cultural heterogeneity, the world's geographical fragmentation by ethic and religious traits, at any given time. Finally, the …

Throughout the Western world, people's policy views are correlated across domains in a strikingly similar fashion. This …

We provide evidence that a history of democracy at the local level is associated with contemporary democracy at the … national level. Auxiliary estimates show that a tradition of local democracy is also associated with attitudes that favor … democracy, with better quality institutions, and higher level of economic development …

This paper addresses the interactions between globalization, the quality of democracy, and economic convergence using … simultaneous estimation techniques. To reflect process, we use multi-dimensional, de facto, and continuous measures of democracy … the income frontier. Using this measure of development, we extend the test for the two-way relationship between democracy …

of democracy (rather than democracy vs. non-democracy) has important consequences for the adoption of structural polices … opposed to majoritarian) and permanent (as opposed to temporary) democracy appear to produce the most growth …

We provide evidence that democracy has a significant and robust positive effect on GDP. Our empirical strategy relies … on a dichotomous measure of democracy coded from several sources to reduce measurement error and controls for country … fixed effects and the rich dynamics of GDP, which otherwise confound the effect of democracy on economic growth. Our …

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 …

Regulation consists of rulemaking and enforcement. Economic theory offers two complementary rationales for regulating … and efficiency across society as a whole. Agency-cost theory recognizes that incentive conflicts and coordination problems …

puzzle in standard economic models. To study this phenomenon, we propose a positive theory of IEAs in which the political … (might not be implemented in full). The theory also provides a new perspective for understanding investments in green …