth, but there is … institutions that protect private property rights may be expected to have positive effects on economic growth. We analyze data from … property has a significant, positive and robust effect on economic growth and that when outliers are excluded a configuration …
Persistent link: https://www.econbiz.de/10009421987
Does economic growth need Democracy? Or is it the non democratic rule that may pave the way to produce economic … of Democracy/ Non-Democratic rule with economic growth. Precisely this paper is an attempt to investigate the Economic … traditional methods of comparative institutional analysis are used to understand the mechanisms through which Democracy or …
Persistent link: https://www.econbiz.de/10009369600
inequality reduces income growth, but only in democracies. We find that their result is highly sensitive to the use of data … sources on both democracy and inequality. When we substitute more commonly-used and higher-quality data sources for democracy …
Persistent link: https://www.econbiz.de/10008642712
autocracy or democracy on economic growth. The aggregate growth of the economy under the autocracy remained better as compared …Pakistan showed a healthy growth rate of 5.6 percent during the entire history and faced many ups and down in the … economic growth due to dramatic changes in the political regimes. The literature shows mixed results regarding the impact of …
Persistent link: https://www.econbiz.de/10008788804
of some semi-democracies and semi-autocracies. Finally, it discusses the opportunity to test the growth-and-democracy …The paper provides a survey of theoretical and empirical literature on non-linear impact of democracy on economic … growth. First, it looks at two main approaches to the non-linearity: the U-shape and the inverse U-shape. Then it proceeds by …
Persistent link: https://www.econbiz.de/10008506931
Democratic nations are advised to have parliaments select the chief executive by the Borda Fixed Point method. The current practice of having direct popular elections using systems that have originated in history is inoptimal and actually quite undemocratic since winners are selected who don’t...
Persistent link: https://www.econbiz.de/10005789458
insufficient attention in the literature. This review also compares DeLong’s approach with my own book "Voting theory for democracy …
Persistent link: https://www.econbiz.de/10005619463
Ministers. When we compare the SDE letter with Colignatus (2001, 2007b) “Voting theory for democracy” (VTFD) then we find that … SDE does not fit voting theory for democracy. Inspection of the material upon which the SDE letter is based also shows a …
Persistent link: https://www.econbiz.de/10005622129
The recent empirical growth literature has proposed three underlying fundamental determinants of economic growth … economic growth, which corroborates much of the empirical evidence in the existing literature. …
Persistent link: https://www.econbiz.de/10005836612
In this paper, we made an attempt to understand the costs and benefits of democracy for economic growth in Pakistan by … analyzing the relationship between democracy and its various measures. Using instrumental variables and RALS (rth … uncertain relationship between democracy and fiscal policy variables like expenditures, revenues and deficit; whereas democracy …
Persistent link: https://www.econbiz.de/10008740584