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that increases in income are conducive to increases in democracy levels. This doubt stems mainly from the fact that while a … strong positive correlation exists between income and democracy levels, the relationship disappears when one controls for …, such as institutional quality. In this paper, we reexamine the robustness of the income-democracy relationship. We extend …
Persistent link: https://www.econbiz.de/10013129124
A growing body of work suggests that education offers a wide-range of benefits that extend beyond increases in labor market productivity. Improvements in education can lower crime, improve health, and increase voting and democratic participation. This chapter reviews recent developments on these...
Persistent link: https://www.econbiz.de/10013130984
The federal government stands poised to exercise its constitutional right to regulate financial markets, an area traditionally left to competing provincial securities commissions. The current state of securities regulation renders impotent US-style takeover defences, such as poison pills and...
Persistent link: https://www.econbiz.de/10013135809
The conventional view in the direct democracy literature is that spending against a measure is more effective than …
Persistent link: https://www.econbiz.de/10013138314
We study theoretically and empirically whether natural resource windfalls affect political regimes. We document the following regularities. Natural resource windfalls have no effect on the political system when they occur in democracies. However, windfalls have significant political consequences...
Persistent link: https://www.econbiz.de/10013117944
Over the last two centuries, many countries experienced regime transitions toward democracy. We document this … democratic transition over a long time horizon. We use historical time series of income, education and democracy levels from 1870 … to 2000 to explore the economic factors associated with rising levels of democracy. We find that primary schooling, and …
Persistent link: https://www.econbiz.de/10013120286
provide evidence at the levels of individual countries and the world--helps explain why democracy advances in waves followed … to leap to a higher level of democracy when they are eventually overthrown …
Persistent link: https://www.econbiz.de/10013123698
Growth and democracy (subjective indexes of political freedom) are analyzed for a panel of about 100 countries from …, the overall effect of democracy on growth is weakly negative. There is a suggestion of a nonlinear relationship in which … democracy enhances growth at low levels of political freedom but depresses growth when a moderate level of freedom has already …
Persistent link: https://www.econbiz.de/10013124283
. In a large electorate, the numerical advantage of the majority becomes irrelevant: democracy is undone by the market …
Persistent link: https://www.econbiz.de/10013097274
Empirical evidence on the relationship between democracy and economic reforms is limited to few reforms, countries, and … periods. This paper studies the effect of democracy on the adoption of economic reforms using a new dataset on reforms in the …-2004. Democracy has a positive and significant impact on the adoption of economic reforms but there is scarce evidence that economic …
Persistent link: https://www.econbiz.de/10013105727