most effective ones for processing and aggregating local knowledge. Democracy is a meta-institution for building good …

-30 percent were Mexico to attain a level of democracy comparable to that prevailing in the U.S …

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 …

government is correlated with happiness, however forms of democracy and government spending seem not. We further discuss three …

measure this democracy effect. We derive the distribution of the statistic of the democracy effect, and apply the new strategy … under democracy by weighting the behavior of each type of voter by its prevalence in the whole population (and not …. Application of this method to the data in Dal Bó, Foster and Putterman (2010) confirms the presence of the democracy effect in …

This paper assesses if voting for democracy affects long-term electoral participation. We study the effects of … participating in Chile's 1988 plebiscite, which determined whether democracy would be reinstated after a 15-year long military …