. In a large electorate, the numerical advantage of the majority becomes irrelevant: democracy is undone by the market …

Firms in Africa report "regulatory and economic policy uncertainty" as a top constraint to their growth. We argue that … often firms in Africa do not cope with policy rules, rather they face deals; firm-specific policy actions that can be … uncorrelated with ex-post firm-level responses, further evidence that deals rather than rules prevail in Africa. Strikingly, the …

's global share of GDP means that liberal Asian nations will be poised to take up the role of promoting liberal democracy …

We explore the question of how political institutions and particularly democracy affect economic growth. Although … empirical evidence of a positive effect of democracy on economic performance in the aggregate is weak, we provide evidence that … democracy influences productivity growth in different sectors differently and that this differential effect may be one of the …

The connections between globalization and democracy are a classic question in international political economy and a … positive relationships running both ways between globalization and democracy, though exceptions obtain at particular times …

Does democracy encourage free trade? It depends. Broadening the franchise involves transferring power from non … political economy implications of trade theory hypothesis using data on democracy, factor endowments, and protection in the late …

years. Democratic capital -- measured by a nation's historical experience with democracy and by the incidence of democracy … in its neighborhood -- reduces the exit rate from democracy and raises the exit rate from autocracy. In democracies, a …, promoting economic development jointly with the consolidation of democracy …